Word: turmoils
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...Other nations, most of whom greeted the '88 crackdown with silence, are keeping a much closer watch this time on the unfolding drama in Burma. On Wednesday, the U.N. Security Council convened an emergency meeting to discuss the turmoil in the country. A day before in his address to the U.N General Assembly in New York City, U.S. President George W. Bush criticized the "reign of fear" in Burma; he unveiled further restrictions on the regime, including travel bans to the U.S. for members of the junta and their families, extending sanctions that have been in place for a decade...
...speculation that Brown might call a snap election as early as next month. Insiders say a decision has not yet been made and point out that an election isn't due until 2010. But there's a clear temptation to secure a new five-year term before global financial turmoil can do too much damage to Britain's economy, and while Conservatives and Liberal Democrats flounder. Brown has wrong-footed his opponents who expected him to move Labour to the left. Instead he has co-opted advisers from across the political spectrum, strengthening Labour's claim to the center ground...
...fans, Eggers has used his fame to promote philanthropic causes. In addition to founding 826 National, the proceeds from his latest work, “What is the What,” which relates the life of a Sudanese refugee, will go to aid people displaced by the political turmoil in Sudan...
...Democracy party failed to win an outright majority in parliament. That carrot-and-stick strategy, said analysts, put voters at a clear crossroads, weighing Karamanlis' stolid leadership and economic successes against their yearning for a protest vote that could spell a return to socialist rule, or political turmoil. "Ultimately, voters picked the candidate they had the greatest faith in," said Maria Karakliouni of RASS-MARC polling agency...
...through the global financial system, beginning with Thailand's devaluation of the baht after a collapse of the nation's real estate bubble. In 2007, it is the U.S. and its subprime mortgage borrowers causing the greatest disturbance in credit markets in a decade. At the root of the turmoil is aggressive lending to American home buyers who previously were unable to obtain credit. Financial engineers pooled these loans together and sold off pieces representing different presumed levels of risk. In the process, the nonbank financial institutions buying these "structured credit products" - hedge funds and other supposedly sophisticated players - replaced...