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The role of the army is one of the most important factors in the crisis now facing Pakistan. The first coup under General Ayub Khan might have been justified under the circumstances, but having tasted power, the army went on to undermine the authority of elected governments and attain a...
Recessions tend to shake up the corporate status quo. Under the stress of collapsing demand and tighter credit, companies that seemed solid are exposed as dangerously flawed, while others panic, slash costs, hunker down - and pass up chances to gain on their competition in ways that would be impossible in...
Acer CEO J.T. Wang chalks up the results to his company's willingness to adapt to unpleasant market realities. While competitors are trying to protect their profit margins by keeping prices of PCs stable, Acer, recognizing that consumers have less to spend nowadays, has been pushing low-cost computers including...
Sure, discount stores tend to withstand downturns. But since the slowdown began, two of Primark's competitors - MK One and Select - have been restructured under creditor-appointed managers. What makes Primark different - and keeps customers interested - is a keen eye for fashion trends worthy of a more expensive retailer. Devotees...
Though there is little talk of the war in Sarajevo today, religious leaders trace Bosnia's Islamic revival directly to the horrors people witnessed in the 1990s, when they were children. "This generation grew up overnight," says the country's Grand Mufti, Mustafa Efendi Ceric. "We had an entire generation...