Word: weaknesses
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...Little Big China Those caveats are important. But China's technocrats are well aware of the risks they are running. "They came into this [crisis period] with eyes wide open," says Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough...
...though oil revenue seems to be the key issue to address in Equatorial Guinea, it is really only a corollary to the true problem of weak democratic institutions. If the people of this country truly had the power of a voice through their votes, it would be much easier indeed for them to dictate how oil money should be spent. As such, there should be a strong push on both fronts—oil revenue transparency and building a real democracy—to bring the resources these citizens truly need to them as quickly as possible...
...interrupted my view, throwing handfuls of confetti at my wandering face. Some of it went up my nose. That’ll be there awhile. Apparently she just graduated from high school. Huzzah. We stole a piece of the sheet cake her parents were casually guarding, guiltily offering a weak “congratulations...
Highlight Reel: 1. Inside Senator Hillary Clinton's fractious and fizzling campaign: "Far from being the overpowering political machine of legend, the Clinton campaign turned out to be a world filled with destructive internal conflicts, a place of tensions and enmities." We already knew Hillary Clinton ran a weak campaign organization - its top officials managed money poorly and apparently didn't grasp the intricacies of the primary caucus system until it was too late. But the book sheds new light on just how flawed and, in James Carville's term, "joyless" the team was. Balz and Johnson reveal that Clinton...
Before leaving Kenya for her next stop, South Africa, Clinton met with Somali President Sheik Sharif as part of U.S. efforts to help the weak Transitional Federal Government fight the militant Islamic al-Shabaab insurgency, which is supported by neighboring Eritrea. She was clear that this was in Washington's interest, warning that "if al-Shabaab were to obtain a haven in Somalia which could then attract al-Qaeda and other terrorist actions, it would be a threat to the U.S." To make the point, Clinton visited the site of the 1998 bombing of the U.S. embassy in Nairobi...