Word: zoned
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...minutes of his wisdom. When he's not doling out advice, he's meeting with his economic "war cabinet," or giving speeches and blitzing every conceivable media outlet. He has traveled to the European Council in Brussels and before that to Paris for an emergency summit of euro-zone countries - even though he refused to adopt the euro during his 10-year tenure as Chancellor of the Exchequer. With marked success, his Treasury successor, Alistair Darling, has promoted the patented Brown rescue plan to the IMF, the G-7 and the G-20. Even U.S. Treasury Secretary Henry Paulson...
...dropped sharply between 2005 and 2007 and then flattened out at 25-year lows. But the latest statistics from France, Ireland, the U.K. and some other countries show that the unemployment rate is starting to pick up again. The IMF, which has slashed its growth forecast for the euro-zone countries for 2009 to a negligible 0.2%, predicts that the percentage of jobless in those 15 countries will jump above 8%. Worst hit will be Spain, where it predicts unemployment will be close to 15% next year, up from...
Until now. In recent weeks, Ireland became the first country in the euro zone officially to stumble into recession. House prices - after rising almost threefold in the decade to 2007 - have slumped 10% in the past year, weakening Ireland's construction industry, which plays an outsized role in the country's economy. Throw in frozen credit markets, high inflation, soaring unemployment and a new tax to pay for the financial crisis bailout, and it's little wonder Ireland's workers are again pondering a move abroad. Dublin's Economic and Social Research Institute, a think tank, forecasts...
...flaring, Thailand's Foreign Minister Sompong Amornvivat urged Thai citizens in Cambodia to leave immediately. The Thai Foreign Ministry has said it may airlift out Thai nationals, should they have trouble exiting Cambodia. For his part, Hun Sen has already vowed to make the Preah Vihar region a "death zone" if the Thai army doesn't back down. Given the historic enmities between the Khmer and Siamese empires, threats of violence aren't easily ignored. After all, the modern-day town near the ancient Angkor Wat temple complex is called Siem Reap, which in Khmer means "Siam defeated...
...Otto Guibovich, a representative of the joint chiefs of staff, told foreign journalists that subversion and drug trafficking had merged into one in the zone. He said that thousands of pounds of coca leaves and chemicals for making cocaine were found in one Shining Path camp. He accused Shining Path allies of propagating false allegations that soldiers had caused the disappearance of 11 people. The guerrillas and their associates, said the general, fear that a long-term military presence will destroy the illicit drug business and their livelihoods. Said Guibovich: "I can categorically say that there have been no illegal...