Word: centrales
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...central bank debacle is just the latest example of paralysis. After months of bickering over Fukui's successor, DPJ politicians last week rejected Fukuda's first nominee, BoJ deputy governor Toshiro Muto, and this week shot down his second choice, Koji Tanami, the governor of the Japan Bank for International Cooperation. Both Muto and Tanami are former Ministry of Finance (MOF) officials; the DPJ says it won't accept a former MOF bureaucrat as central bank chief because it wants to ensure the independence of the central bank and to insulate monetary policy from meddling by the administration...
...squabbling comes as the U.S. central bank chief, Federal Reserve Board chairman Ben Bernanke, is scrambling to shore up shaky financial markets. Among other actions, Bernanke this week helped prevent the bankruptcy of a major brokerage house, Bear Stearns, and cut U.S. interest rates 0.75 of a percentage point to try to keep America from slipping into recession. But in Japan, there's little central bank activity, despite the threat of recession, a sliding stock market, and the decline of the dollar to its lowest level against the yen in 13 years. "At this moment the situation is very...
...Voiceless), and many young Tibetans feel they have spent all their lives dreaming of a country they've never seen. In Tibet, meanwhile, I remember-visiting in 1990, when the shadow of martial law hung over the capital-seeing soldiers on the rooftops of the low buildings around the central Jokhang Temple and tanks stationed just outside the city limits...
...This makes for a novel way of practicing the art of politics-one inspired, you could say, by the prince called the Buddha more than by the one described by Machiavelli. The central principle of Buddhism is the idea of interdependence-the notion that all sentient beings are linked together in a network that was classically known as Indra's Net. Thus, calling Chinese individuals your enemy and Tibetans your friend, the Dalai Lama might suggest, is as crazy as calling your right eye your ally and your left your adversary; you usually need both to function well...
...Long RoadThe central question surrounding Tibet, of course, is what will happen when the current Dalai Lama dies. In preparation for that event, the man has been stressing for years that the function of any Dalai Lama is only to fulfill the work of the previous Dalai Lama; therefore, any young child selected by Chinese authorities and declared to be the 15th Dalai Lama, a Beijing puppet, will not be the true "Dalai Lama of Tibetan hearts." As practical and flexible as ever and holding to the Buddhist ideas of impermanence and nonattachment, he told me as far back...