Word: ending
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...lunch buffet. The mood is informal as Cabinet ministers, their clerks and assorted relatives and friends line up patiently to eat in the main dining room of Rajapaksa's official compound. Outside, on the streets of Colombo, he is the all-conquering hero. In May, Rajapaksa's government ended Sri Lanka's 26-year-long civil war against the separatist Liberation Tigers of Tamil Eelam (LTTE), and the capital's broad avenues are dominated by enormous banners glorifying him: "You are a divine gift to the country. May the gods bestow their blessings on you." But here, inside, Rajapaksa seems...
...Advocates for press freedom, too, are outraged that even after declaring victory, Rajapaksa has not lifted the restrictions on the press imposed as war measures. On July 12, the government banned a popular news website that had run stories critical of the government after the war's end, and it has not yet found those responsible for the murder in January of a prominent Sri Lankan journalist and critic of the government, Lasantha Wickrematunge, who was also a freelance reporter for TIME. But those who know Rajapaksa well say that his pragmatism may, in the end, win out. He never...
...Koreans may have reason to fret. A key plank of President Ma's economic platform is to capitalize on an expanding China to propel Taiwan's own growth. Though Taiwan firms have already shifted much low-end manufacturing to China, they have been operating under severe restrictions, such as a ban on direct travel between China and Taiwan, and limitations on investment, which put Taiwan at a disadvantage versus other economies in Asia that enjoyed greater access to the mainland. The regulations were a result of the tense political relationship between Taipei and China's leaders in Beijing, who consider...
...Similar efforts are being made across the island. In Kaohsiung, the government in 2008 opened a software park to spur tech start-ups alongside the city's traditional export factories. Nationally, Ma's administration has targeted six "flagship" industries for investment and development: biotech, health care, high-end agriculture, tourism, green energy, and creative and cultural businesses such as traditional arts and pop music. The government intends to support these sectors by providing financing, improving the capabilities of state research institutes and other measures. "We are keenly aware these industries in five to 10 years will be the major industries...
...end, this has turned out to be a pretty great financial crisis for Goldman Sachs--and for its employees, who will earn, on average, almost $1 million each for the year if the profit pace keeps up. It hasn't been a great financial crisis for the U.S., and the juxtaposition is bound to grate...