Word: feb
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...from the last host city will be vital. While the sports on show in London will be different from those in Vancouver, the Canadian city's experience "gives us real food for thought," Sebastian Coe, chairman of London's organizing committee, told reporters ahead of the closing ceremony on Feb. 28. London, he said, would "use this information to ensure we stage a Games for everyone." (See the top 10 memorable moments of the Winter Olympics...
...dollar - an actual hung parliament might be expected to cause the venerable currency to collapse. And while it's true that speculators are adding to the pressure on sterling - the value of short positions on the pound rose to more than $6 billion in the week prior to Feb. 23 - they remain "the froth at the top," insists Simon Derrick, head of currency research at Bank of New York Mellon in London. (See pictures of London...
...been underdeveloped and largely ignored by the two powers on either side. No longer. India has just launched a plan to spend $361 million over the next several years on roads and rail links in the terai, announcing the grants just before Nepali President Ram Baran Yadav made his Feb. 15 official visit to New Delhi. China, meanwhile, recently increased its annual aid to Nepal by 50% to about $22 million...
...India may be undermining Nepal's fragile democracy, as the country's 24 political parties trade charges of being pawns of one or the other. Even a tiny royalist party, supporters of Nepal's deposed King Gyanendra, have gotten into the act, staging a rally in Kathmandu on Feb. 22 that shut down the capital for a day. Meanwhile, the parties are debating complex constitutional issues, including a proposed federal system of 14 ethnicity-based states. Nepal's interim constitution will expire on May 28, and if its politicians cannot agree on a new one by then, the constituent assembly...
...wave. A warning could have allowed villagers on the coast to flee to higher ground. "The truth, even if it hurts, [is that] a division of the navy made a mistake," Defense Minister Francisco Vidal told reporters. He blamed the navy for not issuing a tsunami warning after the Feb. 27 earthquake rocked the South American country...