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...reasons are well known. Debt-fueled and gluttonous, bankers around the world took wild risks that their bosses and regulators failed to stop. Throw in Bernard Madoff's massive fraud, and trust right now is as scarce as good credit. According to the Chicago Booth/Kellogg School Financial Trust Index, a new quarterly measure of Americans' confidence in financial institutions, faith in banks - on a scale of 1 to 5, where 1 denotes no trust and 5 complete confidence - fell from 2.95 to 2.8 in the first quarter of this year; trust in bankers slipped from 2.6 to 2.5. Things...
Soma Chakraborty moved to Bangalore as a new bride in November, excited to join her husband, Avishek, in a place known for fun, freedom and opportunity. That notion lasted about a month. "I'm trying to love the city," she says gamely. But the city has not made it easy. Soma, 24, hasn't been able to find work - in a recession, no one's interested in her master's degree in psychology without experience - and Avishek's once coveted job at the outsourcing firm Satyam now depends on the whims of the scandal-tainted company's new owners. (Read...
...Known for her speed and agility, Joo—who teammates said went by her last name on the field—played the back position on the team. In that capacity, Joo handled offense, scoring “more than a few times,” according to Aubrey M. Chamberlain ’10, who played on the rugby team with Joo last year...
...overarching fear was for the hard-won peace. Pushpa Kamal Dahal, more popularly known by his nom de guerre Prachanda, had been Prime Minister for just eight months and, while popular, has had to weather several political and economic crises. The concern over a break with the military was whether the Maoist rebels would then return to armed conflict - or that the military would stage a coup to avoid having to absorb them. Supervised by the United Nations, the guerrillas are increasingly restive, residing in military bases for two-and-a-half years now while awaiting integration. (See pictures...
...propaganda machinery extends beyond the borders of Afghanistan. In Pakistan's Swat Valley, Mullah Qazi Fazlullah, a firebrand Taliban cleric known as "Mullah Radio," has used unlicensed FM stations to effectively paralyze the former resort area, now under militant control. Last week, an editorial from the The News International, a leading English daily, called the Pakistani government's failure to "evolve a counter-narrative to the Taliban propaganda" that fills airwaves and newspaper columns a "dereliction of the highest order...