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...across Asia the following day, and suddenly investors were seized by visions of a rerun of 1997's "Asian contagion," when a financial crisis in Thailand triggered stock crashes from Jakarta to Moscow to New York. On Feb. 28, as this new outbreak of investor gloom spread, India's main stock index tumbled 4%, Singapore's dropped 3.7%, Japan's fell 2.9%, South Korea's lost 2.6%, and Hong Kong's slipped...
...just six trading sessions, having already soared an astonishing 130% last year. It was about time for a sharp reminder that what goes up occasionally comes down. That said, many China bulls were soon back in the game: on Feb. 28, much to the doomsayers' surprise, Shanghai's main stock index jumped nearly...
Haruko Ohmae has the sort of job skills that should get her hired immediately. She can program a computer, chop sushi, speak Russian, operate heavy equipment and (most important) pour tea. But Haruko doesn't have a full-time job. She's a part-timer-and the main character in the new hit Japanese TV show Haken no Hinkaku, which roughly translates as "the dignity of temp workers." Japan may once have enshrined lifetime corporate employment, but today nearly a third of its workforce is made up of part-timers like Haruko, as companies that cut payrolls during the recession...
Siniora's December defense of the Sérail may well have been a turning point in that struggle. There are signs that the crisis has cooled, at least temporarily. Hizballah chief Sheik Hassan Nasrallah has retreated from his militant rhetoric and called his people from the streets. His main political ally, ambitious former Lebanese army commander Michel Aoun, who is popular with a significant bloc of Christians, has become publicly worried about future opposition protests out of apparent concern they could trigger Christian-on-Christian fighting...
...ground water at Harvard Law School last December, school officials have launched a further round of testing on the water and air to ensure that it is not a serious problem. The testing, which consists of drilling and sampling, is scheduled to continue through May. “The main message to take away is that we’re being abundantly cautious to make sure this is being handled right,” said Michael A. Armini, the Law School director of communications. “It was one of those things where the best thing...