Oct 29


Congolese refugees fled from the city of Kibati towards Goma on Wednesday.

GOMA, Congo – The exodus has begun.

Women with babies on their backs. Families crammed into cars with coolers and suitcases stuffed to the windows. United Nations trucks. Aid workers. Businessmen. Congolese government troops literally running for their lives.

On Wednesday afternoon, countless people of all kinds poured out of Goma, a strategic Congolese city on the border of Rwanda, fleeing the advancing rebel forces massing on the outskirts of town.

This was a place that was supposed to be safe, a town full of war-weary, displaced people who had come here for shelter, a town that the United Nations peacekeepers had defended against the very same rebels before.

But this time may be different.

“The Congolese army has abandoned most of their positions,” said United Nations spokesman Madnodje Mounoubai. “The road to Goma is now open to the rebels.”

Eastern Congo has been torn by conflict for more than a decade. But if Goma falls, it will be the first time in years that rebels have snatched a major city – and a particularly important one because it is a staging ground for United Nations aid efforts that help keep millions alive.

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Sep 05

· No food or drinking water as tempests batter nation
· Desolation in Cuba is like Hiroshima, says Castro

Friday September 5 2008

Haiti was reeling last night from a series of tropical storms which devastated crops and infrastructure and left bodies floating in flooded towns. Three storms in three weeks unleashed “catastrophe” and submerged much of the impoverished Caribbean nation, said President Rene Preval. A fourth storm, Ike, was gathering force in the Atlantic and could strike next week.

More than 120 people have died, thousands are homeless and agriculture and transport networks have been washed away, prompting calls for emergency international aid.

“There are a lot of people who have been on top of the roofs of their homes over 24 hours now,” the interior minister, Paul Antoine Bien-Aime, told Reuters. “They have no water, no food and we can’t even help them.”

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Aug 31


Unions urged airline and railway workers to take “sick leave” to support the protests (Sakchai Lalit/AP)

Thailand sank deeper into political chaos yesterday as anti-government demonstrators forced the closure of airports and railway lines, stranding foreign and domestic passengers and increasing fears of yet another military coup.

In the capital, Bangkok, a crowd of 2,000 people faced a barrage of teargas as they attempted to take over police headquarters. In other parts of the country, members of the People’s Alliance for Democracy (PAD) demanding the resignation of Prime Minister Samak Sundaraveg shut down airports in Hat Yai and the tourist resorts of Phuket and Krabi.

“This is embarrassing in front of the world,” Mr Samak said, three days after being forced out of his office by demonstrators. “I have several tools at my disposal, but I am not using any of them because I want to keep things calm. I will not quit. If you want me out, do it by law, not by force.”

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Apr 03

THE BAILOUT BOYS: S.E.C. Chairman Christopher Cox (left) with Paulson, President Bush and Bernanke.

The big banks’ fear of big losses is threatening to bring down the entire system, with dire consequences for all of us. Here’s what’s going on, and what we can do about it.

(Fortune Magazine) — What in the world is going on here? Why is Washington spending billions to bail out Wall Street titans while leaving struggling homeowners to fend for themselves? Why are the Federal Reserve and the Treasury acting as if they’re afraid the world may come to an end, while the stock market seems much less concerned? And finally, what does all this mean to those of us who aren’t financial professionals?

Okay, take a few breaths, pour yourself a beverage of your choice, and I’ll tell you what’s happening – and what I think is going to happen. Although I expect these problems will resolve themselves without a catastrophic meltdown, I’ll also tell you why I’m more nervous about the world financial system now than I’ve ever been in my 40 years of covering business and markets. Continue reading »

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