News Analysis
By SABRINA TAVERNISE
ISTANBUL — The Turkish government’s decision this week to lift a ban on women wearing head scarves in universities raised a troubling question: Is Islam starting to erode Turkey’s secular democracy?
But in Turkey, looks are often deceiving. A majority of Turks see the measure — submitted Tuesday to Parliament, where […]
Posted on January 30th, 2008 by admin
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By THE ASSOCIATED PRESS
CANBERRA, Australia (AP) — Australia will issue its first formal apology to its indigenous people next month, the government announced Wednesday, a milestone that could ease tensions with a minority whose mixed-blood children were once taken away on the premise that their race was doomed.
The Feb. 13 apology to the so-called […]
Posted on January 30th, 2008 by admin
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By JIM YARDLEY
BEIJING — When state security agents burst into his apartment last month, Hu Jia was chatting on Skype, the Internet-based telephone system. Mr. Hu’s computer was his most potent tool. He disseminated information about human rights cases, peasant protests and other politically touchy topics even though he often lived under de facto […]
Posted on January 30th, 2008 by admin
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By MICHAEL BARBARO
In a major revamping of its sluggish clothing business, Wal-Mart Stores will shut two divisions at its headquarters in Arkansas, eliminate dozens of positions and move dozens more to New York City.
This will be the first time in years that Wal-Mart, a company renowned for growth, has laid off a significant number […]
Posted on January 30th, 2008 by admin
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By DAVID JOLLY
PARIS — UBS, the largest Swiss bank, said Wednesday that it would write off $14 billion in exposure to the troubled United States housing market and post a net loss for 2007.
The write-offs will result in a record fourth-quarter net loss of approximately 12.5 billion Swiss francs, or $11.4 billion, the bank […]
Posted on January 30th, 2008 by admin
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By VIKAS BAJAJ
The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday.
The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with loans made to borrowers with weak, or subprime, […]
Posted on January 30th, 2008 by admin
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