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Revolutions Uprooted Prejudgment; No More Prescriptions |
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Almost a year has passed since revolution in Tunisia
and protests in Egypt’s Tahrir Square toppled
ossified authoritarian regimes and ignited a much
wider and still raging storm in the Arab world. No
one can safely predict where these events will
eventually take the Arab people and nations. But,
one thing is certain: there is no turning back.
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With Euro, Urgent Crowds out Important |
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Europe’s sovereign debt crisis has rumbled on for so
long that some people are beginning to take for
granted that eurozone leaders can continue to
stumble from one non-solution to the next without
risk of cataclysm. But, if any troubled southern
European economy fails to roll over its debt in the
coming months, the resulting contagion will spread
quickly from the eurozone throughout the global
financial system, with consequences far more grave
than what followed Lehman Brothers’ collapse in
September 2008. |
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Kulubi Unveils Ignorant Business, Opportunistic State |
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Every year in the months of December and July, the
town of Kulubi, located 464km east of Addis Abeba,
celebrates a special dutiful celebration. Pilgrims
converge from all over the country and abroad, at
the famous and historical place. The pilgrims are,
however, by no means only followers of a typical
religion alone and include members of other
religions as well as virtually all national groups
of the country. |
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Is Multiculturalism Dead? |
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At the height of the Arab uprisings last spring,
many Europeans were gripped by nightmare visions of
a tsunami of migrants crashing against the
continent’s shores. The wave never hit, but its
specter fed a tenacious anti-immigrant populism that
has concealed an important new trend: migration has
largely stalled. In many countries, more immigrants
are leaving than are arriving, owing mainly to the
economic crisis that has drained jobs in the West. |
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Indecision Fuels Uncertainty |
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The dire economic situation in which most of the
rich world found itself in 2011 was not merely the
result of impersonal economic forces, but was
largely created by the policies pursued, or not
pursued, by world leaders. Indeed, the remarkable
unanimity that prevailed in the first phase of the
financial crisis that began in 2008, and which
culminated in the one trillion dollars rescue
package put together for the London G-20 meeting in
April 2009, dissipated long ago. Now, bureaucratic
infighting and misconceptions are rampant. |
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