Archive - Sep 23, 2008
In Afghanistan, Food Shortages May Fuel Unrest
As winter approaches the food shortages are already affecting the country's internal security, and things are likely to get worse when snow falls next month, reports the New York Times.
Returning refugees are already converging on the cities because they cannot manage in the countryside, and they make easy recruits for the Taliban or other groups that want to create instability, said Ashmat Ghani, an opposition politician and tribal leader from Logar Province, south of Kabul, the nation’s capital.
A photo slide show from the New York Times' depicts the crisis through haunting images of Afghanistan's landscape and citizens.
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One Big Deal
While the details of the government bail out are still to be agreed upon, what is clear is that business as usual on Wall Street has been transformed. This hasn't happened to our financial system in a long time — nearly all experts agree that change of this magnitude hasn't occurred since the Great Depression, or maybe ever.
And it's not just about the estimated $700 billion that is needed to provide some sort of stability for failing financial institutions, or the significant changes to the regulatory system that will surely result. The proposed deal also transfers an incredible amount of power to the Treasury Secretary, without the allowance of judicial review — this is unheard of in financial legislation.
This morning's report from NPR explains why it's so significant.
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