Musharraf has said that as long as the jihadi groups concentrate on peaceful social work, he is prepared to tolerate them; at the same time, he says that he intends to keep a close watch on them.
Three months into his papacy, Pope Francis took his first significant step on Saturday toward making changes at the troubled Vatican Bank, naming a trusted prelate to fill a key vacancy in an indication that the pope intends to keep a close watch on the institution.
The government, which owns 36.9% of the firm, seems barely to have changed its view, asserting recently that it intends to keep a controlling stake.With two such recent reminders of how privatisation can disappoint, the timing of Enel's flotation is looking especially bad.
ROME — Three months into his papacy, Pope Francis took his first significant step on Saturday toward making changes at the troubled Vatican Bank, naming a trusted prelate to fill a key vacancy in an indication that the pope intends to keep a close watch on the institution.
So a fund that intends to keep a certain share of its portfolio in safe-ish long-term debt will sell Treasuries to the Fed in exchange for newly printed cash, but will then find itself in need of portfolio rebalancing to get back to its preferred distribution of risk, maturity, and so on.
A Moscow judge's decision Thursday to impose the harshest possible penalty on Russian oil tycoon Mikhail Khodorkovsky signaled that Prime Minister Vladimir Putin intends to keep a firm grip on power and is unwilling to bend to American and European concerns about the quality of Russian justice.
