Had American done the work correctly the first time, the turmoil would have been avoided.
Even after the first signs of turmoil were evident in the credit markets, economic officials, including those at the European Central Bank, could point to evidence that Europe had grown resilient enough to withstand ripples from a slowdown in the United States.
From bitter experience, they know that they tend to be among the first victims of turmoil in Indonesia, most recently in 1998, when the 32-year Suharto dictatorship ended in a blaze of arson and rioting.But there are some reasons to hope that the worst outcomes might yet be avoided.
From bitter experience, they know that they tend to be among the first victims of turmoil in Indonesia, most recently in 1998, when the 32-year Suharto dictatorship ended in a blaze of arson and rioting.But there are some reasons to hope that the worst outcomes might be avoided.
In 2008, Senator John McCain asked for a postponement of the first debate, citing the turmoil in the financial markets.
"It was the first real period of turmoil in the fledgling financial futures markets and Meriwether understood it," Eckstein recalled yesterday.
The first was the continuing turmoil in Athens where Mr. Papandreou's reshuffled government faces a trial of strength both with opposition deputies in Parliament and with protesters on the streets.
Their opponents are Zionist agents, Christian fanatics and fascist holdovers from the era of Hosni Mubarak, the tyrant toppled in the first phase of revolutionary turmoil, in February 2011.But the divisions go much further than mere name-calling.
As OPEC ministers prepare to meet Wednesday for the first time since political turmoil spread across North Africa and the Middle East, there are signs that Saudi Arabia and other oil producers are beginning to raise production modestly to help meet global demand.
Nonetheless, this is the first bout of political turmoil Afghanistan has faced since it adopted a constitution in 2004.At issue is the date of a presidential election and the right of President Hamid Karzai to remain in office until it occurs.
