Nairobi: 10 Things to Do in 24 Hours — Introduction

If you’re craving a quick hit of optimism, reading a newsmagazine is probably not the best way to go about finding it. As the life coaches and motivational speakers have been trying to tell us for more than a decade now, a healthy, positive mental outlook requires strict abstinence from current events in all forms

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IMF warns of further recession risks

Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession. The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.

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Who’s Fighting Who in Iran’s Struggle?

We’re told that a young and restless Facebook generation has arisen in Iran, text-messaging and Twittering away at the fabric of a conservative clerical rule that it is no longer willing to accept. Ranged against it are the dogged defenders of a decrepit regime that has outlived its purpose, surviving only through brute force and its ability to convince the unsophisticated, mostly rural poor folk in their ragged suits and black chadors that President Mahmoud Ahmadinejad is their champion against corrupt politicians and the treacherous intellectuals and amoral rich kids who support them. Obviously these are stereotypes — and highly misleading ones at that

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The Outlook For Stocks Is Decidedly…Mixed

‘Mixed’ is a word that pops up often in financial research reports these days. The measures that give us hints about which way the economy and markets are headed‹everything from the number of people out of work to how difficult it is for companies to fund themselves are pointing in every which direction. As a new Bank of America-Merrill Lynch report puts it: ‘The [stock market] indicators are fairly evenly divided between positive and negative readings.’ That’s not too helpful.

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Economist Mark Zandi: The Chic Geek

Mark Zandi, the chief economist and co-founder of Moody’s Economy.com was in the midst of a whirlwind day that included two speeches, a panel discussion, a television interview and a visit to the Congressional Budget Office — but he still found time for a little extracurricular research. In a taxi on the way to the Park Hyatt hotel in Washington, where he was making a presentation to a bank-industry group, Zandi turned to the driver. “How’s business” he asked.

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