FROM Alam Payind
The Run on Kabul Bank: Corruption and the Karzai Government After Somallia, Transparency International now ranks the government of Afghanistan as the most corrupt in the world. The latest evidence is the crisis involving Kabul Bank , Afghanistan's most important private financial institution.
Corruption and Counterinsurgency in Afghanistan After Somallia, Transparency International now ranks the government of Afghanistan as the most corrupt in the world. The latest evidence is the crisis involving Afghanistan's most important private financial institution. Friends and relatives of President Karzai borrowed hundreds of millions of dollars from Kabul Bank and invested in Dubai's risky real estate market. That revelation has caused a run on the Kabul Bank, which could pave the way to the country's financial collapse. As Karzai tries to limit investigations, will the corruption of his regime make the Taliban look good to ordinary Afghans? What would that mean for the counterinsurgency strategy of General Petraeus, which depends on a solid government supported by its own people?
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.
The flight bumping heard around 'round the world Recent video of a passenger forcibly removed from a United Airlines plane is a worst-case example of what's happened since consolidation into just four US-based carriers. Management seems to be tone-deaf to a decline in service — and even abuse — of passengers.
Is Venezuela becoming a dictatorship? Venezuela may have the world's largest oil reserves, but it's a nation in trouble… economically and politically. Is a populist promise to rescue democracy turning out to be a prelude to dictatorship?