BANGKOK, Thailand — At precisely 7:09 a.m. on Feb. 24 Thailand will collectively hope for good luck. The army generals now running the country think the country needs uplifting and have decreed this date an apparently auspicious time for a bout of national “merit-making” to be led by senior Buddhist monks. The Land of Smiles, as the Tourist Authority of Thailand labels the country, has not had much to smile at recently. Since the military coup last September, the economy has slumped, bombs have killed people in Bangkok, cracks have appeared in the runways of the capital’s brand new $4 [...]
Five years before the Islamic Revolution, Iran produced 6.1 million barrels of oil a day. By the end of 2006 the Iranian oil industry was only pumping 3.9 million barrels a day, 5 percent below its OPEC quota. Barely able to produce any oil for export or cope with escalating domestic demand, Iran’s energy industry has been sliding steadily toward crisis. Yet Iran’s oil reserves are second only to Saudi Arabia’s, and its gas supply is eclipsed only by Russia’s. Having vast energy reserves and the technology to extract and refine them, however, are two different things. A mega-deal struck [...]
JAKARTA, Indonesia — Former rebel turned governor, Irwandi Yusuf, stunned many with his victory in the first direct provincial election held in Indonesia’s once pro-secessionist province of Aceh on Dec.11, 2006. Yet, with post-election pleasantries now over, the former academic has a tough job ahead, as hefty expectations weigh on his three-year term, due to start on Feb. 8. Irwandi’s election is the direct result of the peace deal signed between the Indonesian government and the Gerakan Aceh Merdeka (GAM) in Helsinki, Finland, on Aug. 15, 2005. The peace ended a separatist war that had killed nearly 30,000 since 1976. [...]
