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/ 25 October 2004

A social pressure cooker

"For most Koreans, school days are a stressful time filled with pressure and expectations. While Western children are hitting the beaches or relaxing at malls, Korean students are hitting the books – hard." Richard Kirby describes the unforgiving culture of excellence in South Korean schools.

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/ 25 October 2004

Manuel planning forex surprise?

Budget reform has made the government’s tax and spending plans so predictable that markets now tend to react to the annual Medium Term Budget Policy Statement with a yawn. But the private sector is hoping that Minister of Finance Trevor Manuel will spice up his speech today with an announcement on foreign exchange regulations.

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/ 25 October 2004

What Tito could have done

The Reserve Bank should have announced another 50 basis point reduction in the repo rate after the meeting of its monetary policy committee recently. After making a strong case for a benign inflation outlook and indicating that inflation was likely to stay within the 3% to 6% boundaries of the target range over the next two years, the committee did an about-face, writes economist Basil Moore.

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/ 25 October 2004

The president without a capital

When Abdullahi Yusuf Ahmed was sworn in as Somalia’s new president earlier this month in Kenya, cautious optimism was expressed at the fact that a new chapter appeared to be opening for the embattled East African country. Diplomats and political analysts warn now that it is essential for Yusuf to return to the Somali capital, Mogadishu, as soon as possible to cement the legitimacy of his government.

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/ 25 October 2004

By any means necessary

When it comes to fixing elections, the Bush administration has a way of making the lame walk. With little more than a week to go to the presidential election, efforts to obstruct and deny the vote, particularly to African-American and Latino voters, are intensifying. In the 1960s, police dogs and billy clubs kept African-Americans from the polls. Today’s methods are more refined.

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/ 25 October 2004

Safa CEO quits

Albert Mokoena has quit his position as acting CEO of the South African Football Association (Safa). His resignation was announced by acting Safa president Reuben Mahlalela on Monday. Mokoena has been the subject of media reports concerning his personal life and allegations that charges of intimidation had been laid against him.

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/ 25 October 2004

Why the US must not re-elect Bush

I have never been heavily involved in partisan politics, but these are not normal times. President George W Bush is endangering the United States and the world’s safety while undermining American values. For opposing him, I have been demonised by the Bush campaign, writes George Soros.