The Southeast Asian nation of Myanmar, also known as Burma, is undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and appointed an ambassador there. And what comes next? Coca Cola.
GOP presidential hopeful Mitt Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.
Throughout the government's transitional period, the Egyptian pound remained stable because the government shored it up through foreign reserves. As those reserves reach dangerously low levels, concern is mounting that a major currency devaluation is imminent.
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