For the PLA, anti-missile systems, Aegis-class guided-missile cruisers, near-top-of-the-line F-16s fitted out with the latest air-to-air missiles, "over-the-horizon" long-range radar - all of this equipment is either in Taiwan, on its way or "under consideration" - are threats that can be coped with militarily.

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Waterfalls and fjords carve dramatic shapes along the shore, the Chugach mountain range studding the horizon with snow-covered peaks.

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So although there are azure skies on the distant horizon, in the short range the airspace is getting crowded with new competitors and new planes, and there may not be enough business to keep them all flying.

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But closer examination of the international environment also reveals that leadership vacuums are beginning to emerge on a wide range of critical issues looming on the horizon.

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More recently, the equity has stagnated in the upper half of this trading range, suggesting a pullback could be on the horizon.

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Mr Rogan manoeuvres with skilful assurance, maintaining a steady pace through time, and keeping the wider horizon in view even as he makes use of a broad range of judiciously chosen primary sources to enrich the narrative.

ECONOMIST: The history of the Arabic-speaking peoples

The discussion addressed also a range of issues, including reinforced action to improve the quality of education at the horizon of 2015 and the post-2015, the need to find innovative ways to reach students from nomadic communities, the Organization's continued support to the reform process of the STI system as well as the African Liberation Heritage's programme.

UNESCO: MEDIA SERVICES

These are nice trades if we stay in a range, but you must take in to account all the things that are on the horizon that are both market movers and company specific movers that could move this stock quickly one way or the other.

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