By acting now, they could exit the downturn stronger than they entered it.

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By acting now, Pangilinan is trying to make sure First Pacific will not go the way of Peregrine, the aggressive Hong Kong investment bank that went belly up this month.

CNN: ASIA ON HIS MIND

The agency is now run by an acting commissioner, Steven Miller.

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Mr Shah has been replaced by an acting chief justice, and for now Mr Sharif can go to bed unworried that the judiciary will have his head next morning.

ECONOMIST: The riddle of Pakistan | The

We know well by now that although big foundations, just like governments, can do good by acting on a large scale, they can also, just like governments, become bogged down by bureaucracy and waste.

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Far from being the force for change envisioned by Samuel Huntington and other advocates of modernization theory, the middle class in many young democracies is now actually acting as a brake on change.

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