What is the new problem of the so called "Bangla Desh"? Is it a real revolt of the East Pakistanis against the West Pakistanis or is it rather a strife between India and Pakistan? These are some of the questions arising from the Indo-Pakistan conflict.

With banking sectors worldwide still suffering from the effects of the financial crisis, public discussion of plans to place toxic assets in one or more bad banks has gained steam in recent weeks. The following paper presents a plan how governments can effi ciently relieve ailing banks from...