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FROM RAHUL MAHAJAN AT EMPIRE NOTES:
"Earlier, growing street protests in Katmandu played a major role in forcing the king to capitulate and allow the restoration of some kind of democracy; this week, the Parliament has agreed to the Maoists’ demand to convene a constituent assembly that will rewrite the constitution, and could conceivably eliminate the monarchy. This ought to be as inspiring as anything that happened in 1776 or 1789, but somehow the Bush administration has been lax in congratulating the Maoists on their great victory for democracy – or in repudiating their giving of aid to Gyanendra to suppress his opponents."
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"Although foreign companies are mostly talking about suspending investment (at least one company, Shell, still wants to engage), if that capital strike begins to pinch, there is always the prospect of Venezuela coming to Bolivia’s rescue."
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