"Miracle" workers

International | Asia's extremity another excuse for government remedy | Mindy Belz

In the flurry of effort to rescue Asian economies ravaged by currency devaluations, the line of ambulance chasers gets longer every week. Financier and currency speculator ad libitum George Soros arrived on the scene with his own bailout plan shortly after the International Monetary Fund and the World Bank announced their multibillion-dollar remedies. Deputy Treasury Secretary Larry Summers and Defense Secretary William Cohen simultaneously toured separate countries in the region earlier this month to communicate official U.S. worries and emphasize the strategic importance of East Asia's once-roaring financial markets. Even as international efforts redouble to prevent widespread deflation or even depression, insiders are questioning if they have the right vehicles for change.