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...unwieldy coalition between bitter enemies: the PPP and the Pakistan Muslim League-N, led by former Prime Minister Nawaz Sharif; the two parties traded power three times in eight years before Musharraf put an end to their bickering by overthrowing Sharif in a 1999 coup. Their power-sharing agreement, formed out of a common desire to oust Musharraf, is now riven over how to accomplish that. Musharraf, meanwhile, has been reduced to a largely ceremonial role as President. Says Masood: "The people are disappointed with the leadership and they are losing faith in democracy...

Author: /time Magazine | Title: Dangerous Ground | 7/10/2008 | See Source »

...companies yearning to cash in on Russia's immensely lucrative energy boom, there's an obvious business lesson: choose your partners carefully. The moment a lock-in agreement blocking either side from selling out expired in December, the competing interests of BP and AAR looked set for a collision. Oil giants like BP are used to investing for the long term, knowing that patience is key in this capital-intensive business. AAR would like a faster return. Both sides might have done better, in fact, if one had taken overall control. Indeed, Putin recently recalled warning...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

...addition, Harvard entered into a binding agreement with Massachusetts last September to keep its future carbon emissions from its Allston campus at just 30 percent of the national standard for a similar project. In exchange, Harvard will be able to seek approval for each individual project instead of for the entire campus, thus potentially speeding regulatory approval for some of the construction...

Author: By Paras D. Bhayani, CRIMSON STAFF WRITER | Title: In Aggressive Move, Harvard Outlines Significant Cuts to Carbon Emissions | 7/9/2008 | See Source »

...missile-bound game of nuclear tic-tac-toe continued across the Middle East and Europe Wednesday as Russia made a provocative response to an expansion of the U.S. missile shield in Europe, and Iran followed with a provocation of its own. After the U.S. and Czech Republic signed an agreement calling for the basing of a U.S. radar south of Prague, Moscow responded with a threat of unspecified "military" action if the system is ever deployed. Then, less than 24 hours later, apparently responding to increasing chatter from the U.S. and Israel about attacking Tehran's nuclear production sites, Iran...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

Moscow lobbed the verbal missile toward Washington after Secretary of State Condoleezza Rice and her Czech counterpart, Karel Schwarzenberg, signed an agreement in Prague for the radar's move, which the U.S. says is designed to warn of missiles headed toward Europe from Iran. "We face with the Iranians, and so do our allies and friends, a growing missile threat that is growing ever longer and ever deeper and where the Iranian appetite for nuclear technology to this point is still unchecked," Rice said after inking the pact. "It's hard for me to believe that an American President...

Author: /time Magazine | Title: Saber-Rattling from Iran and Russia | 7/9/2008 | See Source »

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