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...Vietnam, we are not facing a broad-based popular insurgency. And most importantly, unlike Vietnam, the American people were viciously attacked from Afghanistan and remain a target for those same extremists who are plotting along its border. To abandon this area now - and to rely only on efforts against al-Qaeda from a distance - would significantly hamper our ability to keep the pressure on al-Qaeda and create an unacceptable risk of additional attacks on our homeland and our allies...

Author: /time Magazine | Title: Full Transcript of Obama's Speech | 12/1/2009 | See Source »

...result, America will have to show our strength in the way that we end wars and prevent conflict. We will have to be nimble and precise in our use of military power. Where al-Qaeda and its allies attempt to establish a foothold - whether in Somalia or Yemen or elsewhere - they must be confronted by growing pressure and strong partnerships...

Author: /time Magazine | Title: Full Transcript of Obama's Speech | 12/1/2009 | See Source »

...years ago, an adviser went to Sheik Mohammed bin Rashid al-Maktoum with a plan for a tall office building. "Only 90 stories?" the ruler of Dubai asked. The aide was sent back to the drawing board, with instructions to design the highest structure not just in Dubai, not just in the Middle East, but in the world. When the Burj Dubai has its grand opening in January, it will be an 818-meter monument to the visionary autocrat who dreamed the Dubai dream - and, as it turns out, a conspicuous symbol of the hyper-ambition that now threatens...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...curtain of oil wealth or dabbling, sometimes disastrously, in Middle East politics, Sheik Mohammed began transforming oil-poor Dubai from an Arab backwater into a global city. Within a decade Dubai had a world-class air carrier in Emirates Airlines and a glamorous, iconic "seven-star" hotel, the Burj al-Arab, as high as the Eiffel Tower. Within another decade, Dubai had become truly a global hub - the largest international financial center between Singapore and Europe, a regional headquarters for global brands from investment banking to bespoke tailoring, and a destination for more than 6 million tourists a year...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...Sheik Mohammed will certainly look again to Abu Dhabi, whose vast oil deposits make it by far the richest U.A.E. entity. It stepped up with $10 billion in support immediately after the global crash in 2008 and can be expected to do so once more; Abu Dhabi's ruling al-Nahyan family, as cautious as the al-Maktoums are daring, knows that it, too, will be dragged back by the demise of Dubai. A glance at the $600 billion-plus balance sheet of Abu Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

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