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...there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment banking. In 2006, trade publication the Banker named Verme one of the top 10 movers and shakers in the Latin American business. It was big news in banking circles when Citi tapped Verme for Dubai. (See the best business deals...
...sexual orientation did not emerge as a campaign issue before the Nov. 3 mayoral election among four candidates. But it did prompt attacks before the runoff against Gene Locke, a former city attorney. A group of African-American pastors criticized her supposed "gay agenda," and a conservative activist distributed flyers featuring her and her partner and asking, "Is this the image Houston wants to portray?" But the attacks did not find traction; a Houston Chronicle/Zogby poll found that Parker's sexuality mattered to just 18% of likely voters...
...FARC, having been seriously weakened by Uribe's military drive against them, have increasingly begun to refine cocaine in Ecuador rather than just smuggling it. Ecuadorian police have discovered numerous drug labs near the borders with Colombia and Peru as well as on farms deep inside the South American country, including one just west of the capital, Quito. René Vargas Pazzos, a retired general and former ambassador to Venezuela, rented a farm to a FARC commander, the report says. As a result, Huerta warned that Ecuador faces the same corrosive influence from the drug trade that neighboring Colombia...
...favored hunting ground of extremists and propagandists is a myth too. Since 9/11, law enforcement and national security agencies have maintained a close scrutiny of Muslim places of worship; equally, Muslim community leaders have grown more alert for any radical preaching. As a result, terrorist groups seeking American recruits now tend to propagandize mainly online. This also means that relatively wealthy Muslims are much more likely than poorer ones to be exposed to extremist views. "You need a computer, an Internet connection - poor Muslims don't have that kind of access," says Stewart...
...embrace the propagandists' argument that the wars in Iraq and Afghanistan, and U.S. policies elsewhere in the region, are part of an assault on the global community of Muslims. "The narrative - that America is at war against Islam - works for people from all classes," says Steve Emerson, author of American Jihad: The Terrorists Living Among Us. He points out that even many of the 9/11 hijackers had been highly educated. (See pictures of the battle against the Taliban...