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Reluctantly, almost insolently, on Aug. 16, Russia said it would withdraw its tanks and troops from the parts of Georgia it had overrun so swiftly just a few days before. Under the cease-fire agreement, Russian columns are expected to pull back behind preconflict lines of control. But amid reports of further incursions into Georgia, Russia is taking its own sweet time in complying. With tanks still rumbling along roads lined with ruins, the status quo in this part of the Caucasus is gone for good, crushed by the force of arms...

Author: /time Magazine | Title: The Moment: Georgia | 8/21/2008 | See Source »

Aiding Africa In your article "Pain Amid Plenty," you write that this year the U.S. will give more than $800 million to Ethiopia: $460 million for food, $350 million for HIV/AIDS treatment and $7 million for agricultural development [Aug. 18]. To put that amount of money in perspective, let's take a look at what we are currently spending on the war in Iraq: $100 billion a year, or $8 billion a month, which is $275 million a day. So we spend the equivalent of our entire foreign aid to Ethiopia for one year in less than three days...

Author: /time Magazine | Title: Inbox | 8/21/2008 | See Source »

Credit cards. Retirement funds. Home equity. All should be last resorts for families seeking funds to pay for college. But amid the current credit squeeze, a new poll indicates many parents and students are making these less-than-brilliant financial moves to pay for tuition...

Author: /time Magazine | Title: Putting College Tuition on Plastic | 8/20/2008 | See Source »

...military has opted to retreat from running the government in the face of overwhelming public opposition to Musharraf amid economic turbulence and mounting pressure from the West over Pakistan's role in enabling the Taliban resurgence in Afghanistan. It leaves the job of governance to a cast of political leaders for whom the military brass holds a well-established contempt, but nobody doubts that if the military's red lines are crossed, it always has the option of installing a new man in khaki. The military may have already signaled the limits on acceptable civilian authority last month, when Prime...

Author: /time Magazine | Title: Why Musharraf Failed | 8/19/2008 | See Source »

...emergency and dismissing the supreme court. The middle class had also turned decisively against Musharraf. By declaring a state of emergency, he provoked a confrontation that he was never likely to win, and in February the electorate handed down a stunning rebuke by denying his party a parliamentary majority. Amid a mounting domestic crisis, the military could not afford to remain tied to a leadership as unpopular as Musharraf's had become...

Author: /time Magazine | Title: Why Musharraf Failed | 8/19/2008 | See Source »

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