Word: analysts
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...police are not trained to tackle terrorism," says independent security analyst Ayesha Siddiqa. In the capital, Islamabad, which has seen some two dozen bombings in recent years, including the spectacular 2008 attack on the Marriott hotel, the police role has largely been to protect VIPs, she says. "Now they have to deal with a major threat, but have no expertise." Relative to the size of the population, the police are understaffed. And they enjoy little public confidence amid widespread allegations of venality. Other problems listed by Siddiqa include a lack of coordination between various intelligence agencies, poor...
...Bank analyst John McDonald of Wall Street firm Bernstein Research says most people are focused on how the lack of loans will hurt bank earnings. Lending is, after all, how banks make money. But in the past year or so, banks have had to sock away more and more cash into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom...
...This is a real kick in the teeth," says Kenneth Pollack of the Brookings Institution, a former CIA analyst. "You have to understand that the CIA considers Afghanistan its most successful arena. This is where the CIA believes it has won two wars, in 1989 and 2001. So this has to challenge a lot of assumptions." As a result, there will be two immediate and contradictory reactions to the attack. The more overt will be a flash of spook machismo. A published comment from a CIA official included this threat: "Last week's attack will be avenged. Some very...
...This is a real kick in the teeth," says Kenneth Pollack of the Brookings Institution, a former CIA analyst. "You have to understand that the CIA considers Afghanistan its most successful arena. This is where the CIA believes it has won two wars, in 1989 and 2001. So this has to challenge a lot of assumptions." As a result, there will be two immediate and contradictory reactions to the attack. The more overt will be a flash of spook machismo. A published comment from a CIA official included this threat: "Last week's attack will be avenged. Some very...
...political reconciliation between the central government and the Houthis. Not all is grim. With the right incentives, tribes in al-Qaeda areas could be induced to turn against the extremists, along the lines of the Sunni awakening in Iraq, according to Najeeb Ghallab, a Sana'a University political analyst. "The situation is moving from bad to worse," he says, "but there's a golden chance to save Yemen if it sparks reform...