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...entrepreneurs in Africa. "It saddens me when I come to a place where you have a big oil-driven generator sitting on top of a geothermal field and you're paying three or four times the cost [for energy]," says Thoroddsson, the former CEO of Reykjavik Energy's investment arm...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

Witness Islamabad's response to India's call for the chief of Pakistan's Inter Services Intelligence (ISI) organization to visit India to assist the investigation. The ISI is an arm of the Pakistani military that has long cultivated jihadist groups ranging from the Taliban to Lashkar e-Toiba (LeT), prime suspect in the Mumbai massacre. Pakistan's government immediately announced that Lieutenant General Ahmed Shujaa Pasha would fly to India to comply with New Delhi's request. A day later, however, Pakistan changed its tune - reportedly following a midnight meeting between army chief General Ashfaq Kiyani, on one side...

Author: /time Magazine | Title: After Mumbai, Can the US Cool India-Pakistan Tension? | 12/4/2008 | See Source »

...would it easily believe that Pakistan's security establishment, despite its promises to Washington, has entirely renounced jihadist proxy warfare against India. Following the December 2001 attack on India's parliament by LeT militants that brought the two countries to the brink of war, Washington twisted Pakistan's arm to crack down on some of the groups it had cultivated. The LeT was even banned in Pakistan (it had to be, since the U.S. had added it to its list of international terrorist organizations) and many of its members were arrested. But most were simply released, and LeT continues...

Author: /time Magazine | Title: After Mumbai, Can the US Cool India-Pakistan Tension? | 12/4/2008 | See Source »

...addition, GM had several strikes against it going into November. Its financial problems were well known, so customers may have been worried about a potential bankruptcy and stayed away. Also, GMAC, GM's finance arm that provides credit to car buyers and dealers is practically out of money itself. It has stopped financing leases and lends money only to the most creditworthy customers. A year ago, GMAC provided financing for nearly half of GM's retail sales. Today that figure...

Author: /time Magazine | Title: Even with a Bailout, GM's Profit Prospects Look Bleak | 12/3/2008 | See Source »

...Pakistan, including the notorious don of Mumbai's underworld, Dawood Ibrahim, as well as the chiefs of anti-Indian extremist groups Jaish-e-Mohamed (JeM) and Lashkar-e-Toiba (LeT). Pakistan has yet to accede to these demands, though it has called for the formation of a joint investigative arm to ferret out terrorists who plague both nations. U.S. Secretary of State Condoleezza Rice is due to land in New Delhi on Wednesday in a show of support for India's fight against terrorism. "What we are emphasizing to the Pakistani government," she told reporters in London on Monday...

Author: /time Magazine | Title: Will Mumbai Chill the India-Pakistan Thaw? | 12/2/2008 | See Source »

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