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...Ivor Roberts, Britain's Ambassador to Italy, declared last September that the "best recruiting sergeant for al-Qaeda" was none other than the U.S. President, George W. Bush. With the American election entering its final furlongs, he added, "If anyone is ready to celebrate the eventual re-election of Bush, it is al-Qaeda." The remarks, made at an off-the-record conference, were leaked in the Italian press, and Sir Ivor, facing the displeasure of his Foreign Office masters for committing the sin of candor, disowned the comments. But now, as the soot settles in the London Underground...

Author: /time Magazine | Title: Rush Hour Terror: Viewpoints: Why Iraq Has Made Us Less Safe ... | 7/21/2005 | See Source »

...already unearthed a number of links between the bombers and al-Qaeda, which counterterrorism officials fear may have other cells standing by. Police and intelligence services around the world have joined the hunt. On Friday, Egyptian authorities detained Magdy el-Nashar, a biochemist trained at Leeds University who left Britain at least a week before the attacks; he may have had contacts with the Leeds bombers, though he denies having any involvement in the plot...

Author: /time Magazine | Title: Unraveling The Plot | 7/18/2005 | See Source »

...movements of the Leeds threesome go undetected? There are some 570,000 people of Pakistani descent in Britain, so despite efforts by both countries to keep an eye on the human ebb and flow, many trips raise no flags. A visit to relatives in Pakistan can easily be used as cover for something nefarious--or put an unsuspecting young man on a path he and his parents never planned. Ten thousand madrasahs are teaching Islam to more than 1.5 million students in Pakistan, including young Brits. A militant in Jaish-e-Muhammad, a group whose activists were responsible for suicide...

Author: /time Magazine | Title: Unraveling The Plot | 7/18/2005 | See Source »

...competitive American way. But as global competition grows, European firms are under pressure to trim costs. Private-equity transactions--in which investors buy up a company using substantial amounts of debt, overhaul operations, then sell out after a few years--have been common for years in the U.S. and Britain. They used to be the rare exception in continental Europe, where financial leverage has long been frowned on and relationships with investors were based on tradition. No longer...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

...commercial city of nearly 7 million people; Monte Carlo a town of just 16,000. Yet Monte Carlo is a metaphor for things that Hong Kong should stand for?quality, wealth, low taxes and a sort of independence. A more obvious comparison might be London, which, despite Britain's decline, has maintained its global status thanks to a multinational population and the determination of its financial markets to see the world as their hinterland...

Author: /time Magazine | Title: Hong Kong's Identity Crisis | 7/18/2005 | See Source »

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