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Suez, of course, built the Suez Canal, but after the seaway was nationalized by Egypt in 1956, the company became largely a financial operator. It was nationalized in turn by the Socialist government of François Mitterrand in 1982, a disastrous move that was reversed in 1987, one year before the company got a big piece of Belgium's electricity industry through a merger with the Société Générale de Belgique. Lyonnaise, for its part, had been shorn of its gas and electricity assets by France's nationalization efforts in 1946. The two merged completely...

Author: /time Magazine | Title: A Thirst for Growth | 3/16/2007 | See Source »

Fort Campbell is a long way from the island in the Thar Thar Canal, north of Baghdad. But a court-martial at the U.S. military base, which straddles Kentucky and Tennessee, has begun to examine in detail what happened in that Iraqi locale in May 2006, with polarizing consequences for the way Americans perceive the way the war is being waged...

Author: /time Magazine | Title: An Army Murder Trial Begins | 3/14/2007 | See Source »

...question at the heart of Girouard's case is whether he ordered three Iraqi men killed during a raid last May in the Thar Thar Canal. During the raid, soldiers took four men captive. Shortly before the soldiers were supposed to pull out, three of the detainees were allegedly shot by two soldiers in Girouard's squad, Corey R. Clagett and William B. Hunsaker. One of the three Iraqis who did not die right away was allegedly shot point-blank by another soldier, Juston R. Graber, in what's been described as a mercy killing. Initially, squad members claimed that...

Author: /time Magazine | Title: An Army Murder Trial Begins | 3/14/2007 | See Source »

...worst in recent memory-and blame is falling on the city government for failing to make infrastructure fixes that might have prevented the devastation. Waterways like central Jakarta's Ciliwung River routinely overflow in heavy rains, despite government pledges to clean them up. Work on a floodwater canal in East Jakarta has dragged as residents complain about poor land compensation. And unchecked development is eroding green areas critical to absorbing rainfall: a former catchment area in Kemang, South Jakarta, now an expat enclave, saw its worst flooding in years last week. "If there is no change in policy, the problem...

Author: /time Magazine | Title: Foreseeable Floods | 2/8/2007 | See Source »

...used U.S. troops to suppress the fledgling Philippine republic in 1898, said he had prayerfully searched his soul before deciding it was his duty to "civilize and Christianize" the Filipinos. Theodore Roosevelt, who encouraged an insurrection in the Colombian province of Panama so that he could build a canal through it, liked to consult with Attorney General Philander Knox about the legality of his various aggressions, but Knox was not the sternest of critics. "Ah, Mr. President," he asked on one occasion, "Why have such a beautiful action marred by any taint of legality?" When Roosevelt yearned to seize...

Author: /time Magazine | Title: Essay: The Devilish Doctrine of Deniability | 1/26/2007 | See Source »

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