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...amassed thanks to the soaring energy prices of the past few years. Its biggest banks, all of them state-controlled, appear to have largely avoided the toxic assets that have been the downfall of so many of their counterparts in the U.S. and Western Europe. Yet Russia has been caught unawares by the domino effect of the financial crisis because of its unhealthy overdependence on oil, gas and metals, which account for more than three-quarters of export earnings. The collapse in energy and commodity prices since this summer is exposing Russia's fragility: the boom, it turns...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...stationed in Minnesota. "A drawdown would be good, as it would make the average Kashmiri feel at ease," says Zarief Ahmed, a retired government official now involved in social work. "When you have so many soldiers and policemen on all sides, it reminds you of the vulnerability you are caught...

Author: /time Magazine | Title: Can India and Pakistan Lower Tensions Over Kashmir? | 12/11/2008 | See Source »

...Developed a reputation for tenacity and creativity, once using a Civil War-era sedition statute to win his case against Egyptian cleric Sheik Omar Abdel-Rahman following the 1993 World Trade Center bombing. (Afterward, Abdel-Rahman and his attorney were caught on tape discussing how "evil" Fitzgerald...

Author: /time Magazine | Title: Patrick Fitzgerald | 12/11/2008 | See Source »

...undergone stomach stapling to lose more than 50 lb. His most serious challenge, however, has been to establish a political identity for himself separate from his famous father. Earlier this year, he publicly criticized his father after the elder Jackson made a crude comment about Obama that was caught by a TV camera. Even during Wednesday's press conference, the younger Jackson tried to distinguish himself from his father, saying it was Obama who inspired him. "I got the idea that if a skinny kid with a funny name could be President of the United States, then a short...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

...Karzai. Helmand province is mostly desert, but it produces half the world's opium supply along a narrow strip of irrigated land that straddles the Helmand River. The drug trade - Afghanistan provides more than 90% of the world's opium - permeates everything. A former governor, Sher Mohammed Akhundzada, was caught with nine tons of opium, enough to force him out of office, but not enough to put him in jail, since he enjoys - according to U.S. military sources - a close relationship with the Karzai government. Indeed, Akhundzada and Karzai's brother Ahmed Wali - who operates in Kandahar, the next province...

Author: /time Magazine | Title: The Aimless War: Why Are We in Afghanistan? | 12/11/2008 | See Source »

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