Word: centralization
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...your garage. Sure, industrial pumps, valves and seals aren't exactly sexy, but if you've owned parts-maker Flowserve over the past decade, you're probably happy with your 499% return. At the other end of the spectrum, only two media companies make the list - broadcaster Central European Media Enterprises and comic-book-based Marvel Enterprises (which Disney is buying). For the most part, companies that go head to head with an Internet full of free entertainment and information don't make the biggest bucks...
Long before the fall of the Berlin Wall and the revolutions that transformed Central and Eastern Europe, Corazon Aquino led the People Power revolution, which toppled the Philippine dictator Ferdinand Marcos. His ouster after the infamous snap election of 1986, for which I was a U.S. observer, led TIME to name her Woman of the Year. Her presidency survived eight coup attempts as she patiently restored constitutional democracy to her country, where she died a revered figure. But her legacy was global. For the U.S., it marked the start of the Reagan doctrine to oppose authoritarianism of the right...
...regardless of who did what, a primary target in the attacks - Qasim al-Raymi, the al-Qaeda leader who is believed to be behind a 2007 bombing in central Yemen that killed seven Spanish tourists and two Yemenis - is still at large. And reports of a U.S. role, and mass civilian casualties at the sites of the attacks, have sparked a public outcry and added to anti-American sentiments across the country. "They missed that individual," says Johnsen of the targeted al-Qaeda chief. "And at the same time, they ended up killing a number of women and children...
Jewish groups, who still remember John Paul II's historic efforts to open dialogue across religious boundaries, were furious at the Vatican announcement. Benedict's planned visit next month to Rome's central synagogue is officially still on, but Italy's Jewish leaders are upset by the news. It follows a string of perceived slights and slip-ups by Benedict, including his bringing back into the fold followers of the movement founded by arch-traditionalist French Archbishop Marcel Lefebvre. A speech the Pope gave in May at Jerusalem's Holocaust memorial also left many Jews disappointed at its vagueness about...
...Lanka's treatment of the Tamil minority is a central issue in the election. During the last months of war, the government had restricted nearly 300,000 Tamils who fled the fighting to detention camps. Under intense domestic and international pressure, Rajapaksa announced on Dec. 1 that the 130,000 people still in the camps would have limited freedom to leave. The opposition parties have taken up the cause of these internally displaced people, or IDPs, and Fonseka says the government should give them complete freedom of movement: "If they handled the situation properly, we would have been...