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...false hope or the beginning of the market's turn? To get answers, TIME's John Curran spoke with Jim Paulsen, chief investment strategist at Well Capital Management...
...Says Lars Christensen, chief emerging markets analyst at Danskebank: "If this serious crisis is allowed to run its course without outside intervention, it could be near catastrophic for the region and the impact on the Western European banking system is significant...
...response of the Bush Administration to the attacks of 9/11 was to invade Iraq. Another was to order up a new fleet of hyper-secure helicopters to transport the Commander in Chief - out of concern that a President borne by the current generation of choppers could be cut off from the rest of the world. But like the war in Iraq, the new helicopters are taking much longer, and costing far more, than originally anticipated. As President Barack Obama winds down the war, it's looking increasingly likely that he'll also end the Pentagon's four-year effort...
...charges over their heads, Uribe convinced dozens of these warlords to turn themselves in and demobilize their troops. Those who cooperated and confessed were eligible for light sentences. But soon these death-squad leaders began implicating political allies of the President, including lawmakers, army officers, the government's spy chief and even Uribe's cousin, who was forced to resign from the Senate. (The spy chief and Uribe's cousin were both charged with conspiring with the paramilitaries.) In what was widely interpreted as a move to halt the embarrassing revelations, Uribe in one fell swoop dispatched 14 top paramilitary...
...written system to oral and accusatory trials similar to those in U.S. courts, making it harder for narcos to manipulate the proceedings. Still, many law-enforcement experts vigorously defend extradition as narco-traffickers now try to rig the system in more subtle ways. Last year, Guillermo Valencia Cossio, chief government prosecutor for Medellín and the surrounding Antioquia state - and brother of Colombia's Justice Minister - was indicted for allegedly collaborating with a powerful drug baron. He was charged with conspiring with a drug baron and is under house arrest...