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...your book is about the history of borrowing money. Any favorite episodes? Well, it's been a long road. During the Roman Empire, the first anti-usury law - and I think this says it all - was found in the Council of Nicea in the 4th century. It states that no clergyman could practice usury, so you can get a pretty good idea of what was going on then - lending to the flock. The odd part is, the Council of Nicea was also the council that confirmed the concept of the Trinity. Those are probably two of the most unlikely pieces...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

...Angeles City Council president, Eric Garcetti, however, thinks that Bratton's legacy will keep things in check. "Over half of the police officers in the department were hired while he was chief," says Garcetti. "So they've come up and come aboard with Bill Bratton as a chief that expects results in terms of crime fighting and also accountability in terms of community. His victories were never about one person...

Author: /time Magazine | Title: Why is Los Angeles Losing Its Police Commissioner? | 8/8/2009 | See Source »

...ground verification to be 100% sure. But according to my information, he has been taken out." Local Pakistani media, citing "tribal sources" in South Waziristan, are reporting that Mehsud's funeral prayers had been held and that the Tehrik-e-Taliban Pakistan's shura, or council, was meeting today to choose Mehsud's successor. (See pictures of the battle against the Taliban...

Author: /time Magazine | Title: Is Pakistan's Taliban Chief Dead? | 8/7/2009 | See Source »

Reports from Pakistan say the leadership council of the TTP, the umbrella organization of insurgent groups united under Mehshud, has already begun consultations on who should succeed him as the emir, or prince. It's unlikely the council will meet under one roof, for fear of being obliterated, like Mehsud, by a missile from a CIA-operated drone. This means the discussions will have to take place through proxies and go-betweens, substantially delaying the process. Even in the best of times, succession in tribal leadership is rarely smooth. There are invariably multiple contenders, and it is common for outside...

Author: /time Magazine | Title: Who Will Be Pakistan's Next Terrorism Chief? | 8/7/2009 | See Source »

...these men can't agree on the succession, there's always the possibility of a compromise candidate. In the past, a pair of maulanas, Habib Gul and Faqir Mohammed, have been regarded as important TTP leaders. If the leadership struggle is protracted, the TTP's shura, or council, will call in a moderator: the most likely candidate for that role is Mullah Omar, the one-eyed leader of the Afghan Taliban, currently hiding out near Quetta...

Author: /time Magazine | Title: Who Will Be Pakistan's Next Terrorism Chief? | 8/7/2009 | See Source »

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