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...important obstacle to negotiating an acceptable compromise with the Taliban, however, is the fact that the insurgents - and a substantial part of the population - believe they're winning the war. That gives them no incentive to accept compromises offered by the government and the U.S. The purpose of the current U.S. "mini-surge" in Afghanistan, in fact, is largely to halt the Taliban's momentum, to create conditions, if not for victory, then for a stalemate in which growing numbers of fighters and commanders in the Taliban come to believe that they are unable to win on the battlefield...

Author: /time Magazine | Title: Does the U.S. Have an Exit Strategy in Afghanistan? | 8/3/2009 | See Source »

...right with the markets again. But last week's Shanghai surprise is a foretaste of what can happen if China's vaunted economic recovery turns out to be a dud. The country's better-than-expected GDP performance is one reason for the current view that the global economy is poised to resume growth, an optimistic reading that in turn is helping fuel investment rallies around the world. But stock markets anticipate the state of the economy and corporate earnings months in advance, so today's euphoria can turn into ashes if the reality falls short of expectations...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

...According to newspaper reports, Riina has said little and maintains his vow of omertà by offering few hard facts. But the old boss clearly wants to influence the current probe and has met with investigators, to whom he reportedly promised to provide more detailed testimony on both the Falcone and Borsellino cases...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

...Newsweek, Maziar Bahari, a Canadian citizen of Iranian descent, who said the foreign media helped cause the chaos following the vote. However, the regime's intentions can be seen from the array of political figures on trial, including several Deputy Ministers, a deputy speaker of parliament and many current advisers to opposition leaders. The regime is building a case against their bosses, some of the most powerful political figures in Iran...

Author: /time Magazine | Title: Iran's Show Trials: The Hard-Liners Build Their Case | 8/3/2009 | See Source »

...bazaaris are certainly unhappy with the current climate, which is bad for business. Tourism has almost vanished, with foreigners' visits to the enormous carpet section of the bazaar falling off sharply since June. But Iranians still fill the covered passages of the bazaar to buy everything from designer chadors to Chinese-made rice cookers. One shop owner estimated that about 70% to 80% of the bazaaris - owners, managers and workers - quietly sympathize with Mousavi. The remainder, though, loudly voice their support for Ahmadinejad. (See pictures of President Ahmadinejad...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

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