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...economics behind both deals is clear enough - and are so compelling from China's standpoint that there are likely more to come. Both Rio and Oz Minerals have been crushed by the global recession's effect on demand for what they produce. Both have seen their value plunge as a result, and now labor under enormous debt burdens. Rio's stock price peaked at $552 a share last spring, then fell to a 52 week low of $55. The stock last traded at $112 on the New York Stock exchange. Oz Mineral's stock price hit AU$0.55 when trading...

Author: /time Magazine | Title: China Buys Australia On the Cheap | 2/17/2009 | See Source »

...replied that LTTE robbed the machinery from them. The government’s position was further consolidated when the program officer of another NGO, called “ZOA,” stated that he would remain with the LTTE to fight against the government, thus disobeying the demand to move out of the rebel-held area...

Author: By Thrishantha nanayakkara | Title: Need for New Global Conventions | 2/17/2009 | See Source »

Government officials argue that by imposing Shari'a law, Islamabad is merely bowing to what is a popular local demand. The Swat Valley was traditionally a princely state that operated its own tribal system of governance until its merger with Pakistan in 1969. One of the factors that appears to have contributed to Fazlullah's ascent was his call for a return to a Shari'a-based system that offers swift justice and, therefore, relief from what many allege is Pakistan's venal police and court system. By stealing a march on Fazlullah, the government believes that...

Author: /time Magazine | Title: Pakistan's Shari'a Pact: Giving In to the Taliban? | 2/17/2009 | See Source »

...Islamic feminist movement has gathered strength and urgency over the past few years due to the rise of Islamic fundamentalism. Political Islam "has given women both the cause and the language to demand their rights and equality within an Islamic framework," notes Ziba Mir-Hosseini, an Iranian legal anthropologist at the School of Oriental and African Studies in London. "The Koran gives women equality, but women's voices were silenced after the death of the Prophet. Law is always man-made, and women's voices were not there when the law was formed. They were reduced to sexual beings...

Author: /time Magazine | Title: Muslim Women Demand End to Oppressive Laws | 2/17/2009 | See Source »

...Williamson has met these conditions, and so the Pope has restored him to his canonical rights. He may be silenced or prevented from exercising his episcopal office, but his communion with Rome is not in question. A false view on historical fact does not incur excommunication. Will those who demand Williamson’s “re-excommunication” now also enforce the Catholic Church’s policies against advocates of legal abortion...

Author: By Christopher B. Lacaria | Title: Dissent: Unfounded Criticism | 2/16/2009 | See Source »

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