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Secretary of State Colin Powell flew to the Middle East last weekend in an effort to kick-start the U.S.-backed plan for Israeli-Palestinian peace. But its fate may depend largely on one leader Powell did not plan to meet: Yasser Arafat. The Palestinian chief last month grudgingly turned over power, at least in theory, to a newly installed Prime Minister, Mahmoud Abbas. But top Palestinian officials tell TIME that Arafat is still fomenting opposition to the new PM. Arafat met last week with several local leaders of the Palestine Liberation Organization's Fatah faction (to which Abbas also...
...billion by selling Bombardier's recreational-products division, which makes popular Sea-Doo watercraft and Ski-Doo snowmobiles. "We have taken the measures to ensure we will be ready when the business-jet market picks up." But as Merrill Lynch analyst Ronald Epstein points out, Embraer doesn't depend on business-jet sales, and it has invested heavily in regional-jet R and D during the market downturn. Though Embraer's 2002 revenues of $2.5 billion were less than a third of Bombardier Aerospace's, the smaller firm has captured more than a third of the regional-jet market after...
...name of his father and uncle, both legendary anti-Saddam clerics murdered by the regime, whose agitation for the creation of an Islamic state may be anathema to Washington. Involvement by the SCIRI and Dawa in the process help give it a strong Shiite presence, but much may yet depend on the response of the Hawza to the national assembly...
...Pisanu wants to reduce the influence of Arab and North African nations in Italy's Islamic community. "We want an Italian Islam," he told Time, "not an amalgam of mosques that operate as centers of prayer and political propaganda, and often depend on financing from foreign countries." Though most Islamic leaders back the initiative, Hamza Piccardo, a prominent Italian convert, is suspicious. "We would be coming from a position of weakness," he said. "There is no unifying voice, and our electoral weight is still not strong enough." That could position Pisanu as arguably the most powerful voice in Italy...
...billion by selling Bombardier's recreational-products division, which makes popular Sea-Doo watercraft and Ski-Doo snowmobiles. "We have taken the measures to ensure we will be ready when the business-jet market picks up." But as Merrill Lynch analyst Ronald Epstein points out, Embraer doesn't depend on business-jet sales, and it has invested heavily in regional-jet R. and D. during the market downturn...