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...Even by the standards of the Israeli army, which makes every effort to retrieve its fallen comrades - dead or alive - from the battlefield, Shalit's fate has taken on extraordinary importance. Following his capture along the Israel-Gaza border in June 2006, Israel has launched three major incursions into Gaza, with one of the main goals being the rescue of Shalit. Instead, the offensives killed 18 Israelis and around 1,700 Palestinians - and Shalit remains in enemy hands. Hamas also has not allowed the Red Cross to visit Shalit in violation of the Geneva Conventions, and the last sign that...

Author: /time Magazine | Title: Hamas Releases Tape of Captured Israeli Soldier | 10/2/2009 | See Source »

Nevertheless winning the Games is a huge boost for Rio. The decision promises to transform a city that has fallen into disrepair and has been looking for a purpose since losing its capital city status in 1960 to the modernist built-to-order jungle metropolis of Brasilia. The massive investment will rejuvenate it. In fact, organizers and government administrators believe that every Brazilian real spent on the Games will generate three in profit...

Author: /time Magazine | Title: Rio Wins the 2016 Olympics: Now For the Hard Part | 10/2/2009 | See Source »

Since the acquisition, Bank of America's stock has fallen 50% and at one point went as low as $2.53. The problems at Merrill Lynch have turned out to be much bigger than Lewis originally thought. And at times, the Merrill-related losses have raised anxiety about the health of the entire bank. In January the Treasury Department announced it was injecting an additional $20 billion into Bank of America. In all, the government has spent $45 billion trying to stabilize the finances of the bank...

Author: /time Magazine | Title: The Rise and Sudden Fall of Bank of America's Ken Lewis | 10/1/2009 | See Source »

...during the financial crisis - particularly his bold takeover of Merrill Lynch in September 2008, which many critics believe was not worth the $50 billion price tag. Merrill went on to lose more than $15 billion in the fourth quarter last year; Bank of America's stock price has since fallen by half...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

...justified: to rid Afghanistan of a cruel, women-hating regime whose control over the country created a safe haven for a terrorist group that threatened the West. Even when they squabbled with Washington over Iraq, countries such as France and Germany stayed firm on Afghanistan. But public support has fallen over the years, and especially in the past 12 months. An August poll by French daily Le Figaro found that just 36% backed France's military's presence in Afghanistan. In July, a Forsa poll for German magazine Stern found that 61% of Germans want the country's military involvement...

Author: /time Magazine | Title: Afghanistan: Looking For the Way Ahead | 9/28/2009 | See Source »

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