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...took another step toward independence this month when the U.N. failed to negotiate a settlement between the two sides before a Dec. 10 deadline. Differences between Kosovo's ethnic-Albanian majority and Belgrade, which opposes full independence for the province, proved too great to bridge. So too did the gulf between the West and Serbia's traditional ally Russia over the region's future...

Author: /time Magazine | Title: Kosovo's Ghosts | 12/13/2007 | See Source »

...might have to be sold off at fire-sale prices just to keep the company sufficiently capitalized. But on Nov. 26, New York-based Citi was handed a lifeline by an unlikely rescuer. The Abu Dhabi Investment Authority, a $625 billion sovereign wealth fund run by the tiny Persian Gulf emirate, announced it was forking over $7.6 billion to take a 4.9% stake in the company. While Citi still faces difficulties, the cash infusion helped stabilize its plunging stock price and signaled to rattled markets that money was available to help subprime victims survive the turmoil...

Author: /time Magazine | Title: The Wealth of Nations | 12/6/2007 | See Source »

Before you begin reading this, please have before you on screen, paper, or wall, a reliable full-scale map of the Middle East, one stretching from Morocco to Afghanistan, from the Caspian Sea to the Gulf of Aden. You will note that the territory covering 5.25 million miles belongs to states of the Arab League—18 independent Arab states and three part-Arab Muslim states, Mauritania, Somalia, and Djibouti. There is one holdout in that hegemony: Along the Mediterranean, south of Lebanon, east of Egypt, and west of Jordan, is the 8,000 square mile Jewish state...

Author: By Ruth R. Wisse | Title: How Much Land is Enough? | 12/3/2007 | See Source »

...election promises was to pull Australian troops out of Iraq. But not all of them, and not right now. Instead, Rudd has said he will "begin negotiations with the Americans and Iraqis" on the withdrawal, in mid-2008, of one-third of the Australian troops in Iraq and the Gulf. A thousand will remain, to the dismay of Labor's antiwar left wing, and more may be sent to train Iraqi soldiers in Jordan or Oman. Rudd will consider sending more troops to join the 1,000 in Afghanistan...

Author: /time Magazine | Title: Balancing Act | 11/29/2007 | See Source »

...took the Howard position: a Labor government would not ratify Kyoto II unless it required China and India to limit their emissions. On Iraq, Rudd has moderated Labor's earlier "pull-out-now" policy. He says he will bring home the 1,400 Australian troops in Iraq and the Gulf gradually, in a "negotiated, staged withdrawal." He is prepared to send more troops to Afghanistan...

Author: /time Magazine | Title: A New Face for Australia | 11/24/2007 | See Source »

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