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...Economic Pearl Harbor.' WARREN BUFFETT, investor, describing the nation's financial crisis, after purchasing $5 billion in Goldman Sachs Group stock...

Author: /time Magazine | Title: Verbatim | 9/25/2008 | See Source »

...Britons harbor doubts about their politicians - and surveys suggest that they trust them only fractionally more than they trust tabloid reporters - then this week's annual conference of the governing Labour Party may have reinforced their skepticism. For the convocation of activists and career politicians in the northern English city of Manchester was choreographed to banish the one ingredient it purported to promote: public debate. On that measure, Labour scored a resounding success...

Author: /time Magazine | Title: Britain's Gordon Brown Fights for His Political Life | 9/23/2008 | See Source »

...India, whose foreign policy establishment is still reeling from the overthrow of Nepal's ancien regime and the political elites it had previously patronized. Though India helped vault Dahal into the limelight by forcing Nepal's monarchy into peace talks with his rebels, certain circles in New Delhi harbor a fundamental distrust for the Maoists as India reckons with its own ongoing Marxist-Leninist revolt. Ajai Sahni, a prominent analyst and the director of the Delhi-based Institute for Conflict Management, insisted before the April elections that "Nepal's Maoists have no intention of honestly participating in the democratic process...

Author: /time Magazine | Title: Nepal's New PM Makes the Rounds | 9/22/2008 | See Source »

...albeit little-known, international operations: an attack on two hotels in the port of Aden in 1992 that was aimed at U.S. troops bound for Somalia. Two people died, but neither was American. Better known was the group's strike in 2000 on the U.S.S. Cole in Aden's harbor, killing 17 U.S. servicemen. Three months before 9/11, Yemeni authorities arrested eight people in a plot to bomb the U.S. embassy in Sana'a. And only last March, there was a failed mortar attack on the embassy compound. Despite the deaths of Wednesday's attackers, the carnage at the embassy...

Author: /time Magazine | Title: In Yemen, a Massacre of Americans Is Averted | 9/17/2008 | See Source »

...among us would argue that our edicts are immortal, immutable, or even always pertinent. As our sitting attorney general once said: “Not every wrong, or even every violation of the law, is a crime.” If Mr. Mukasey’s mind can harbor such considerable doubt on the applicability of the law over which he nominally presides, the upstanding citizen must be permitted a degree of skepticism with regard to the more picayune demands of that same law (for example, speed limits, and the pettier larcenies). It may prove helpful to think...

Author: By James M. Larkin | Title: Against Speed Traps | 9/14/2008 | See Source »

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