Word: interims
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Meyer is currently in search of the right person to place in the spot vacated this summer by Jeffrey B. Larson, who managed foreign equities for the University. In the interim, a conspicuous cluster of desks on the trading floor, where Larson and his staff of 14 used to work, lies empty in their absence. Larson left the management company this summer to start his own hedge fund, Sowood Capital, backed in part by Harvard’s money...
...than make the Sunni triangle secure for democracy, the assault on Fallujah may instead inflame Sunnis and scatter insurgents across a wider area, which could scuttle hopes of broad Sunni participation in the voting. The Iraqi Islamic Party, the largest Sunni political party in Prime Minister Iyad Allawi's interim government withdrew last week, saying it could not abide the attack on Fallujah. Meanwhile, the influential Association of Muslim Scholars, a Sunni group, has called for a total boycott of the elections. The association's leader, Harith al-Dhari, told TIME he was "very close to calling for jihad" against...
...against which the those insurgents who stood and fought had no chance of surviving. U.S. forces retook the city at a cost of 38 casualties against the upward of 1,000 insurgents they claim to have killed. The number of civilian casualties remains unknown - the U.S. military and Iraqi interim government insists the number is negligible, but media sources suggest there may have been substantial numbers of Iraqi civilians killed and wounded, whose fate will be known once the fighting ends and the media and aid workers gain access to the city...
Expectations for the January elections may also have been raised too high. The vote, after all, is just the start of a tortuous process. Iraqis are choosing 275 members of a National Assembly that will name an interim President and two deputies; they, in turn, will pick a Prime Minister and the Cabinet. The assembly's main job is to draft a constitution that will set permanent rules for Iraq's democratic system and usher in another round of voting by the end of 2005. The constitution must be put to a referendum by October. If it is rejected...
Iraq, by most accounts, continues to disintegrate. In the week before the U.S. election, an Iraqi national security aide to interim Prime Minister Iyad Allawi allowed that 5% of the recently trained Iraqi troops were probably terrorist infiltrators. "I love David Petraeus," a retired four-star general told me, referring to the U.S. officer in charge of training the Iraqi force. "But you can't train a soldier in six weeks. And you can't motivate a soldier who doesn't have a real government to fight for. It might change for the better if we can hold credible elections...