Word: isi
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...RETURN OF RISK AVERSION After Greenspan's rate signal, speculative investments like emerging markets and small stocks stumbled. "This may be the inflection point, where investors decide that risk is no longer a one-way bet," says Tom Gallagher, an analyst for ISI Group. Last year stocks of companies that lost money rose 132%, while those of companies that posted a profit rose just 43%. Rising rates have a way of dampening speculation and should bring safety (and sanity) back into focus. So stick with blue chips that pay a dividend. The Dodge & Cox Stock Fund is a long...
...difficulty of redirecting the army toward moderation is illustrated by Musharraf's struggle to reform Pakistan's powerful internal-security apparatus, Inter-Services Intelligence (ISI), once the Taliban's No. 1 ally. These days, says a Western diplomat in Islamabad, the ISI's top brass carries out Musharraf's bidding, but some of the lower-echelon officers seem to retain ties--ideological and financial--with their former Taliban proteges. Says this diplomat: "At some level, these guys see the Taliban as an insurance policy for what happens next in Afghanistan...
...Taliban-controlled Afghanistan. As Levy points out, Sheikh operated freely in Pakistan, living openly with his wife and son, even though he worked with Jihadist groups who may have had connections to Osama bin Laden. Through these and other associations, Levy also infers that Sheikh was connected to the ISI. And he questions why Pakistani officials announced Sheikh?s arrest only a week after he had actually turned himself in - at about the same time that Pakistan?s President Pervez Musharraf was visiting Washington...
...article in the Journal alleging that Dr. Bashiruddin Mahmoud, one of the fathers of the Pakistani bomb, had discussed nuclear weapons with Osama bin Laden. Pearl didn?t break that story; it had been widely reported. Nonetheless, Levy writes: ?One can imagine that (Pearl) was establishing the list of ISI superior officers who...were willing to close their eyes to a technology transfer to terrorist groups...
...Colleagues and Pakistani fixers who had worked with Pearl in Karachi, Rawalpindi and Bahawalpur deny that the Journal correspondent has been working on a story about Pakistani nukes. And while the ISI may well have been linked with the Kashmir-focused terrorist group Jaish-e-Mohammed, to which Sheikh belonged, it?s a stretch to extrapolate from there that the ISI backed or ordered Pearl?s killing. For one thing, sources say, it?s not the ISI?s style to hire hire Yemenis or Arabs, the nationalities of the accomplices, to do the job. And if the ISI didn...