Word: jannings
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...Pakistani Canadian, I read with great interest your coverage of Benazir Bhutto and Pakistan [Jan. 14]. While I offer sincere condolences on her untimely and fiery death, I must agree with William Dalrymple that her legacy is "mediocre." Far from being a martyr for freedom and democracy, she chose to live a life of luxury in self-imposed exile - in distant Dubai. Although she was Prime Minister of Pakistan twice, she did little to improve the conditions of the masses, particularly women and the poor. Jalaluddin S. Hussain, BROSSARD, CANADA...
...Many Sides of Mitt Re Joe Klein's "A Tale of Two Romneys": It sounds as if Mitt Romney has us all confused as to who the real Mitt is [Jan. 14]. I only hope it's bad advice from incompetent advisers and not the man himself. As a Democrat-leaning independent, I was willing to overlook Romney's Republican ways because of what he accomplished in private business, with the Utah Olympics and as governor of Massachusetts. An awareness of his father's untarnished reputation while governor in my home state also didn't hurt. But his seesawing pegs...
Leading Russia into the Future Since you acknowledge that person of the Year Vladimir Putin [Dec. 31, 2007-Jan. 7, 2008] has distinguished himself by "choosing order before freedom," I wonder why you didn't select President George W. Bush a third time for his choosing safety from terrorism before terrorists' rights [Dec. 31, 2007?Jan. 7, 2008]. No, TIME would much rather recognize a virtual dictator for his supposed achievements: violently suppressing dissent, crushing the free press and heading a regime that has been accused of murdering opponents and expropriating private property for the state. On the other hand...
...emergency rate cut on Jan. 22 shows just how anxious the Fed has become. The reduction by three-quarters of a percentage point was the deepest since October 1984. Bernanke concluded a big dose was needed, fast, to stem a virtual free fall in global stock markets. On Jan. 21 and 22, investors around the world went on a panicked selling spree that resulted in heavy losses. London's FTSE 100 index fell 5.5% on Jan. 21, while Hong Kong's Hang Seng Index fell more than 13% in two trading sessions; Mumbai's Sensex dropped more than 12% over...
...Shareholder's did what shareholders almost always do: they went for the highest bidder, on Jan. 8 voting to reject Singapore's overture. This cleared the way for CNAC to sweeten the pot. But while the vote may have seemed like the free market at work, the Chinese government isn't about to let the invisible hand shape its air travel industry. By green-lighting CNAC's $1.9 billion hostile bid, Beijing actually steered the proceedings toward what it really wants: by consolidating China's fledgling and fragmented airline industry, regulators aim to form a Chinese "supercarrier" capable of competing...