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...happening as the chance of a lifetime," says a Pentagon officer--"a very rare opportunity for the U.S. to move directly against al-Qaeda and get these terrorists." Meles says, "U.S. air assets were used for bombing on two occasions." The first attack was on the night of Jan. 7, after U.S. special-operations forces picked up intelligence that Fazul and Aden Hashi Ayro--a notorious and ruthless Afghanistan-trained militia leader--were riding in a convoy close to Ras Kamboni. According to an Ethiopian officer who was present, a local herdsman was paid to walk past the convoy...

Author: /time Magazine | Title: Somalia on the Edge | 11/29/2007 | See Source »

...Minister Meles Zenawi told TIME this year. The Ethiopians invaded Somalia on Dec. 24, and the advance was a quick and bloody triumph. Meles' forces killed thousands of UIC fighters within days, captured Mogadishu and installed the internationally recognized government in exile, the Transitional Federal Government (TFG). In a Jan. 5 message, bin Laden's deputy, Ayman al-Zawahiri, urged Somalis to "consume" the "crusader" Ethiopians "as the lions eat their prey." But he was too late. Thousands of UIC fighters and refugees were streaming south from Mogadishu toward Ras Kamboni and Kenya...

Author: /time Magazine | Title: Somalia on the Edge | 11/29/2007 | See Source »

...Jan. 23, the U.S. struck again, close to the border with Kenya. (Though the nearest human habitation is the Somalian village of Waldena, GPS receivers show the strike site is just inside Kenya.) The wreckage of a convoy was plainly visible in June, with six 10-ton trucks flipped on their sides or backs and with shell casings and live rounds littering an area as big as three football fields...

Author: /time Magazine | Title: Somalia on the Edge | 11/29/2007 | See Source »

...risk of "generalized meltdown of the financial system of a severity and magnitude like we have never observed before." That sounds bad. But even if the damage is restricted to U.S. mortgage markets, a $2 trillion reduction in the supply of loans could still result, estimates Goldman Sachs economist Jan Hatzius...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

...team's progress. Staffers ring a silver bellhop bell whenever an organizer signs up a new precinct captain who has agreed to stand up and argue the candidate's case before friends and neighbors at one of the 1,784 caucuses that will be held across Iowa on Jan. 3. Since Obama's speech at the Iowa Democratic Party's Nov. 10 Jefferson-Jackson dinner - his most acclaimed performance since the 2004 National Convention address that made him a celebrity - the bell has dinged more than 233 times...

Author: /time Magazine | Title: Barack Obama: The Contender | 11/29/2007 | See Source »

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