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...July 22, General Electric announced a string of deals with the Mubadala Development Company, a government-controlled investment fund in the tiny Persian Gulf emirate of Abu Dhabi. Among other things, GE and Mubadala pledged to invest $8 billion in a joint venture to sell financial products in the Middle East and Africa. Ultimately, said Mubadala, it plans to be one of GE's 10 largest investors...

Author: /time Magazine | Title: Abu Dhabi: Rising Power | 7/23/2008 | See Source »

...promoted Haroun and expanded his influence a week after Ban Ki-moon left the country. In his new position as Minister of Humanitarian Affairs, Haroun was able to routinely block humanitarian aid to the 2.5 million Darfuris trapped in refugee camps. In addition, he was given three new titles: joint chairman of the committee to control media discourse, joint chairman of a fact-finding committee on human rights violations and member of the U.N.-African Union Mission in Darfur (UNAMID) force-monitoring group...

Author: /time Magazine | Title: How Sudan Was Brought to Court | 7/22/2008 | See Source »

...language was dry, understated, yet painfully clear. What caused the space shuttle Challenger to explode last Jan. 28, killing its seven passengers? ''Failure of the pressure seal in the aft-field joint of the right solid-rocket motor.'' Why was the shuttle allowed to fly if unsafe? ''Neither Thiokol nor NASA responded adequately to internal warnings about the faulty seal design . . . There was a serious flaw in the decision-making process.'' The commission appointed to investigate the Challenger accident interviewed more than 160 people, held hearings that generated 2,800 pages of transcripts, then summarized it all in an orderly...

Author: /time Magazine | Title: NASA TAKES A BEATING | 7/21/2008 | See Source »

...Some in Congress who are eager to preserve SALT II point to assessments suggesting that abandoning the agreement could backfire on the U.S. According to a report prepared by the CIA for the Congressional Joint Economic Committee, the Soviets would be better suited to capitalize on the scrapping of SALT II because of two basic advantages: active production lines for manufacturing ICBMs, strategic bombers and submarine-launched missiles; and the greater throw weight of Soviet missiles, which would allow them to be loaded up with many more warheads. House Armed Services Chairman Les Aspin says the Soviet production-line superiority...

Author: /time Magazine | Title: STAR WARS AT THE CROSSROADS | 7/21/2008 | See Source »

...Flash forward two months, and the national debate has finally caught up with political reality. It now focuses on the end of the Iraq conflict - on "timetables," "timelines" or, in the Orwellian Newspeak of the White House, "joint aspirational time horizons." Whatever the language and whatever translations are used, the conversation is changing. Both the White House and the Iraqi Prime Minister, Nouri al-Maliki, now publicly talk about temporal goals. Last week al-Maliki even declared a preference for Obama's 16-month redeployment plan - though his spokesman subsequently issued a vague, none-too-convincing clarification stating that...

Author: /time Magazine | Title: Leaving Iraq: Debate Shifts to When | 7/20/2008 | See Source »

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