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...second suspect in the shooting to be detained by police, Blayn Jiggetts, 19, of Mount Vernon, N.Y., was arrested in Harlem on June 9, but has refused to return voluntarily to Massachusetts to face charges. He is being jailed without bail in New York. Prosecutors are seeking a governor’s warrant—which requires the signatures of both the Massachusetts and New York governors—to extradite Jiggetts to Massachusetts to face charges at the Middlesex Superior Court. Jiggetts is scheduled to appear at an arraignment at the Manhattan Criminal Court on Tuesday...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Third Kirkland Shooting Suspect Pleads Not Guilty | 8/3/2009 | See Source »

Investors are skittish because China's 7.1% second-quarter GDP expansion was due in part to a burst of bank lending, which was up 31% in May and 34% in June from year-ago levels. To date, cumulative loans outstanding have topped $1.1 trillion, far higher than the government's $735 billion target for the year. Most of the money is aimed at funding infrastructure projects under Beijing's two-year, $585 billion stimulus package. But according to government researchers, about $170 billion in bank loans were channeled into the stock market from January to May, which partly explains...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

Amid the turmoil following the controversial June 12 presidential election, Iran's ruling hard-liners have escalated their showdown with the opposition by putting more than 100 political dissidents on what many outside the regime have denounced as a show trial. Among those "confessing" so far has been a reporter for Newsweek, Maziar Bahari, a Canadian citizen of Iranian descent, who said the foreign media helped cause the chaos following the vote. However, the regime's intentions can be seen from the array of political figures on trial, including several Deputy Ministers, a deputy speaker of parliament and many current...

Author: /time Magazine | Title: Iran's Show Trials: The Hard-Liners Build Their Case | 8/3/2009 | See Source »

...bazaaris are certainly unhappy with the current climate, which is bad for business. Tourism has almost vanished, with foreigners' visits to the enormous carpet section of the bazaar falling off sharply since June. But Iranians still fill the covered passages of the bazaar to buy everything from designer chadors to Chinese-made rice cookers. One shop owner estimated that about 70% to 80% of the bazaaris - owners, managers and workers - quietly sympathize with Mousavi. The remainder, though, loudly voice their support for Ahmadinejad. (See pictures of President Ahmadinejad...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

Mousavi's supporters are trying to get the bazaar on his side. One of the marches in the weeks after Iran's June election went from Imam Khomeini Square past Tehran's main bazaar. According to a witness, thousands of bazaaris closed their shops so they could stand outside and watch hundreds of thousands of green-clad protesters silently walk by. In fact, the route had been designed to draw Iran's merchants and workers into the growing opposition coalition to make it seem as if it had the support of Iran's commercial sector...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

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