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What's the best business reaction to a recession? How about none at all. Unlike many outfits in the struggling restaurant industry, Panera, the soup and sandwich chain with more than 1,300 stores in 38 states, has stayed strong by standing still. "The key to Panera's success lies in what the company hasn't done," says Nicole Miller Regan, an analyst at Piper Jaffray. "Panera hasn't fallen victim to discounting. It hasn't levered up the balance sheet. It hasn't tried to change...

Author: /time Magazine | Title: How Panera Bread Defies the Recession | 12/23/2009 | See Source »

...they'll do the same for him. "The government still sometimes thinks it is too costly for it to fight al-Qaeda. If you ask them to go and fight al-Qaeda, they say 'Why? And what do I get back?'" says Hassan. Fighting al-Qaeda would mean losing key fundamentalist support in the country, support that is already falling away. What would compel Saleh to turn it around? "It is business," says Hassan. "If the government gets more support from the Americans, they will change." The Obama administration has requested $65 million to help Yemen battle its resurgent terrorist...

Author: /time Magazine | Title: Despite U.S. Aid, Yemen Faces Growing al-Qaeda Threat | 12/22/2009 | See Source »

...Still, while Moscow and Beijing may back some escalation of measures targeting Iran's nuclear program, they remain resistant to anything resembling the "crippling sanctions" previously threatened by Secretary Clinton. Their resistance, as well as that of Iran's key neighbors, to measures that would hurt ordinary Iranians, suggests that unilateral steps such as the legislation recently approved by the House of Representatives to choke off Iran's gasoline imports are unlikely to generate sufficient pressure to change Iran's behavior. (See the top 10 Ahmadinejad-isms...

Author: /time Magazine | Title: Stalemate: How Obama's Iran Outreach Failed | 12/22/2009 | See Source »

...Obama, for all his game-changing intentions, end up inheriting Bush's Iran stalemate? Two key factors have combined to scupper his diplomatic efforts: Iran's domestic political year of living dangerously, and the fact that the new Administration bound its diplomacy to tight deadlines and to the same goal as its predecessor - persuading Iran to abandon uranium enrichment, even for peaceful purposes. That combination of factors was clear in the fate of the Tehran Research Reactor fuel deal, which Obama's own deadline had turned into a kind of last-chance ultimatum...

Author: /time Magazine | Title: Stalemate: How Obama's Iran Outreach Failed | 12/22/2009 | See Source »

...least 34 people died last week, when Yemeni forces hit suspected al-Qaeda targets in the southern governorate of Abyan and in Ahrab, a district northeast of the Yemeni capital Sana'a. Western and Yemeni media outlets reported that the United States provided Yemen with key intelligence and firepower to carry out the strikes, but to what extent is unclear. Yemeni state media reported that President Obama phoned Yemeni President Ali Abdullah Saleh to congratulate him on a job well done, and ABC News said that U.S. cruise missiles had been used. (See pictures of the hidden war in Yemen...

Author: /time Magazine | Title: Despite U.S. Aid, Yemen Faces Growing al-Qaeda Threat | 12/22/2009 | See Source »

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