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...board chairman of Rosneft, who avoids publicity and contact with outsiders, is a key member of the Siloviki (hard men) - Putin's coterie of top security, law-enforcement and military brass, who many say are becoming Russia's new oligarchs. He won the new job after 14 years of loyal service to Putin. A 1984 graduate of Leningrad University in French and Portuguese, Sechin started his career as a translator in Africa. The Russian media alleged that he had kgb ties. A former Soviet army officer who knew him well in 1987 during the civil war in Angola describes...

Author: /time Magazine | Title: Inside the Yukos Endgame | 8/22/2004 | See Source »

Intense fighting broke out last week between U.S. troops, backed by Iraqi forces, and fighters loyal to the radical Shi'ite cleric Muqtada al-Sadr. But while al-Sadr's Mahdi militia represents a serious threat to Iraq's stability, an equally vexing challenge to Iraqi order is taking shape in the Sunni Muslim--dominated area northwest of Baghdad, where Sunni terrorists, Baathists and nationalists are thriving...

Author: /time Magazine | Title: Uniting To Resist? | 8/16/2004 | See Source »

Even as President Bush and Senator John Kerry skirmish over the decisions that took America into Iraq, the challenge facing U.S. soldiers on the ground may be growing tougher. Their showdown with forces loyal to Moqtada Sadr in Najaf comes amid an escalation of violence - and U.S. casualties - following June's transfer of political authority to Iyad Allawi. The Iraqi Prime Minister's decision to launch a military campaign to break the back of the Sadrist challenge represents what could be a fateful gamble on the part of the new government, and its U.S. underwriter...

Author: /time Magazine | Title: High Stakes Showdown in Najaf | 8/12/2004 | See Source »

...running mate to late dictator Ferdinand Marcos during the Philippines' fraud-riddled 1986 snap elections; in Quezon City, Philippines. The vote led to the famous "people power" revolt against the Marcos regime and eventually to the dictator's ouster and exile. Months afterward, Tolentino declared himself President, and soldiers loyal to him took over the Manila Hotel. The Tolentino regime lasted only two days...

Author: /time Magazine | Title: Milestones | 8/9/2004 | See Source »

...wring cost savings of €450 million from Abbey as well as increasing revenues by €110 million, for a total of €560 million in increased earnings by 2007. This could mean sweeping job cuts at the British lender. Some question whether conservative British customers will remain loyal to the bank once it's in foreign hands. Indeed, many Abbey shareholders are pension funds and asset managers who, to maintain investment objectives, will have to sell if the bank becomes non-U.K. owned. Luqman Arnold, Abbey's chief executive, said he thought the deal would be similar...

Author: /time Magazine | Title: Banks Without Borders | 8/1/2004 | See Source »

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