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...Mbeki's departure could not have come at a worse time for South Africa's northern neighbor, Zimbabwe, where the South African President painstakingly brokered a power-sharing compromise aimed at ending the country's prolonged political crisis. Signed a week ago by Zimbabwe's autocratic president, Robert Mugabe, and his bitter enemy, opposition leader Morgan Tsvangirai, the deal has been hanging by a thread. If it holds, the Zimbabwe deal could be Mbeki's most enduring legacy, despite the criticism he has drawn for a policy of "silent diplomacy" that was seen by many to appease Mugabe...
...Consider the line up: local bank and Newcastle United sponsor Northern Rock had to be nationalized in February after it was caught short of cash when the money markets seized; on Sep. 12, Britain's third largest tour operator XL went bust leaving London club West Ham United without a shirt sponsor; and now insurance giant AIG, shirt sponsor at English and European club champions Manchester United, is teetering on the brink of collapse...
...benchmark stock index has plunged to its lowest point since late 2006, and even the Japanese developer of the Shanghai World Financial Center admits that a real-estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting of the Olympics by Shanghai's northern rival only added insult to injury, even if local papers hastened to note that Shanghai's athletes broke more world records than those from any other Chinese city...
...Odierno must also contend with a familiar set of security challenges, which, while reduced in scale, are nonetheless troublesome. Al-Qaeda in Iraq, although significantly weakened, is still staging attacks in restive areas like the northern province of Diyala. The specter of renewed sectarian strife is also very real: a tenuous truce between Iraq's various communities will be tested early next month, when the U.S. transfers command authority over the so-called Awakening or Sahwa councils (the Sunni tribal groups that fought al-Qaeda) to the predominantly Shi'ite central government. Neither side trusts the other. Tensions between Arabs...
...killing hundreds of civilians with bombs placed on street corners, cars and even one passenger jet. Mexican gangs first started using bombs last February, when an alleged hitman blew himself up in a botched attempt on a police official. In July, two botched car bombs caught fire in the northern state of Sinaloa. The drug gangs have long used grenades in fighting with police and rivals...