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...inflation. His autocratic leadership style and refusal to share power with the country's two biggest democratic parties also meant that the fight against religious militants in Pakistan came to be seen as Musharraf's (and America's) war, utterly lacking in popular support. Large swathes of territory were overrun by Pakistani Taliban, army morale crumbled and the once unheard-of tactic of suicide bombing became commonplace in Pakistan...

Author: /time Magazine | Title: End of a Beginning | 8/21/2008 | See Source »

Reluctantly, almost insolently, on Aug. 16, Russia said it would withdraw its tanks and troops from the parts of Georgia it had overrun so swiftly just a few days before. Under the cease-fire agreement, Russian columns are expected to pull back behind preconflict lines of control. But amid reports of further incursions into Georgia, Russia is taking its own sweet time in complying. With tanks still rumbling along roads lined with ruins, the status quo in this part of the Caucasus is gone for good, crushed by the force of arms...

Author: /time Magazine | Title: The Moment: Georgia | 8/21/2008 | See Source »

...Georgia's decision to step up attacks two weeks ago on Ossetian positions in Tskhinvali - a decision that, some observers say, gave the Russians a pretext to invade - he responds: "There was no choice. The choice was either resist or don't resist and watch Russia overrun our country and come all the way to the capital." Russia's ambitions, he explains later, are not restricted to South Ossetia. "They came for all of Georgia," he says. "They saw that we are prospering here and they wanted to put an end to that." And, of course, there was the international...

Author: /time Magazine | Title: Interview: Georgia's President Keeps Firing | 8/20/2008 | See Source »

...press tour returned from the outpost that had been destroyed and overrun by attacking Georgian tanks on the first day, four local residents had slung the body into a light blue medical cloth and were trying to get it into a yellow coffin. Neighbors stood out in the street, most holding their clothes over their faces because of the smell. Two or three times on the ride back out of the city, that same stench could be smelled...

Author: /time Magazine | Title: Russian Army Denies Civilian Attacks | 8/15/2008 | See Source »

JULY 14 After FDIC chair Sheila Bair announces the FDIC may cover a portion of uninsured deposits, IndyMac reopens under FDIC control, and customers flood its 33 California locations to withdraw funds. With hundreds of clients lining up at dawn, branches are overrun...

Author: /time Magazine | Title: The World | 7/17/2008 | See Source »

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