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...organization makes three critically important points. The first is that as developed nations like the U.S. go into the debt markets to finance deficits, they crowd out smaller nations which have much worse debt ratings, effectively denying them access to the capital markets. The next problem is that poor nations will need to depend more on richer ones for items that are essential such as food and medical supplies. The last point is that global industrial production could be down as much as 15% by the middle of this year, compared with 2008, making the strength of the Chinese...

Author: /time Magazine | Title: World Bank: Crisis Hits Developing Nations Harder | 3/9/2009 | See Source »

...took his first step toward infamy. In 2007 he visited a market stall run by Lashkar-e-Taiba (LeT), an Islamist extremist group that has been blamed for the Mumbai attacks, among others. Qasab, at the time, was neither particularly religious nor particularly violent - just one of millions of poor young men in South Asia trying to cross the fence to a better life, existing in a shadow land between aspiration and extremism. (See pictures of a Jihadist's journey...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...begin to understand why young men throw in their lot with Islamic extremists, why Pakistan may be the most dangerous country in the world, why the half-century-long dispute between India and Pakistan over Kashmir is not just a local problem, why education reform in the poor world is an issue of national security in the rich one - and why draining the swamps in which terrorism is spawned has been so difficult...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...religion. In fact, his origins are ordinary. In his confession, Qasab, now 21, says he was born in the village of Faridkot, in Pakistan's Punjab province. He is said to have been a typical teenager, not especially religious, albeit with a reputation as a troublemaker. His family is poor - his father sells fried snacks at a bus station - but owns its own house. Qasab attended the local primary school; at 13, he left the village to live and work with his elder brother in Lahore...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...Sushil Sonawane was on duty on the second floor that night at Cama and Albless Hospital, and he recalls hearing the first shots at about 10:15. The building Qasab and Khan had chosen was an unlikely source of hostages - a public hospital for poor women and children, funded by a wealthy Mumbai family. The second floor was the neonatal intensive-care unit, and one of the eight people killed at the hospital was a relative visiting the maternity ward. Sonawane said he and the other doctors locked the doors of the unit and tried to keep everyone quiet...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

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