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...bomb blast ripped through a crowd of Philippine army families waiting outside the Edwin Andrews Military Air Base in the city. The explosion killed two people and injured 21. Police are yet to finalize their investigation into the source of the blast but Abu Sayyaf operatives are the prime suspects despite the bomb containing TNT - not the normal mortar rounds used in previous Abu Sayyaf bombings. Colonel Coultrup suspects such operations were "confidence runs" designed to train raw recruits for larger missions...

Author: /time Magazine | Title: Winning A War of Stealth | 6/12/2008 | See Source »

Indians know the news is bad when the Prime Minister takes to the airwaves to address the nation. That's what founding father Jawaharlal Nehru did before India's war with China in 1962, and just under a decade later Indira Gandhi confirmed on television that Pakistan had launched military strikes against Indian airfields. So when current Prime Minister Manmohan Singh stared down a camera to deliver a message earlier this month, there was no doubting the gravity of the situation. India was losing a battle of sorts: due to soaring oil prices, Singh told viewers, New Delhi was forced...

Author: /time Magazine | Title: Asia Hits an Oil Slick | 6/12/2008 | See Source »

...politicians more used to public deference. Presidents Thabo Mbeki of South Africa and John Kuffour of Ghana are close to stepping down, and their power is waning. They were joined on the podium by Raila Odinga, who has fought the political establishment from birth, and in March was appointed Prime Minister of Kenya following a disputed election. Odinga laid into his fellow leaders for keeping quiet about another disputed election earlier this year - for Zimbabwe's presidency. Robert Mugabe, the incumbent widely believed to have been defeated, has not yet released the results...

Author: /time Magazine | Title: Africa's Leadership Crisis | 6/11/2008 | See Source »

...audition for the role of villain in the world's financial markets, sovereign wealth funds would have pushed sub-prime mortgages close in recent months. Huge, government-controlled investment pools from Abu Dhabi to China have helped to rescue Wall Street banks left short by the credit crisis - and still managed to leave Western governments feeling spooked. Their worry: the funds - swollen with foreign-currency reserves or billions in profits from oil and gas - might be hiding dark political motives behind fuzzy financial aims...

Author: /time Magazine | Title: Caring Capitalists | 6/11/2008 | See Source »

...Mustafa Demir, mayor of the conservative Fatih municipality which is running the demolition program, says it's a much-needed social renewal project "to replace hovels." Prime Minister Recep Tayyip Erdogan called Sulukule "ugly", and expressed bewilderment over anti-demolition protests. That the neighborhood is in desperate need of a cleanup is clear, but critics accuse officials of failing to involve one of the city's oldest communities in plans for its redevelopment. Instead, the Roma have been offered two options: They can sell their property at a rate far below market prices (or face having it expropriated), or they...

Author: /time Magazine | Title: Constantinople's Gypsies Not Welcome in Istanbul | 6/9/2008 | See Source »

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