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...many bailouts; Democrats and Republicans alike said the Treasury Secretary Geithner has been asleep at the wheel; and the Obama Administration tried to refocus attention on the consensus point that Wall Street greed is the opposite of good. "In the end, this is a symptom of a larger problem - a bubble and bust economy that valued reckless speculation over responsibility and hard work," President Obama said in a statement. "That is what we must ultimately repair to build a lasting and widespread prosperity." (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: The AIG Backlash: Has Congress Flipped Out? | 3/20/2009 | See Source »

...Hippel caution that Somalia's new government faces the steepest of obstacles. Even without the Islamists, 18 years of war have robbed it of almost all infrastructure and anything resembling law, left millions of its people on the edge of starvation and given it a raging piracy problem along its coasts. But both warn that the world should not flood Somalia with help. Von Hippel said experience had shown that international peacekeepers or a U.N.-sponsored drive to create a central government were inappropriate to Somalia. Far more important was building up Somalia's own security services and the creation...

Author: /time Magazine | Title: Somalis Balk at Outsiders — Including Osama Bin Laden | 3/20/2009 | See Source »

...been very concerned about an open-ended commitment of increasing numbers of troops for a variety of reasons," he said, "including the size of our footprint in Afghanistan and my worry that the Afghans come to see us as not their partners and allies but as part of their problem." (See pictures of Afghanistan's mean streets...

Author: /time Magazine | Title: Can Afghanistan Support a Beefed Up Military? | 3/20/2009 | See Source »

...couple of years [are new markets in] Dubai, Bahrain, Lebanon, Peru. This is a challenge for the international law enforcement community. We had a comfort zone when we knew it was going to New York, London, Paris and Tokyo. But now that those markets have expanded, it's a problem...

Author: /time Magazine | Title: Stolen-Treasure Hunter Matthew Bogdanos | 3/20/2009 | See Source »

...there's a problem with the option of doubling the size of the Afghan security forces: Officials inside and out of the Pentagon warn that the bill for setting up such a large force, estimated at $2 billion to $3 billion annually for several years, could prove daunting - more than double the budget of the Afghan government, and way more than could be sustained by Afghanistan's own economy for the foreseeable future. Even U.S. trainers for these new forces are in short supply: the Government Accountability Office, in a report issued earlier this month, said the Pentagon...

Author: /time Magazine | Title: Can Afghanistan Support a Beefed Up Military? | 3/20/2009 | See Source »

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