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...whole Middle East. Long before Americans recognized sectarianism as a problem it was already shaping attitudes beyond Iraq's borders. Not long after Saddam fell from power, King Abdullah of Jordan warned of an emerging Shi'ite crescent stretching from Beirut to Tehran - emerging Shi'ite power and Sunni reaction to it was on everyone's mind in the region...

Author: /time Magazine | Title: Behind the Rise of the Shi'ites | 12/19/2006 | See Source »

...jubilant Shi'ites into the streets in Iraq, Bahrain and Saudi Arabia. Traditional Sunni powers such as Jordan, Saudi Arabia and Egypt found themselves pushed to the sidelines, unable to influence events. Even al-Qaeda was caught off-guard as it watched Hizballah steal some of its thunder. The reaction of Sunni rulers and radicals was swift: They denounced Hizballah's campaign as an Iranian-sponsored Shi'a power grab. And even though the war popularized Hizballah on the Sunni Arab street, it did not close the sectarian divide - particularly as sectarian tensions soared in Lebanon after Israel's bombing...

Author: /time Magazine | Title: Behind the Rise of the Shi'ites | 12/19/2006 | See Source »

...Fear of being rendered irrelevant explains Moscow's nervous reaction to the prospect of informal direct U.S.-North Korea talks on the sidelines, as mentioned by U.S. delegation chief Christopher Hill. The Russian Foreign Office leaked comments of its senior official to a Moscow daily to the effect that "We're not going to let the Americans monopolize any contacts outside the six-party talks format." That sounds as resolute as it is ineffective: Unlike the U.S., Russia has neither the stick nor the carrot that could change North Korea's behavior...

Author: /time Magazine | Title: Russia Tries to Look Relevant | 12/18/2006 | See Source »

...kidding. Some European governments still see a locally owned steel industry as a sign of economic strength, but even so, the reaction to a company thought of as Indian buying up metalworking assets was extraordinary. It went far beyond any limits of supposed industrial logic and, at times, involved attacks of a distinctly ugly nature. In Luxembourg, where Arcelor is based, Prime Minister Jean-Claude Juncker called for "a reaction that is at least as hostile" as the bid, and parliament considered a new merger law that would block the deal. In Paris, Finance Minister Thierry Breton lambasted Mittal...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

...would listen. Critically, labor unions weren't hostile; they had already worked with his company and knew what to expect. And Mittal won a powerful French ally early on: François Pinault, a fellow self-made billionaire whose holdings include luxury designer Gucci. Pinault was appalled by the reaction to the bid. "I didn't like the welcome he received in France, nor the xenophobic, even racist character of certain comments about 'the Indian,'" explained Pinault, who joined Mittal's board and introduced him to the cream of the French business establishment. "Pinault really supported me," Mittal says today...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

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