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...attack or a shootout with militants, drug money helped pay for that bomb or paid the militants who placed it. Opium funding helps pay for salaries, weapons, explosives and food. The Taliban is a self-sustaining organization financially. We see an example of this in their recent attacks on the Pakistani government, like the bombing of the Inter-Services Intelligence offices in Lahore recently. The Taliban have now thrown off their old masters and are a full-fledged criminal force on both sides of the border...

Author: /time Magazine | Title: Fighting the New Narcoterrorism Syndicates | 7/17/2009 | See Source »

...story about ogling of teenager by • NAACP is passionately addressed by • shattering of teleprompter of • "sissy pitch" by at All-Star Game is compared by desperate right-wing Web sites to 2001 World Series strike by George W. Bush as yet more evidence, in case the recent sissy request by for Dijon mustard wasn't enough, that we were oh so much better off with a manly man like Bush in the White House...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/17/2009 | See Source »

...clear departure from the historical norm, the White House is not cheering the return of huge profits to Wall Street. On the contrary, the recent windfalls at Goldman Sachs and JPMorgan, and the promise of giant year-end paydays for banking executives and traders, has caused a bit of consternation in the West Wing, coming as it does so soon after the taxpayer bailouts saved the entire financial system from total collapse...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...executives at firms that have not paid back some taxpayer funds and a number of proposals for regulators to develop new ways of better tying compensation to long-term risks. That leaves the White House vulnerable in the coming months. If Wall Street decides to cash in on its recent winnings despite the public rhetoric of the Administration, the contrast with the nation's still growing unemployment rate couldn't be starker. "It's just got to feel wrong to a lot of people," says Douglas Elliott, a fellow at the Brookings Institution, speaking of the Goldman compensation announcement...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

Though both Goldman and JPMorgan have paid back their infusion of Treasury dollars, the recent crisis has made clear to investors that the firms are considered by U.S. policymakers to be "too big to fail." The crisis has also created a premium for those firms willing to take on more risk in trades. According to company data, Goldman - which converted to a commercial bank at the height of the crisis in order to gain easier access to cheaper government credit - has significantly reduced its leverage ratio, which measures how much money it borrows, from 27.9 at the beginning...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

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