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...prosecutor in Libby's case said, "It is fundamental to the rule of law that all citizens stand before the bar of justice as equals." Bush's commutation suggests three things: the President believes there is another class of citizen in the U.S., cronyism trumps justice and the President condones perjury and obstruction of justice when it's convenient and helpful to his Administration. Terry Sandquist, HUTCHINSON, MINNESOTA...

Author: /time Magazine | Title: Seeing the Trees and the Forest | 7/20/2007 | See Source »

...prosecutor in Libby's case said, "It is fundamental to the rule of law that all citizens stand before the bar of justice as equals." Bush's commutation suggests three things: the President believes there is another class of citizen in the U.S., cronyism trumps justice and the President condones perjury as well as the obstruction of justice when it's convenient and helpful to his Administration...

Author: /time Magazine | Title: Inbox: Jul. 30, 2007 | 7/19/2007 | See Source »

...firms are starting to defy this unspoken rule. A team of PE players joined forces with publicly held Vornado Realty earlier this year to try to derail Blackstone's agreement to buy office giant Equity Office Properties Trust. Although the PE contingent, which included Starwood and Walton Street Capital, eventually dropped out, the ensuing bidding war wound up costing Blackstone significantly more to buy Equity Office in what became the largest leveraged buyout in Street history. Blackstone was forced to boost its bid to $55.50 a share, or $39 billion, from the original $48.50 a share. Another deal jumper...

Author: /time Magazine | Title: Finance: A Private-Equity Peak? | 7/19/2007 | See Source »

Since Sept. 11, the Bush Administration has hailed Pakistani President Pervez Musharraf as a stalwart ally in the war on terrorism, providing as much as $10 billion in aid to his government. The U.S. believes Musharraf's autocratic rule is preferable to what might replace it: a nuclear-armed, fundamentalist regime sympathetic to Osama bin Laden and the Taliban. But there are growing doubts about how long Musharraf can hold on to power. Al-Qaeda's leadership has regrouped in Pakistan's tribal areas, while the country's middle class has taken to the streets to protest Musharraf's decision...

Author: /time Magazine | Title: Who Lost Pakistan? | 7/19/2007 | See Source »

Probably, but it may have happened anyway. Growing resentment against Musharraf's heavy-handed tactics has fueled defiance across the country. Rule of law in the tribal areas, already weak, has collapsed entirely. A 2006 peace accord with Islamic militants in North Waziristan, near the Afghan border, forced the army back to the barracks, allowing al-Qaeda to flourish, according to the National Intelligence Estimate. Now the agreement has failed, and al-Qaeda is even stronger...

Author: /time Magazine | Title: Who Lost Pakistan? | 7/19/2007 | See Source »

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