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Before the market opened - a day before the one-year anniversary of its record high - Sal Buccellato, a currency trader with Gallant FX, warned that not everyone was going to enjoy the end-of-the-year holidays, but he was more optimistic over the long term. Buccelato - who said he made money during the bloodletting - saw a silver lining even for those who lose their jobs. "They'll take a nine-month vacation and the government will pay for that, too" - referring to severance packages, unemployment benefits, unused time-off and other subsidies that would come their way. Greg Barton...

Author: /time Magazine | Title: The Down-Up-Down Day on Wall Street | 10/8/2008 | See Source »

...around in 2005, the Sunni tribal elders are eager to contest the polls, and say they wanted U.S. troops to remain in Anbar until after the elections to help ensure a free and fair ballot. They also want their key ally, police chief Major General Tareq Youssef al A'sal al Dulaimi, reinstated to the position he was ousted from just a few days ago. (Dulaimi was removed for unspecified "administrative" reasons.) The Awakening members say Dulaimi's sudden removal, which was approved by the Interior Ministry, has cemented their fears that their local Sunni rivals in the Iraqi Islamic...

Author: /time Magazine | Title: US Allies Angry at Anbar Handover | 9/1/2008 | See Source »

...evidence," says Omar Abdul-Sattar, a parliamentarian and the Islamic Party spokesman. Abdul-Sattar says that the decision to remove Dulaimi was a done deal between all of the various factions in Anbar, including the tribes, as well as the central government. "This is old talk, Tareq al A'sal has been replaced by consensus," he says...

Author: /time Magazine | Title: US Allies Angry at Anbar Handover | 9/1/2008 | See Source »

...three teenage girls sniffing glue in the back of the bus must have thought the fumes had melted their brains. Here they were in the North African kingdom of Morocco, riding into a slum in the town of Salé. Yet as they peered through the window of the bus, they could see a giant poster on the side of a house, featuring a leering Saddam Hussein holding a rifle. Stranger sights lay ahead: as the bus rounded a corner, the street was full of Iraqis and American soldiers in Humvees...

Author: /time Magazine | Title: Morocco's Gentle War On Terror | 8/6/2008 | See Source »

...Kinder, Gentler Faith Inside the Salé shantytown mosque, more than 300 women of all ages are waiting for al Salfi, whose voice gathers volume and fluency as she warms to the subject of how women should behave in a mosque. Lesson 1: Refrain from gossip. Afterwards, women tell her of their family woes, confiding about the daughter turned prostitute, say, or the drunken husband who punches his wife. "Sometimes it's as much about psychology as it is religion," says the murshida program director, Mohamed Amin Chouabi, who notes that their year-long training teaches the women preachers...

Author: /time Magazine | Title: Morocco's Gentle War On Terror | 8/6/2008 | See Source »

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