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...have increased the probability of partition or civil war and installed a corrupt, Iran-leaning government of religious conservatives, which will undoubtedly remain in power when the new "permanent" government is formed. In Afghanistan, elections have brought narco-warlords to positions of significant power. Even the Potemkin elections in Saudi Arabia and Egypt resulted in the aggrandizement of religious extremists. There was the election-more a selection, really-of foulmouthed Mahmoud Ahmadinejad in Iran, who has turned out to be far more radical than the ruling mullahs anticipated. And now Hamas in Palestine...

Author: /time Magazine | Title: Democracy, the Morning After | 1/28/2006 | See Source »

...pressured the E.U. to maintain restrictions on weapons sales to Beijing. China wants those constraints dropped. To fuel its growth, Beijing also needs to buy oil without having to worry about the U.S. - the world's largest consumer of oil - working at cross purposes. That includes in places like Saudi Arabia, Washington's long-time ally, and even in the U.S. itself - where a political uproar last year deterred China's cnooc from buying Unocal. Beijing, in short, could drive a hard bargain in return for its acquiescence on sanctions. So what will Hu do? The conventional view is that...

Author: /time Magazine | Title: The New Power in the Persian Gulf | 1/22/2006 | See Source »

...chief tactician, Ayman al-Zawahiri, remain on the loose. But bin Laden's resurfacing has come at a time when the leadership of al-Qaeda appears to be under as much strain as at any time since the fall of the Taliban in 2001. Antiterrorism experts say the Saudi-born terrorist is no longer in active contact with field commanders, and his ability to plan and direct specific operations is hampered by his isolation. In Iraq, scene of al-Qaeda's deadliest strikes since 9/11, the group's leader, Abu Mousab al-Zarqawi, is fighting battles with some Iraqi insurgent...

Author: /time Magazine | Title: Can Bin Laden Be Caught? | 1/22/2006 | See Source »

...world's newly rich. From South Korea to India to Brazil, HSBC is expanding its branch network, launching new financial products and marketing its brand. In December HSBC acquired 10% of Vietnam's Techcombank; in November HSBC said it planned to launch the first independent investment bank in Saudi Arabia; and in late October it purchased 70% of an investment bank called Dar Es Salaam in, of all places, Iraq. Says Stephen Green, HSBC's global chief executive, who in November was named the bank's next chairman: "These are markets into which we should be prepared to invest significant...

Author: /time Magazine | Title: banking: The Bank That Ate the World | 1/22/2006 | See Source »

OSAMA BIN LADEN Saudi Breaking his silence, the al-Qaeda leader last week offered a "truce...

Author: /time Magazine | Title: Hits and Misses | 1/22/2006 | See Source »

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