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Still, Shelby has his reasons for wanting a bill to fix the financial sector, and they start with pride. "At 75 years old this is probably the last major thing he'll participate in," says one senior GOP Senate staffer. Democrats in the Administration and on Capitol Hill say they believe Shelby is negotiating in good faith. (Read "Geithner Faces Questions as He Prepares to Roll Out Toxic-Asset Plan...

Author: /time Magazine | Title: On Finance Reform, Obama's Unlikely Partner | 9/14/2009 | See Source »

...Saudis of being prejudiced toward Zardari because of his Shi'ite background. (Shi'ites are an embattled minority in Saudi Arabia, whose dominant Wahabi strand of Islam deems them heretics.) But Pakistan's response to Iran will ultimately be determined by the all-powerful military establishment. And, analysts say, the army is a great deal more wary of Iran's regional aspirations. "They are not really allies," says Christine Fair of the RAND Corp. in Washington. "There is a misguided assumption that just because Pakistan gave Iran nuclear technology that they have some kind of strategic alliance." That deal, analysts...

Author: /time Magazine | Title: Iran Sanctions: Why Pakistan Won't Help | 9/14/2009 | See Source »

...related but deeper fear is that Iran has the means to make life exceedingly unpleasant for Pakistan should it side with Tehran's enemies. Already struggling with a militant campaign that has ravaged the northwest and the tribal areas and terrorized major cities, Pakistan, analysts say, can ill-afford a revival of sectarian violence that plagued the country during the 1980s, when Saudi-backed Sunni militant groups clashed with Iranian-backed Shi'ite ones as part of a regional proxy war. Says Ayesha Siddiqa, an independent security analyst: "It isn't just Iraq, Lebanon and Afghanistan where Iran can create...

Author: /time Magazine | Title: Iran Sanctions: Why Pakistan Won't Help | 9/14/2009 | See Source »

...were frequent guests at his dinners: "Of the males here, raise your hands who wouldn't want to eat in front of [beautiful women] instead of [less attractive] people." His denial of ever knowingly being involved in prostitution: "I have never paid a lira, a euro for sex. I say this also because, for those who love to conquer, the joy and the most beautiful satisfaction are in the conquest. If you have to pay, I ask you, what joy is there?" And finally, on his overall job performance: "I think that I am far and away the best Prime...

Author: /time Magazine | Title: How Has Berlusconi Survived His Sex Scandal? | 9/14/2009 | See Source »

...more democracy" within the center-right coalition and lashed out at Berlusconi's family newspaper, Il Giornale, for accusing him of drifting leftward. "Enough already. It's time for a new approach," Fini told reporters in the central city of Gubbio. "I won't renounce my ideas, and I say 'No' to groupthink." And just on Monday, Sept. 14, Fini said he was considering a lawsuit against Il Giornale for an article that referred to his links to a "red light" scandal in 2000. (Read "Berlusconi and the Girl: No Spice, Thank...

Author: /time Magazine | Title: How Has Berlusconi Survived His Sex Scandal? | 9/14/2009 | See Source »

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