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...euro area stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced earlier this month it, too, would keep rates on hold. "Both the ECB and Bank of England have been caught between a rock and a hard place," says Matthew Sharratt, an economist at Bank of America in London. "The best they can do is to leave rates where they are until they see some signs that inflation has peaked or started to come down...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

Prosecutors in the Haditha case have struggled to collect evidence. Ware outlined concerns with the available evidence in a previous Haditha report made public in July recommending charges against Lance Cpl. Justin Sharratt be dismissed. Sharratt was a member of Wuterich's squad the day of the killings. Ware noted that the families of the victims refused to allow the bodies to be exhumed for autopsies. Furthermore, wrote Ware, Iraqi witnesses had a motive to fabricate their stories because Marine units had paid out cash to other families of those killed. "Witness accounts are not credible," wrote Ware. "The Iraqis...

Author: /time Magazine | Title: Who Will Be Punished for Haditha? | 10/11/2007 | See Source »

...past have gone beyond issues of evidence. He also expressed concern with the impact a harsh sentence might have on the morale of Marines. "Even more dangerous is the potential that a Marine may hesitate at the critical moment when facing the enemy," wrote Ware in the Sharratt report. After weighing all the evidence available, Ware ultimately concluded that Sharratt had acted according to his training: "Whether this was a brave act of combat against the enemy or tragedy of misperception born out of conducting combat with an enemy that hides among innocents, LCpl Sharratt's actions were in accord...

Author: /time Magazine | Title: Who Will Be Punished for Haditha? | 10/11/2007 | See Source »

...Mattis's rulings have been favorable to the Marines. On August 9, Mattis decided not to bring charges against Sharratt. The general also dismissed dereliction of duty charges brought against Capt. Lucas McConnell, the company commander who oversaw Wuterich's squad and did not initially investigate the incident. Mattis said that "administrative measures are the appropriate response," limiting McConnell's punishment to a reprimand by his superiors rather than a trial in a criminal proceeding...

Author: /time Magazine | Title: Who Will Be Punished for Haditha? | 10/11/2007 | See Source »

...Monday.) For the moment, the moves had their intended effects: following minimal losses in New York on Friday, Asian and European bourses on Monday traded mostly higher. Knowing now that central banks are willing to step in suggests "there should be less sensitivity to bad losses," reckons Matthew Sharratt, an economist with Bank of America in London. But the calm is not likely to last, not in this environment. "The ripple effects of the end of the credit bubble will be enormous - it will hurt economies everywhere," says Shanghai-based economist Andy Xie. "It's just not clear right...

Author: /time Magazine | Title: Markets Rebound but Crisis Not Over | 8/13/2007 | See Source »

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