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...uncertain world of stock markets, there are a few events so unambiguously frightening that they guarantee an instant crash. One is a terrorist attack on the world's biggest economy. Another is a global banking collapse. South Africa has a third trigger: the departure of Finance Minister Trevor Manuel. When Manuel, 53, resigned on Sept. 23 last year, the Johannesburg Stock Exchange fell 4% in minutes. Actually, Manuel wasn't going anywhere. President Thabo Mbeki had been ousted in an internal party coup a few days earlier and protocol demanded Manuel step down before being reappointed by Mbeki's successor...

Author: /time Magazine | Title: Trevor Manuel: The Veteran | 3/25/2009 | See Source »

...only South Africans who look to him to bring order to their world. Since his appointment way back in 1996, Manuel has steered his country from near bankruptcy to steady growth. There's a long way to go. Around one-third of South Africans still live on $2 a day or less. At the same time, Manuel has also helped transform how the rich world views the poor one. Globalization has given new status to places like Brazil, China, India, Russia and South Africa, but the institutions that manage the global economy - the U.N., the World Bank, the International Monetary...

Author: /time Magazine | Title: Trevor Manuel: The Veteran | 3/25/2009 | See Source »

...pictures of South Korea's oil spill...

Author: /time Magazine | Title: Remembering the Lessons of the Exxon Valdez | 3/24/2009 | See Source »

...rich city of Kirkuk that was theirs until Saddam Hussein forcibly removed them from it. Arabs say the land wasn't Kurdish to begin with. In the meantime, Kurdish peshmerga militia forces, which operate independently of Baghdad and answer to Kurdistan's regional government, have steadily pushed south of their United Nations-delineated border into contested zones...

Author: /time Magazine | Title: Arab-Kurd Tensions Could Threaten Iraq's Peace | 3/24/2009 | See Source »

...little surprised to hear this from Col. Hazar. I had spent the day walking through the Colonel's area of operations, in the mixed Arab-Kurdish (though mostly Kurdish) towns of Karach and Machmour, south of Mosul. Everyone I spoke with who was even remotely connected to the military or government assured me, at least to start, that in these areas, Arabs and Kurds were like brothers and had lived together for hundreds of years. "The problems are government problems," said Saber Sharif Ahmed, a Kurdish primary school teacher, before introducing me to the local secondary school teacher...

Author: /time Magazine | Title: The U.S. Military: Mediating Between Kurds and Arabs | 3/24/2009 | See Source »

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