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...deluded itself into believing that it was somehow a real competitor to Russia in the southern tier of the former Soviet Union - that is, the eight states that make up the Caucasus and the former Soviet Central Asia. Washington acted as if these states were truly independent and sovereign, immune from the influence of the old metropolitan center, Moscow. Washington deliberately ignored how Russia had held on to its military bases in the southern tier, how the successor to the KGB stayed more plugged into intelligence from the area than the CIA ever hoped to, and how local leaders flew...

Author: /time Magazine | Title: The Russian Empire Strikes Back | 8/12/2008 | See Source »

...point will follow a great new opportunity, like the presidential forum and the possibilities it embodies. I ask Warren what Bible verse he will take into the forum, and he quotes David's words after God has secured his position as the King of Israel - "Who am I, O Sovereign Lord, and what is my family, that you have brought me so far?" - and David's subsequent realization that God did it for the sake of His word and according to His will. It is a humble response, one that puts Warren's elevation, like David's, in the Deity...

Author: /time Magazine | Title: The Global Ambition of Rick Warren | 8/7/2008 | See Source »

...reconstruction projects. "Despite Iraq earning billions of dollars in oil revenue in the past five years, U.S. taxpayer money has been the overwhelming source of Iraq reconstruction funds," said Senator John Warner of Virginia, the ranking Republican on the Senate Armed Services Committee. "It is time for the sovereign government of Iraq, using its revenues, expenditures and surpluses, to fully assume the responsibility to provide essential services and improve the quality of life for the Iraqi people...

Author: /time Magazine | Title: Who Gets Billed for a New Baghdad? | 8/7/2008 | See Source »

Flush with profits from huge oil and gas reserves, sovereign wealth funds like Mubadala have been on quite a spree of late, particularly in the U.S. Eager to reduce Abu Dhabi's economic dependence on energy, Mubadala has bought stakes in chipmaker Advanced Micro Devices and private equity giant the Carlyle Group; another sovereign wealth fund, the Abu Dhabi Investment Authority, paid $7.5 billion to become Citigroup's largest shareholder; and this month the Abu Dhabi Investment Council offered $800 million for a 90% stake in Manhattan's iconic Chrysler Building, pictured above...

Author: /time Magazine | Title: Abu Dhabi: Rising Power | 7/23/2008 | See Source »

...being destroyed and have no hope," Moreno-Ocampo told me a few days before he announced his indictment. "Maybe you can be part of the cover-up. The prosecutor cannot be part of the cover." How Moreno-Ocampo won the authority to indict a sitting President of a sovereign country is an epic of justice vs. realpolitik, of a determined prosecutor's battle against "we-know-better" diplomacy and of small countries banding together to tell the big powers, "You are wrong...

Author: /time Magazine | Title: How Sudan Was Brought to Court | 7/22/2008 | See Source »

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