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...swathes of Afghanistan's south and east over the past few years, prompting the U.S. to send an additional 21,000 troops to the country this year. With this supplication, there are now a total of 60,000 U.S. troops in the country to combat the resurgent Taliban. General Stanley McChrystal, the top NATO commander in Afghanistan, has raised concerns about the Taliban's menacing encroachment into Kandahar. It is expected that he will inject 3,000 of the 21,000 reinforcements into the city, thereby doubling the number of coalition forces guarding the province...

Author: /time Magazine | Title: After the Bombing: Feeling Vulnerable in Kandahar | 9/2/2009 | See Source »

...Some argue that overtightening is not the fundamental problem, however. Former Morgan Stanley star analyst Andy Xie, now an independent economist, questions the quality of China's recent growth. "The present economic 'recovery' began in February as inventories were restocked and was pushed up by the spillover from the asset-market revival," he contends in a recent opinion piece in Hong Kong's South China Morning Post newspaper. "These two factors cannot be sustained beyond the third quarter...

Author: /time Magazine | Title: Why China's Stock Market Bubble Is Fizzling | 9/1/2009 | See Source »

...Blankfein was on partner track at Donovan, but then he had what he calls a pre-midlife crisis and decided to make the switch, if he could, to investment banking. He applied for banking jobs at Dean Witter, Morgan Stanley and Goldman. He did not make the cut in Goldman's famously exhaustive recruitment process (or at the other two firms either). "It wasn't a nutty decision. I was a lawyer," he says. "I didn't have a finance background." Instead, in 1982 he landed a job as a gold salesman for J. Aron & Co., an obscure commodities firm...

Author: /time Magazine | Title: The Rage Over Goldman Sachs | 8/31/2009 | See Source »

Monday marks the end of August, a month with both good and bad news out of Afghanistan - and the approach of a key turning point. Civilian casualties caused by Western attacks have fallen dramatically under a new edict from General Stanley McChrystal barring air strikes that risk innocent deaths (19 killed since July 1, down from 151 in the same period of 2008). That's designed to show the Afghan people that the U.S. military is a force for good in their country. But at the same time, U.S. troop deaths reached 45 in August, making it the deadliest month...

Author: /time Magazine | Title: Turning Point Looms for the U.S. in Afghanistan | 8/31/2009 | See Source »

...counterterrorism officials worry that a failure to capitalize on the post-Baitullah confusion within the TTP will allow its new leader, Hakimullah Mehsud, to consolidate his position and reorganize the group. Officials in Washington say special envoy Richard Holbrooke and NATO commander General Stanley McChrystal have pressed the Pakistanis to strike while the iron is hot. But after initial promises to launch a ground offensive in South Waziristan, the Pakistanis have backed...

Author: /time Magazine | Title: Pakistan's Noncampaign Against the Taliban | 8/28/2009 | See Source »

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