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...Treasury Secretary’s words that extreme caution is necessary whenever the public or the press is within earshot, according to Murray. One wrong word could send the dollar into a tailspin or destroy a foreign economy. Paul O’Neill, for example, Summers’ successor at the Treasury, single-handedly caused the collapse of the Brazilian real when he said the country needed to guarantee that aid money “doesn’t just go out of the country to Swiss bank accounts...

Author: By Leon Neyfakh, CRIMSON STAFF WRITER | Title: How Larry Got His Rep | 3/3/2005 | See Source »

...gave the Kurds, who make up 17% of Iraq's population, enough clout to demand top jobs in the new government. While the victorious Shi'ites last week tapped Ibrahim al-Jaafari for Iraq's most powerful position of Prime Minister, Talabani, 72, has emerged as the most likely successor to Saddam as Iraq's President. And though the post is intended to be largely symbolic, Talabani plans to use the position of titular head of state to protect Kurdish interests. "I must have the right to participate with the government in ruling the country," he told TIME...

Author: /time Magazine | Title: Revenge of the Kurds | 2/27/2005 | See Source »

...ties between the two nations remain remarkably close. Advisers to Taiwan's President Chen Shui-bian, whom Beijing loathes, happily describe Japan as an ally, while in Tokyo, political leaders such as Shinzo Abe, secretary-general of the Liberal Democratic Party and frequently tipped to be Koizumi's successor, have made no secret of their support for Taipei. Taiwan, Abe pointed out last year, has been separated from the mainland for 50 years, "so perhaps it's natural for them to want independence." That sort of sentiment has Beijing using language a lot stronger than "irresponsible...

Author: /time Magazine | Title: Asia Has a Taste of Things to Come | 2/20/2005 | See Source »

...individual expression. But as the populace dutifully joined celebrations for Kim's 63rd birthday last week, there was no relief in sight. Instead, Pyongyang watchers believe that Kim was pondering how to perpetuate the rule of his dynasty; they assume that sooner or later he will name a successor to assume the mantle of power he inherited from his father Kim Il Sung...

Author: /time Magazine | Title: Dictatorial Dynasty | 2/20/2005 | See Source »

...Jaafari government would likely represent a political package quite different from what the architects of the Iraq war might have envisaged. But a majority of Iraqi voters repudiated the U.S.-backed incumbent, and his successor will not likely incline towards aligning himself with U.S. policies elsewhere in the Middle East, from Israel to Iran. Jaafari may also have positions on questions of government and the economy quite different from those favored by the U.S. Still, the Bush administration has welcomed the election results and vowed to keep its troops there until security is established. The coming months, then, will usher...

Author: /time Magazine | Title: The Islamist Who Could Run Iraq | 2/17/2005 | See Source »

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