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...longtime Socialist Bernard Kouchner as his foreign minister, and included a handful of other leftists in his cabinet - a move denounced by the Socialists as taking advantage of personal ambition to divide and conquer the left. (Kouchner was expelled from the party.) Now, detractors charge, Sarkozy is seeking to sway the outcome of the Socialist Party's internal power struggle by off-shoring one of its main contenders, former Finance Minister Dominique Strauss-Kahn. Sarkozy has nominated Strauss-Kahn to head the International Monetary Fund, making him the fast-track favorite to fill a position traditionally chosen by the Europeans...

Author: /time Magazine | Title: Dominique Strauss-Kahn, Sarkozy's Pick for the IMF | 7/10/2007 | See Source »

...each province is different in terms of its mix of tribalism and sectarianism. In predominately Shi'ite southern Iraq, tribal authority is weak these days. Militia leaders like Moqtada al-Sadr and religious figures such as Grand Ayatollah Ali al-Sistani hold sway over sheiks. Diyala province is largely Sunni, like Anbar and Salahuddin, but not nearly as homogenous as those two western areas. And Baghdad, despite ferocious sectarian cleansing campaigns on both sides, remains a stronghold for both camps...

Author: /time Magazine | Title: The Limits of an Iraq Tribal Strategy | 7/10/2007 | See Source »

...that, the IPO filing revealed a Byzantine operating structure, over which investors holding public shares - technically "units" of the Blackstone partnership - will hold little sway. "When you buy 10 shares of IBM, you don't have much of a voice, but at least there's a democratization of how the organization is structured," says Hamilton. "You're not getting that with Blackstone. What you're getting is, Trust us, we have a good track record." And keep in mind that that track record is from a time when the company didn't have to deal with the constant and short...

Author: /time Magazine | Title: Should You Bet on a Hedge Fund? | 6/27/2007 | See Source »

...second decision - to dissolve the Fatah-Hamas coalition government and declare a state of emergency - was already a foregone conclusion. Hamas are the new owners of Gaza strip, with over 1.5 million Palestinians under their Islamist sway, and there is nothing that Abbas can do about it. Gaza is lost to Abbas, who is supported by the Bush Administration and Israel. All the beleaguered Palestinian leader can do now is consolidate his hold on the West Bank territories, where his Fatah forces are stronger than those of Hamas. On Thursday, the Fatah militias rounded up 30 Hamas cadres...

Author: /time Magazine | Title: Abbas Moves, Too Late to Save Gaza | 6/15/2007 | See Source »

...harping on the word "amnesty, " or the fact that he was unable to personally lobby for the bill last week (as he was out of the country at the G-8 summit), the bill's collapse will be seen as a significant administration failure unless the President manages to sway Republican lawmakers at Tuesday's lunch. A GOP senior staffer close to the negotiations over reviving the immigration bill said that Republican supporters are pleased that President Bush is showing some belated commitment to the legislation by traveling up to Capitol Hill. "It's great, it's a big deal...

Author: /time Magazine | Title: Bush Tries to Save Immigration Bill | 6/11/2007 | See Source »

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