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...spoke with Alwaleed in Riyadh on Tuesday, as the world reeled from the shock of the Lehman Bros. bankruptcy. In his offices on the 66th floor of the iconic Kingdom Tower, the prince (a nephew of King Abdullah) seems a world away from the tumult in New York City. But a giant TV screen in his office was tuned to CNBC, and he conceded that his personal worth may have taken a hit with the stocks slide, though he stressed that he was doing well with investments closer to home...

Author: /time Magazine | Title: Saudi Billionaire to Wall Street: See You Later | 9/16/2008 | See Source »

...nastier set of explosions. When the smoke cleared, more than 100 revelers lay bleeding on the paving stones. The clearly stunned state governor Leonel Godoy, who had moments earlier been presiding over the festivities, declared the attack the work of Mexico's increasingly violent drug gangs. By Tuesday, as annual parades marched somberly through the Mexican cities, at least eight victims of the blast had died from their wounds, and several more were fighting for the lives...

Author: /time Magazine | Title: Terror Bloodies Mexico Celebrations | 9/16/2008 | See Source »

...Godoy said Tuesday that officials in his Michoacan state had received threats warning of an Independence Night attack. But, he explained, state officials had expected the attack to come not in Morelia, but in one of the state's other cities such as the busy coastal port of Lazaro Cardenas. The bombing came as the governor was ringing the bell in Morelia's colonial square, a tradition carried out across to Mexico to remember the launching of the war of independence against Spain in 1810. Witnesses reported that a bulky man in black threw a grenade-like object into...

Author: /time Magazine | Title: Terror Bloodies Mexico Celebrations | 9/16/2008 | See Source »

...This is a brutal act against innocent people," Godoy said. "There were families and children who went to enjoy the shout for independence. Among them were the poorest people who have no other entertainment. This was a very cowardly act." Independence parades were canceled in the state on Tuesday, while thousands of soldiers poured into the city center. Explosive experts said they were still determining exactly what devices had caused the blast...

Author: /time Magazine | Title: Terror Bloodies Mexico Celebrations | 9/16/2008 | See Source »

...Addressing independence day celebrations on Tuesday, Calderon called for national unity against the cartels, and said he would not retreat from his offensive. "It was a miserable attack against defenseless people, celebrating our national fiesta with peace and pride. When they try and sow fear for their own ambitions, it is not one person or group who suffers the consequences but all Mexicans," he said from Mexico's towering Independence monument. "We need unity. We need to all rally round the government to stop these criminals...

Author: /time Magazine | Title: Terror Bloodies Mexico Celebrations | 9/16/2008 | See Source »

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