Word: war
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...write that one of the major myths about American society is that we used to be prudent with our money and only recently did we go astray. What's the real history? Americans are speculative people. During and after the Civil War, for instance, there was a lot of stock market and commodities speculation - people trying to make a quick buck. But it was only when financial institutions picked up on that and provided the methods whereby you could buy now and pay later - that very simple concept - that things started to change structurally. Now Americans are more highly leveraged...
...Gates, who was in charge during the Rodney King fiasco. "No. Are they beyond what happened in the Rampart scandal? Well, the corruption part was an aberration. What wasn't an aberration in the Rampart scandal was the abuse of force and the abuse of gang members and the war mentality... The aggravated use of force is part of LAPD policing culture...
...sectarian and ethnic political divisions having become an apparently intractable feature of post-Saddam political life that no amount of U.S. cajoling appears likely to resolve, this may be as good as it gets in Iraq. And if so, why should American soldiers hang around until 2011 in a war costing America in the region of $12 billion a month and whose U.S. casualty count is nearing 4,500 dead and 30,000 wounded? (See TIME's 10 Questions for nuclear watchdog Mohamed ElBaradei...
...been a successful few days in the war on terror. On Aug. 5 Baitullah Mehsud, leader of Pakistan's Taliban, was apparently killed in a strike by a U.S. drone. And on Saturday Aug. 8, Indonesian authorities reported that Noordin M. Top, the country's most wanted terrorist, was probably killed during a police raid, ending a years-long manhunt for the Malaysian believed responsible for a string of bomb attacks in Jakarta and Bali in recent years. In a dramatic shootout broadcast on national TV, police surrounded and fired shots at a small house in Temanggung in central Java...
...majority of the fighting took place, remain demolished, and thousands of people are still displaced on both sides of the border. Russia has pledged $640 million in aid for reconstruction, while Tbilisi owes $4.5 billion to the West in postwar aid and loans. Since the end of the war, 240 unarmed European Union monitors have been patrolling the border on the Georgian side to ensure that the terms of the cease-fire brokered by French President Nicolas Sarkozy are not broken. But they have not been given access to the Russian-patrolled South Ossetian side of the border...