Word: weste
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...Just ask English club West Ham United. Asset-management company CB Holding took over the East London club earlier this week, after its Icelandic owner and chairman Bjorgolfur Gudmundsson lost his trousers in the credit crunch. Iceland's Straumur Bank, CB Holding's major shareholder, is itself in the midst of restructuring after being bailed out by the Icelandic government in March. In Spain, once mighty Valencia is effectively controlled these days by local lender Bancaja, its major creditor, after hapless management and a soured stadium-development plan left the club about $725 million in debt. (See pictures...
...spaces than jobs or residents. What was a quaint intersection of two country roads 50 years ago is now a two-tiered interchange with 10 lanes of traffic-choked hell; try to cross it on foot, and you're taking your life into your hands. Located about 14 miles west of downtown Washington, the nearly 1,700-acre area is home to fortresses of unfriendly buildings surrounded by oceans of parking lots, as well as single-story car dealerships, strip malls, fast-food joints, highways and a big toll road. Pedestrians are personae non gratae here. What few sidewalks exist...
...19th year of civil war and without a government worthy of the name, Somalia is the world's most failed state, shattered by war and serving as a safe haven for both al-Qaeda and pirates. Sharif, a strict Islamist who nevertheless believes in dialogue with the West and who came to power in January, rules little more than a few blocks in Mogadishu, and recently even that has been threatened by a ferocious attack by his former allies in Somalia's Islamist movement. He spoke to TIME about his government, life in Somalia and the issue of piracy...
...your government act as a bridge between Islamists and the West? Without leaving our Islamic principles, we can have relations with the West. I believe my government can succeed in reducing...
...terrible military defeat Hamas suffered in Gaza, a recognition, finally, that Israel is simply not going away. Or Mashaal may be trying to present a more sympathetic face to contrast with Benjamin Netanyahu's recalcitrant Likud government in Israel. Whatever the reason, it certainly seems time to reassess the West's unwillingness to deal with Hamas. (See pictures of life under Hamas in Gaza...