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...hard to imagine the ECB pushing the quantitative easing boat as far into uncharted waters as the Fed has already done," said David Mackie, head of Western European economic research at JP Morgan, in a note to clients...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

...economic. India has made little progress in resolving its decades-old dispute with Pakistan over Kashmir; in the meantime, the Indian troops who occupy it have turned the state into a swamp of resentment and virulent anti-Indian sentiment. The most raw grievance is the 2002 violence in the western state of Gujarat: nearly all of the 2,000 victims were Muslim, but only a handful of cases have been prosecuted. Gujarat, Kashmir and the 1992-93 anti-Muslim violence in Mumbai - in which hundreds were killed yet only three people convicted - have become rallying cries for jihadist groups across...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

...community reacts to the events remains critically important. In so doing, let us not be afraid to acknowledge what these attacks represent: Modern Islam has a problem, and it is that shockingly large numbers of today’s Muslims favor a domination of those who espouse Western principles...

Author: By Lucy M. Caldwell | Title: Lessons From Mumbai | 12/3/2008 | See Source »

Maliki has blithely brushed off the criticism, saying the tribal groups are akin to the Sahwa, or Awakening, movement. That movement (of Sunni tribal sheiks in the once al-Qaeda-infested western province of Anbar) sided with the U.S military and the Baghdad government to drive the insurgents out. And on Wednesday, Maliki delivered his own shot across Talabani's bow, defending the legality of the councils and rejecting claims that they are beholden to him. The councils are in the service of the state and will serve future governments, he said in an open letter to Talabani written...

Author: /time Magazine | Title: Iraq's al-Maliki Faces Challenge Over Power Grab | 12/3/2008 | See Source »

...jihadists who tore up Mumbai last week rely on party drugs usually associated with Western decadence to stay awake and alert throughout their three-day killing spree? Britain's Telegraph newspaper suggests that they did, citing unidentified officials claiming physical evidence shows the assailants used cocaine and other stimulants to sustain their violent frenzy. And if the notion of self-anointed holy warriors on a coke binge sounds incongruous, the report also maintains that the killers imbibed the psychedelic drug LSD while fighting advancing security forces...

Author: /time Magazine | Title: Were the Mumbai Terrorists Fueled by Coke? | 12/3/2008 | See Source »

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