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...strike in Basra. But one thing is clear: the latest pause in the running fight between al-Sadr and the U.S.-backed Iraqi government offers no visible solutions to the problems at the root of the conflict. Al-Maliki wants to disband the Mahdi Army, or at least de-fang it, before provincial elections in the fall. The bloody nose the Mahdi Army gave al-Maliki in the latest crisis shows how unlikely that is. Above all, al-Sadr still wants the Americans to go. But the inability of Iraqi forces to operate independently during the recent fighting shows...

Author: /time Magazine | Title: Al-Sadr Wins Another Round | 5/11/2008 | See Source »

...Which means that American policy in Lebanon is now in tatters. The U.S. has tried almost everything in its efforts to de-fang Hizballah: designating it a terrorist organization; securing a UN Security Council resolution calling for it to disarm; encouraging Israel to invade Lebanon in 2006; and finally, pushing the Lebanese government into unsustainable game of brinkmanship with the Shia Muslim militant group...

Author: /time Magazine | Title: After the Blitz, Hizballah Runs Beirut | 5/10/2008 | See Source »

...China's small investors might need a lot more to be reassured. In the CITICS stock market, the mood is boisterous but uncertain. Fang Lin, 66, thinks the market is going to go down very quickly. "I will sell all my stocks this afternoon, even though I will still lose money." Like Fang, millions of Chinese small investors have put their life savings into the market that has risen 600% over the last two years. Dong Tao says: "Many Chinese investors used to think China's stock market is like an ATM machine. You type your password in and money...

Author: /time Magazine | Title: Beijing Moves to Revive Stock Markets | 4/25/2008 | See Source »

...collection of more than 700 Chinese watches. If you want to see what the fuss is about, pay a visit to Mr. Rong, whose quaint and rarely troubled store is at 378 Changle Road in the city's Xuhui district. Or try Mr. Xie's dealership at 425 Fang Bang Zhong Road...

Author: /time Magazine | Title: Socialist Movements | 4/10/2008 | See Source »

...earliest, state-produced watches in China, Chan says, came from the Shanghai Watch Factory, founded in 1955 - six years after the declaration of the People's Republic. Rare handmade 1956 Shanghai prototypes of the Heping (meaning "Peace") and Dong Fang Hong (or "East is Red") models are the favorites in Chan's extensive collection. They were based on a classic Swiss movement, and Chan acquired them from private collectors for a few hundred dollars each...

Author: /time Magazine | Title: Socialist Movements | 4/10/2008 | See Source »

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