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That's bad news for the party in power, which is why President Bush last week invited 240 people who agree with his economic policies to praise them at a forum in Waco, Texas. He talked of corrupt ceos in terms he once reserved for Osama bin Laden, but offered little more than assurances that "we're the greatest nation on the face of the earth." The markets--which matter more than ever in politics now that nearly half of all U.S. households hold investments--were paying more attention to the downbeat noises coming out of the Federal Reserve...

Author: /time Magazine | Title: Can He Take The House? | 8/26/2002 | See Source »

...most shocking footage from a cache of 62 videotapes obtained in Afghanistan by CNN correspondent Nic Robertson and viewed by TIME last week. The Afghans who supplied the tapes told Robertson the video trove was recovered from a house formerly used by senior al-Qaeda leaders, including Osama bin Laden. If the tape of the dog dying was indeed produced by al-Qaeda, it provides the first publicly available visual evidence that the group has tested chemical agents on live subjects. John Gilbert, a former U.N. and Pentagon chemical-weapons inspector who viewed the tapes, says the dog's spasmodic...

Author: /time Magazine | Title: Did al-Qaeda Do This? | 8/26/2002 | See Source »

...Leading Saudi investor Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, a leading advocate of strong U.S.-Saudi ties, challenged the FT report and said he was expanding his U.S. holdings. But other leading investors are urging disinvestment in response to threats against Saudi holdings in the U.S. And a follow-up FT report notes that fund managers suspect capital flight is underway, and expect it to have an impact on the dollar...

Author: /time Magazine | Title: Are Saudi Billions Leaving America? | 8/23/2002 | See Source »

...steady stream of conservative columnists has been asking the question "Do We Still Need the Saudis?" (No, is the usual answer). Concerns over everything from the price of oil to the prospect that cutting Saudi Arabia loose might very well hand the country over to the likes of Osama bin Laden are given short shrift. Typical is the essay in the neo-con flagship journal Commentary, arguing for Washington to abandon the Saudis and foment a region-wide revolution against Arab authoritarianism in an effort to remake the Middle East on terms friendlier to the U.S. and Israel...

Author: /time Magazine | Title: Are Saudi Billions Leaving America? | 8/23/2002 | See Source »

...Fatah Revolutionary Council organization claims? For whom was he working while in Baghdad? (Abu Nidal may have proclaimed himself a champion of the Palestinian cause, but he spent most of his career freelancing for various Arab and even possibly some Eastern European intelligence agencies. Unlike, the Osama bin Laden generation of Islamist terrorists, Abu Nidal always needed the patronage of a state...

Author: /time Magazine | Title: Person of the Week: Abu Nidal | 8/22/2002 | See Source »

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