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...Qaeda - born after the attacks on September 11, 2001, and exploding into raging adolescence after the U.S. invasion of Iraq in 2003 - that is the real threat, waging the "leaderless jihad" of the book's title chapter. Poverty and lack of opportunity are not necessarily the factors that drive young men to commit violence in its name. Middle-class and educated at a private school, Sheikh exemplifies another kind of motivation. "They view themselves as warriors willing to sacrifice themselves for the sake of building a better world," Sageman explains, "and this gives meaning to their lives." They are also...
...across southeastern provinces - an area of China sometimes called the "workshop of the world" - and a new labor law passed by Beijing will only add to the burden. Jonathan Anderson, an economist at UBS in Hong Kong, says that factory owners in southern China believe the new law will drive labor costs another 10-25% higher. Among other provisions, the new law entitles laid-off workers to one month of severance pay for every year of employment. "In a case where an export market is going down, if you want to reduce your number of workers, then you face...
Poverty and lack of opportunity are not necessarily the factors that drive young men to commit violence in al-Qaeda's name. (Sheikh was middle class and educated at a private school.) "They view themselves as warriors willing to sacrifice themselves for the sake of building a better world," Sageman explains, "and this gives meaning to their lives." They are also younger and less visible, blending in with the Western societies they grew...
...liquidity but one of solvency," says Richard McGuire, a strategist at RBC Capital Markets in London. "It's not the cost of money but the unwillingness of banks to lend to one another owing to uncertainties ... that is the root of the credit crunch." That is, the Fed can drive down interest rates all it wants, but if lenders are charging their clients and one another much higher rates or are refusing to lend at all, you've still got a credit squeeze...
...should we celebrate all these celebrations? Yes, says William Paden, the author of Religious Worlds: The Comparative Study of Religion and a professor at the University of Vermont - at least to the extent that we revere the drive to carve out sacred time in the middle of the day-by-day profane. "Each of these religions is creating its own world, with its own time and space and memory system," he says. They recognize what's of real value, and they encode it, and it forms an architecture of memory." Yes, says Bruce Lawrence, the head of Islamic Studies...