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...which there are no observable market prices--meaning that their valuation is determined by guesstimation--and is involved with another $167 billion in off-the-books CDOs and special investment vehicles. The normally mild-mannered stock and credit analysts who follow the firm reacted with downgrades and criticism--their main complaint being that Citi had been so slow in fessing up to problems that they fear more to come...
...their deal might still be on. Speaking with TIME, she said she wanted an immediate return to the constitution, for Musharraf to step down as army chief, and for elections to go ahead in January as planned. "My faith has certainly been shaken," Bhutto told TIME. But if her main demands are met, she continued, "then we can say that all that has occurred, we will let it drop...
...there's little real danger of extremists coming to power, no matter what happens to Musharraf. The Pakistani army is still largely secular. The main political parties--Bhutto's PPP and Sharif's Pakistan Muslim League--are moderate. But continued U.S. support for an unpopular Musharraf may complicate Washington's relations with any future civilian government. Pakistanis see Musharraf as America's man and regard U.S. calls for democracy as insincere. "Musharraf is an enemy of Pakistan," says Akhtar Qazi, a 71-year-old retired schoolteacher with anger to match her brightly hennaed hair. "We sacrificed our lives for Pakistan...
...Yiddish Literature Professor Ruth R. Wisse said that free speech is not Matory’s main concern...
...wooing his host was Sarkozy's main priority during his first official visit as president to the U.S., the message was lost on nobody back home. The leftist daily Libération headlined with Sarkozy's "French Kiss," while conservative rival Le Figaro noted "Sarkozy Hails Franco-American Friendship." Le Parisien similarly observed "Sarkozy Declares Love for the United States"; however, the newspaper acknowledged the remaining differences by beginning its story on his Washington triumph by using the notorious Bush boast "Mission Accomplished". Other French reports were more pointed on how Franco-American policy views often diverge beneath...