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Europe stoops to conquer the Uzbeks

A controversial decision by Europe to lift an arms embargo on Uzbekistan comes as alarm bells are ringing in Central Asian capitals over a possible spillover of the Afghan war. Tashkent may be the key to a northern supply corridor, but regional leaders - increasingly skeptical of the West's will to win and the prospect of "Afghanization" - are bracing for a Taliban victory. - M K Bhadrakumar (Oct 29, '09)

Strong messages in Pakistan
The primary job of United States Secretary of State Hillary Clinton during her visit to Pakistan is to relay the message to both its civilian and military leadership that it would be wise to join the US in fighting extremists as part of the war in Afghanistan. The massive car bomb that killed 105 people in Peshawar on the day of her arrival is the militants' message. (Oct 29, '09)

Rivals fiddle while Kabul burns
As President Hamid Karzai and his rival Abdullah Abdullah scramble to secure political alliances and argue technicalities ahead of next month's presidential runoff, a brazen attack on a United Nations guesthouse in Afghanistan's capital highlights the Taliban's resolve to derail the vote. Monday's violence underscores that even a resounding win for Karzai does not guarantee he will form a strong, credible government. - Abubakar Siddique (Oct 29, '09)

SPEAKING FREELY
Hamid Karzai: Afghanistan's Diem
Fresh revelations of the Hamid Karzai government's opium trade links and the alleged involvement of the Central Intelligence Agency render the United States role in Afghanistan more murky and contradictory. With all the attention on General Stanley McChrystal's troop increase demand, historical perspective has been lost. We are back in Ngo Dinh Diem's Saigon of 1963. - Michael Wallach (Oct 29, '09)


A turkey hunt in Iraq
Rather than finding those who struck at Baghdad's Green Zone in August, killing 100 people, Iraqi Prime Minister Nuri al-Maliki searched for political scapegoats to protect his own neck. There has been more of the same in the wake of Sunday's bombings that killed at least 150 people, leaving the terrorists at will to strike again. - Sami Moubayed (Oct 29, '09)

SINOGRAPH
China no longer
a law unto itself

China and the West, in particular ancient Rome and Greece, followed markedly different routes on the way to developing the legal systems in use today. The West was notably influenced by the needs of merchants and the market place for equitable regulation, while China saw this as a threat to central power. As China steps onto the international stage, it will have to reconcile such differences. - Francesco Sisci (Oct 22, '09)

In Cambodia, a threatened tribe of Islam
The distinct practices of the Cambodian Imam San community, which blend Islam and animism, are seen by many Muslims as impure. Adding to the group's estrangement, its members have rejected foreign-funded incentives to convert to more orthodox Islam amid concern over the possible radicalizing influence of foreign teaching. - Brendan B Brady (Oct 29, '09)

Bollywood gets political
Times are changing in Bollywood. No longer just a song-and-dance film industry, India's massive movie machine is moving ahead of the curve both politically and socially, with recent productions, one featuring box office star, Shahrukh Khan, pushing viewers to address issues of communal relations and religious intolerance. - Noor Iqbal (Oct 29, '09)



Helicopter rumors refuse to die
The United States is battling yet another rumor in Afghanistan, that Western forces are using helicopters to transport Taliban fighters from the volatile south to the north of the country. Officials have dismissed the claims as rubbish, but locals are sticking to their stories. - Ahmad Kawoosh (Oct 28, '09)

Taliban take over Afghan province
Following the withdrawal of United States troops from key bases, the Taliban have taken control of Afghanistan's Nuristan province. It is now under Qari Ziaur Rahman, a Taliban commander with strong ties to Osama bin Laden and al-Qaeda. With this haven, the Taliban's first goal is to disrupt next month's runoff presidential election, then to assist militants in Pakistan. - Syed Saleem Shahzad (Oct 28, '09)


VIDEO
Nuristan's top gun
Qari Ziaur Rahman, the Taliban commander who has assumed control of Nuristan province, represents the new breed of anti-United States leaders. Syed Saleem Shahzad interviewed him last year.

US report tarnishes Sri Lanka victory
A United States report on human-rights abuses during the Sri Lankan government's final offensive on the separatist Liberation Tigers of Tamil Eelam finds that while the rebel group used child soldiers and human shields, the government shelled civilian populations and badly neglected refugees' rights. (Oct 28, '09)

Bring on the banking dullards
Is it fair that a banker comfortable with annual income of US$30 million should now, under government dictat, earn only one-third of that? When the competence hitherto rewarded helps bring about a financial crisis on the scale recently witnessed - yes. If such lower rewards bring back banking dullards - again, yes. - Julian Delasantellis (Oct 28, '09)

China hawks target US sign-off shuffle
United States President Barack Obama has delegated presidential power of scrutinizing and approving exports of missile- and space-related technology to the Commerce Department. But anyone who thinks that Obama has suddenly rewritten the rulebook when it comes to exports of missile and space-related technology to China is mistaken. - Peter J Brown (Oct 28, '09)

Britain's Afghan role in question
The British government has hinted that the Barack Obama administration's "wavering" on the war in Afghanistan is hampering progress there. This ignores the fact that Britain's own military contribution is undermined by its unfavorable colonial legacy, poorly received anti-narcotics campaigns and tense relations with a key Afghan player, Iran. - Kaveh L Afrasiabi (Oct 28, '09)

China leads solar home revolution
Chinese homes are increasingly likely to carry a solar water heater on the roof, with one in 10 families already getting electricity from the devices. This is attracting overseas investment into the fragmented market, while local companies are also boosting sales overseas. - Ryan Rutkowski (Oct 28, '09)

Yuan gaining currency beyond borders
Beijing's apparent disinterest in developing a policy on the convertibility of the yuan has given way since the global financial crisis to a clear determination to increase international use of the Chinese currency, particularly by its Asian neighbors. The launch in January of the China-ASEAN free trade area will help to accelerate this regionalization of the currency. - Russell Hsiao (Oct 28, '09)

Gates gets grumpy in Tokyo
United States Secretary of Defense Robert Gates expected to leave Japan with a firm agreement in place for the relocation of the US Marine Corps base from Okinawa to Guam. But the recently elected Democratic Party of Japan played hardball, leaving Gates empty-handed. This and other disputes are a sign that Tokyo and Washington may be drifting apart after decades of close alliance. - Peter J Brown (Oct 27, '09)

As ASEAN dithers, the US circles
The rhetoric used at the latest summit of the Association of Southeast Asian Nations risks generating false expectations of the 10-member grouping developing into a nascent European Union. Certainly, progress was made on economic integration, but such issues as dealing with Myanmar remain unresolved, which sends a mixed message to the United States as it ponders its engagement in the region. - Simon Roughneen (Oct 27, '09)

Kerry argues for counter-insurgency lite
The death on Monday of 14 United States troops in two helicopter accidents - the single-deadliest day for US forces in Afghanistan in more than four years - adds to the urgency for the administration of President Barack Obama to settle on its war strategy. Democratic Senator John Kerry, following an extended visit to the country, spells out his vision for counter-insurgency operations. - Jim Lobe (Oct 27, '09)

Welcome to 2025
An affiliate of the United States Central Intelligence Agency has predicted that America's global pre-eminence will gradually disappear over the next 15 or so years. Six recent developments - including reports on America's economic rivals exploring a diminished role for the US dollar and Chinese rebuffs of the US over strengthening sanctions on Iran - indicate we are already entering that era. - Michael T Klare (Oct 27, '09)

Afghan fury at Koran burning claims
Allegations that American forces burned copies of the Koran during a recent raid in central-eastern Afghanistan have led to a series of protests, including two in the capital, Kabul. The United States military denies the charges, saying Taliban insurgents are behind the burnings. - Abdullah Obaidi (Oct 27, '09)

Beijing runs a diplomatic marathon
From the Americas to Europe to Asia, Chinese leaders this autumn are engaged in wide-ranging diplomacy to play up the country's status as a near superpower that is also a responsible stakeholder in the world community. The danger in Beijing's no-holds-barred projection of military and diplomatic prowess is that it may also render the "China threat" theory more credible. - Willy Lam (Oct 27, '09)

India lost in 'love jihad'
Religious groups in India's Kerala state say young Muslim men are luring non-Muslim girls into marriage as part of an organized campaign of forced conversions to Islam. Dubbed "love jihad", the phenomenon has sparked police investigations and national security fears. It has even united Hindu and Christian groups previously at loggerheads over the sensitive issue of religious conversions. - Sudha Ramachandran (Oct 27, '09)

THE BEAR'S LAIR
Where have the savers gone?
Numerous steps that could encourage a higher savings rate in the United States are possible - but would prove unpopular. With the alternative a future along the path taken by Argentina, the pain would be worth it. - Martin Hutchinson (Oct 27, '09)

US threats prompted Iran nuclear facility
The United States has accused Iran of duplicity over the construction of a second uranium enrichment facility at Qom, and says Tehran only revealed its existence once the Iranians realized that Washington knew about it. Yet US intelligence estimates tell a very different story, one in which Iran carefully reacted to what appeared to be an imminent US strike against it. - Gareth Porter (Oct 26, '09)

SUN WUKONG
Insurers denied run of property
The Chinese government's decision to allow insurance companies to invest some of their near US$500 billion in holdings directly in real estate has property developers keenly anticipating a new inflow of cash. Yet the red tape with which Beijing is tying up the reform should be sufficient to ensure no quick bucks - or sharp losses - for anyone. - Wu Zhong (Oct 26, '09)

CHAN AKYA
The truth about banks and dogs
Over-aggressive, yappy and totally incapable of fending for themselves - today's banks are similar to small breeds of dogs created by man's manipulation of nature. Banks know full well that any misstep will lead to a government rescue, just as Chihuahuas and Pekinese turn into furry balls of trembling fear without their masters. (Oct 23, '09)

US zeroes in on China's clout in Myanmar
A senior United States State Department mission is going to Myanmar to ostensibly discuss democracy and human rights, but the subtext will clearly be boosting ties and building influence in a country long considered to be in China's diplomatic pocket. The competition between Washington and Beijing for influence in Southeast Asia could hinge on how Myanmar's generals react. - Brian McCartan (Oct 23, '09)

Hour of decision on Iran
Iran, Russia, the United States and France are considering a draft agreement that would see low-enriched Iranian uranium further processed in Russia and France before being returned to Iran for use at a research reactor. The deal has the potential to significantly defuse the crisis over Iran's nuclear program, but Tehran is wary of making any hasty decisions. - Kaveh L Afrasiabi (Oct 23, '09)

Korean summit not such a sick idea
As Washington pledges continuous military support for South Korea and issues cautious words for the North, South Korean media are hinting that an inter-Korean summit might not be as absurd an idea as previously believed. Maybe the Dear Leader will go on a medical tourism journey to Seoul. - Donald Kirk (Oct 23, '09)

<IT WORLD>
Windows users in seventh heaven
Microsoft's new operating system, Windows 7, was launched with promises the software will deliver above and beyond its much-maligned predecessors. With Google and Apple snapping at its heels, Microsoft has finally introduced a new version that doesn't require expensive hardware upgrades to run it.
Martin J Young surveys the week's developments in computing, science, gaming and gizmos. (Oct 23, '09)

America, condoms and the Taliban
The United States didn't seem to care that it was unprecedented for a tribal chief like Afghan President Hamid Karzai to be made to admit defeat in front of his people - as he did in a press conference to announce a run-off election. Whether Karzai was efficient or corrupt is no more the issue. The crux now is the Afghan perception that Westerners use their friends like condoms - to be discarded after use. - M K Bhadrakumar (Oct 22, '09)

AN ATol EXCLUSIVE
Al-Qaeda's guerrilla chief lays out strategy
The top field commander of al-Qaeda, in an exclusive interview with Asia Times Online, proves he is alive and well after repeated drone attacks and delineates in broad strokes al-Qaeda's strategy. The Afghanistan trap, baited on September 11, 2001, has been sprung, says formidable guerrilla leader Ilyas Kashmiri, and events from Gaza to Mumbai should not be seen in isolation but as part of the master plan to bloody the United States and its proxies. - Syed Saleem Shahzad (Oct 14, '09)
David P Goldman
(Oct 28, '09)
The administration has [been] handing money to favored projects - and the grassroots economy gets crushed.



Peshawar blast adds
to investor woes

The Peshawar car bomb blast that killed at least 105 people on Wednesday will add further pressure on overseas investors to turn their backs on strife-torn Pakistan, after foreign direct investment tumbled by more than 58% last month from a year ago. - Syed Fazl-e-Haider

Lesson unlearned
Eighty years after the market crash in the United States that led to the Great Depression, the "lessons" learned from that grim period have since been accepted by central bankers, in particular the role of monetary policy. They have also given birth to an economics of instability. The real lesson is that weak national economies must seek redress through economic nationalism. - Henry CK Liu

Turkmenistan gas sets Ciceronian riddle
Reports emerging from "confidential sources" in Russia and Turkmenistan cast doubt on the spectacular volumes of gas resources claimed by Turkmenistan and verified independently last year by a British firm. The first question to ask is: who might gain from such doubts? - Robert M Cutler

Inflation by stealth
The very fact that prices for most goods in the United States are holding steady when the economy is in its present black hole indicates that inflation, far from being absent, is all too present, lurking in the shadows like a ninja. Once it strikes, price rises will be fast and deadly. - John Browne

FROM THE BLOG
Credit crunch worsens
The credit crunch in the United States is getting worse, not better, with year-on-year percentage growth in commercial and industrial loans at a negative 10%, the worst during the 60 years in which records have been kept. - David Goldman




CREDIT BUBBLE BULLETIN
Mortgage madness
US Federal Reserve claims that prices of mortgage-backed securities are likely to fall when it eventually begins offloading them are far-fetched. Not only will the Fed have to live with exposure to the securities for years to come; Washington's mortgage risk will at some point make or break the US dollar. (Oct 26, '09)
Doug Noland looks at the previous week's events each Monday.

MARKET RAP
Asia stops to catch its breath
Aside from the significant exceptions of Shanghai, Hong Kong and India, the region's markets remained largely neutral. By far the biggest gainer on the week, Shanghai, may now have a clear field for a charge. (Oct 23, '09)
R M Cutler runs his eye over the ups and downs in the week's markets.





"... Compare the behaviour of the Western banks to those of the Asian banks from 12 years ago. You don't see term mismatches on assets and liabilities, pretty much no Asian bank today has loans in excess of deposits, nor a huge amount of higher risk lending ... .The landscape is relatively clean, banks are well managed and more importantly, very very liquid: all due to their near-death experiences of a dozen years ago ... . This contrast ... is what drove me to examine the behaviour [of Western banks]. About the only reasonable comparison that seemed remotely plausible was that of small dogs ..." - Chan Akya

From Our Mailbox
[Re China's culture offensive hits a wall, October 27] Perhaps the ideal approach to addressing Western Sinophobia would be to address insecurities on the part of Western society towards China from a perspective of pluralism, acceptance, understanding and common ground. It's really not that hard; you simply have to empty your cup.
Hank
Australia
   Go to Letters to the Editor



1. Helicopter rumors refuse to die

2. Taliban take over Afghan province

3. US report tarnishes Sri Lanka victory

4. Gates gets grumpy in Tokyo

5. Bring on the banking dullards

6. China hawks target US sign-off shuffle

7. Yuan gaining currency beyond China's borders

8. Welcome to 2025

9. China leads solar home revolution

10. Britain's Afghan role in question

(24 hours to 11:59pm ET, Oct 28, 2009)

Pick of the month Sep 2009
THE ROVING EYE

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