Ayman al-Zawahiri (shown here in a still image posted online by al-Qaida in July) replaced Osama bin Laden at the top of al-Qaida's leadership. Some argue that eliminating a few key leaders would significantly weaken the group; others say the more dangerous threat — from al-Qaida affiliates — would be unaffected by changes in the group's core leadership.
A debate is raging in the intelligence community about what it means to defeat al-Qaida. Because America's efforts to capture or kill al-Qaida's key members have been so effective, some officials say the core group — al-Qaida's founders and longtime members hiding out in Pakistan — is near collapse.
One camp, which includes members of the Obama administration, says al-Qaida's core group is three to five members away from collapse. Others, however, say with al-Qaida affiliates gathering strength, any victory over the core will be a hollow one.
The Congressional Research Service estimated direct U.S. banking exposure in troubled European economies at $641 billion. U.S. banks say the amount is much lower.
For months now, Europe's debt crisis has hung ominously over the U.S. markets and economy. But even as U.S. banks begin lessening their investments in Europe, it remains difficult to quantify the threat they face.
Joseph Heller, pictured above in October 1974, based Catch-22 on his own experiences as a bombardier in World War II. Heller died in 1999 at age 76.
Credit The Kobal Collection / Paramount/Filmways
In the 1970 film adaptation of Joseph Heller's novel, physician "Doc" Daneeka (left), played by Jack Gilford, explains the Catch-22 paradox to Capt. John Yossarian (Alan Arkin): "Anyone who wants to get out of combat isn't really crazy," Daneeka says.
Fifty years ago, a new phrase began to make its way into American conversations: "Catch-22." Joseph Heller's irreverent World War II novel — named for the now-famous paradox — was published on Oct. 11, 1961. His take on war meshed perfectly with the anti-authoritarian generation that came of age in the 1960s. And now, a half-century later, the predicament of a no-win trap still resonates with a new crop of young people distrustful of their elders.
A gunman opened fire killing six and wounding three others at an Orange County, Calif. hair salon this afternoon. The Orange County Register reports that the shooting rampage is one of Seal Beach's worst mass killings.
Originally published on Wed October 12, 2011 4:42 pm
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Rep. Tim Huelskamp (R-Kan.) and billionaire Warren Buffett have been involved in a cordial back-and-forth about Buffett's now-famous New York Times op-ed in which he implored the government to raise his taxes.