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Showing posts from September, 2014
(FRANKS..) (CNN) -- One man more interested than most in what President Barack Obama will have to say in his address to the nation Wednesday night is al Qaeda leader Ayman al-Zawahiri. In his hideout somewhere in Pakistan or Afghanistan, he will likely be hoping that the President sets out a plan to exterminate the Islamic State in Iraq and Syria (ISIS), a group that has eclipsed al Qaeda and made al-Zawahiri seem virtually irrelevant. Al-Zawahiri and the core of al Qaeda are locked in battle with ISIS for the leadership of the global jihadist movement -- offering very different visions and strategies. ISIS was expelled from al Qaeda in February after rejecting al-Zawahiri's demand that it restrict its activities to Iraq. ISIS has captured the imagination of a new generation of jihadists -- from Arab and European states alike -- with its ruthless pursuit of a Caliphate, dramatic territorial gains and relentless propaganda machine. Its chilling brutality to...

Ferrari chairman Luca Di Montezemolo to quit after 23 years

(FRANKS..) Ferrari's Luca Di Montezemolo is to step down as long-time chairman of the Formula 1 team. His departure follows a poor season on the track and disagreements with Sergio Marchionne, chief executive officer of parent company Fiat. "This is the end of an era after almost 23 marvellous and unforgettable years," said Di Montezemolo, 67. "It has been a great privilege." Marchionne will replace Di Montezemolo, who leaves the role on 13 October. Ferrari have not won a drivers' or constructors' title since 2008 and are in the midst of their least competitive season for 20 years. The team had their worst result of the year at the Italian Grand Prix on Sunday when Fernando Alonso retired with a hybrid system failure and team-mate Kimi Raikkonen finished ninth. It is in stark contrast to their dominance of F1 in the late 1990s and early 2000s when seven-time world champion Michael Schumacher led the team to...