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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • New Zealand's David Fa'alogo, on ground, and Jeremy Smith, top, right, clash with Australia's Anthony Laffranchi  (11) during the Rugby League World Cup Final game between Australia and New Zealand in Brisbane, Australia, Saturday, November 22, 2008. From AP Photo by Tertius Pickard.

      New Zealand's David Fa'alogo, on ground, and Jeremy Smith, top, right, clash with Australia's Anthony Laffranchi (11) during the Rugby League World Cup Final game between Australia and New Zealand in Brisbane, Australia, Saturday, November 22, 2008.

    • Horses graze in a snow-covered field in Sullens, near Lausanne in western Switzerland, November 22, 2008. From Reuters Pictures by REUTERS.

      Horses graze in a snow-covered field in Sullens, near Lausanne in western Switzerland, November 22, 2008.

    • This handout photo shows New Zealand's Benji Marshall (C) performing the "haka" in front of the Australian team (L) prior to the final of the Rugby League World Cup between Australia and New Zealand in Brisbane on November 22, 2008. New Zealand went on to win the title 34-20. From Getty Images by AFP/Getty Images.

      This handout photo shows New Zealand's Benji Marshall (C) performing the "haka" in front of the Australian team (L) prior to the final of the Rugby League World Cup between Australia and New Zealand in Brisbane on November 22, 2008. New Zealand went on to win the title 34-20.

  • Recently starred
    • A boy walks through a muddy puddle of water in a camp for Internally Displaced People (IDPs) in Kibati, just north of the provincial capital city of Goma, on November 9, 2008. At least 100 cases of cholera have been reported in the Democratic republic of Congo's troubled eastern region, Medecins Sans Frontieres (MSF - Doctors Without Borders) said on November 4, 2008."There have been 69 cases of cholera in the four displaced persons camps around Goma over the past week, and 20 in Kitchanga. In Buturande, near Rutshuru, there are five to 10 new cases per day," the medical charity said in a statement. From Getty Images by AFP/Getty Images.

      A boy walks through a muddy puddle of water in a camp for Internally Displaced People (IDPs) in Kibati, just north of the provincial capital city of Goma, on November 9, 2008. At least 100 cases of cholera have been reported in the Democratic republic of Congo's troubled eastern region, Medecins Sans Frontieres (MSF - Doctors Without Borders) said on November 4, 2008."There have been 69 cases of cholera in the four displaced persons camps around Goma over the past week, and 20 in Kitchanga. In Buturande, near Rutshuru, there are five to 10 new cases per day," the medical charity said in a statement.

    • GOMA, DR CONGO - NOVEMBER 10:  A Congolese boy, ill with Cholera, is treated in a clinic at the Don Bosko orphanage November 10, 2008  in the town of Goma, Congo. Over 250,000 people have been displaced after fighting erupted between the rebel CNDP and the army in the last several weeks. According to reports, violence continues despite a cease fire declared by (CNDP) rebel leader General Laurent Nkunda, whose stated goal is to defend Congo's Tutsi minority from Hutu militias and to bring down a corrupt government. From Getty Images.

      GOMA, DR CONGO - NOVEMBER 10: A Congolese boy, ill with Cholera, is treated in a clinic at the Don Bosko orphanage November 10, 2008 in the town of Goma, Congo. Over 250,000 people have been displaced after fighting erupted between the rebel CNDP and the army in the last several weeks. According to reports, violence continues despite a cease fire declared by (CNDP) rebel leader General Laurent Nkunda, whose stated goal is to defend Congo's Tutsi minority from Hutu militias and to bring down a corrupt government.

    • A Congolese holds the hand of a child suffering from cholera in North Kivu province in the Democratic Republic of Congo in this November 11, 2008 photo released today by Medecins Sans Frontieres. Picture taken November 11, 2008. From Reuters Pictures by REUTERS.

      A Congolese holds the hand of a child suffering from cholera in North Kivu province in the Democratic Republic of Congo in this November 11, 2008 photo released today by Medecins Sans Frontieres. Picture taken November 11, 2008.

    • A cholera patient lies in a bed at the Don Bosco center in Goma in eastern Congo, November 20, 2008. Fighting in eastern Congo has displaced hundreds of thousands of civilians in recent weeks, with 386 familes taking shelter in the Don Bosco school compound. There are currently 43 cholera cases among the total of 1,519 people seeking refuge at the school. From Reuters Pictures by REUTERS.

      A cholera patient lies in a bed at the Don Bosco center in Goma in eastern Congo, November 20, 2008. Fighting in eastern Congo has displaced hundreds of thousands of civilians in recent weeks, with 386 familes taking shelter in the Don Bosco school compound. There are currently 43 cholera cases among the total of 1,519 people seeking refuge at the school.

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Morgan Stanley's Head of European Equity Capital Markets Emmanuel Gueroult (R) and Head of UK Financial Institutions Group William Chalmers speak at the Reuters Global Finance Summit in London November 11, 2008. From Reuters Pictures by REUTERS.

Morgan Stanley's Head of European Equity Capital Markets Emmanuel Gueroult (R) and Head of UK Financial Institutions Group William Chalmers speak at the Reuters Global Finance Summit in London November 11, 2008.

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Morgan Stanley's Head of UK Financial Institutions Group William Chalmers speaks at the Reuters Global Finance Summit in London November 11, 2008. From Reuters Pictures by REUTERS.

Morgan Stanley's Head of UK Financial Institutions Group William Chalmers speaks at the Reuters Global Finance Summit in London November 11, 2008.

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Morgan Stanley's Head of European Equity Capital Markets Emmanuel Gueroult speaks at the Reuters Global Finance Summit in London November 11, 2008. From Reuters Pictures by REUTERS.

Morgan Stanley's Head of European Equity Capital Markets Emmanuel Gueroult speaks at the Reuters Global Finance Summit in London November 11, 2008.

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In this Oct. 14, 2008 file photo, people enter Morgan Stanley headquarters in New York. Morgan Stanley said it plans to lay off more than 2,000 employees and hired two new commercial-bank executives as it continues to evolve into a more conservative financial institution. From AP Photo by Mark Lennihan.

In this Oct. 14, 2008 file photo, people enter Morgan Stanley headquarters in New York. Morgan Stanley said it plans to lay off more than 2,000 employees and hired two new commercial-bank executives as it continues to evolve into a more conservative financial institution.

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People enter Morgan Stanley headquarters, Tuesday, Oct. 14, 2008 in New York. Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The government will be buying preferred stock in Morgan Stanley, one of the country's largest financial institutions. From AP Photo by Mark Lennihan.

People enter Morgan Stanley headquarters, Tuesday, Oct. 14, 2008 in New York. Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The government will be buying preferred stock in Morgan Stanley, one of the country's largest financial institutions.

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People enter Morgan Stanley headquarters, Tuesday, Oct. 14, 2008 in New York. Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The government will be buying preferred stock in Morgan Stanley, one of the country's largest financial institutions. From AP Photo by Mark Lennihan.

People enter Morgan Stanley headquarters, Tuesday, Oct. 14, 2008 in New York. Wall Street fluctuated Tuesday as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The government will be buying preferred stock in Morgan Stanley, one of the country's largest financial institutions.

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WASHINGTON - OCTOBER 13:  Morgan Stanley CEO John Mack (L) and Citigroup CEO Vikram Pandit (R) leave a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund. From Getty Images.

WASHINGTON - OCTOBER 13: Morgan Stanley CEO John Mack (L) and Citigroup CEO Vikram Pandit (R) leave a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund.

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WASHINGTON - OCTOBER 13:  Morgan Stanley CEO John Mack (L) and Citigroup CEO Vikram Pandit leave a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund. From Getty Images.

WASHINGTON - OCTOBER 13: Morgan Stanley CEO John Mack (L) and Citigroup CEO Vikram Pandit leave a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund.

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WASHINGTON - OCTOBER 13:  Morgan Stanley CEO John Mack leaves a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund. From Getty Images.

WASHINGTON - OCTOBER 13: Morgan Stanley CEO John Mack leaves a meeting at the Treasury Department October 13, 2008 in Washington DC. U.S. Treasury Secretary Henry Paulson invited the heads of major U.S. banks to meet at the Treasury Department while world banking chiefs are in Washington for meetings of the World Bank and the International Money Fund.

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WASHINGTON - OCTOBER 13:  Morgan Stanley CEO John Mack arrives at the Treasury Department October 13, 2008 in Washington DC. Treasury Secretary Paulson invited the heads of major banks to the meet with him at the Treasury Department. From Getty Images.

WASHINGTON - OCTOBER 13: Morgan Stanley CEO John Mack arrives at the Treasury Department October 13, 2008 in Washington DC. Treasury Secretary Paulson invited the heads of major banks to the meet with him at the Treasury Department.

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Traffic passes Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies. From AP Photo by Mark Lennihan.

Traffic passes Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies.

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Traders crowd the post that handles Morgan Stanley on the floor of the New York Stock Exchange, Monday Sept. 22, 2008. Wall Street fell in early trading Monday as investors nervously awaited further news about the government's plan to buy $700 billion in banks' mortgage debt. From AP Photo by Richard Drew.

Traders crowd the post that handles Morgan Stanley on the floor of the New York Stock Exchange, Monday Sept. 22, 2008. Wall Street fell in early trading Monday as investors nervously awaited further news about the government's plan to buy $700 billion in banks' mortgage debt.

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Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Investment bank Morgan Stanley said Monday it signed a letter of intent to sell up to 20 percent of the company to Mitsubishi UFJ Financial Group Inc. From AP Photo by Mark Lennihan.

Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Investment bank Morgan Stanley said Monday it signed a letter of intent to sell up to 20 percent of the company to Mitsubishi UFJ Financial Group Inc.

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Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies. From AP Photo by Mark Lennihan.

Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies.

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Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies. From AP Photo by Mark Lennihan.

Stock tickers light up Morgan Stanley headquarters Monday, Sept. 22, 2008 in New York. Late Sunday, the Federal Reserve granted Goldman Sachs and Morgan Stanley, the country's last two major investment banks, approval to change their status to bank holding companies.

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An employee leaves the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters. From Reuters Pictures by REUTERS.

An employee leaves the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

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An employee enters the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters. From Reuters Pictures by REUTERS.

An employee enters the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

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The trading price of $17.75 for Morgan Stanley (MS) rolls across the stock ticker on the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters. From Reuters Pictures by REUTERS.

The trading price of $17.75 for Morgan Stanley (MS) rolls across the stock ticker on the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

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The trading price of $16.00 for Morgan Stanley (MS) rolls accross the stock ticker on the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters. From Reuters Pictures by REUTERS.

The trading price of $16.00 for Morgan Stanley (MS) rolls accross the stock ticker on the Morgan Stanley headquarters building in New York's Times Square, September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

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The trading price of $16.03 for Morgan Stanley (MS) rolls across the stock ticker on the Morgan Stanley headquarters building in New York's Time's Square September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters. From Reuters Pictures by REUTERS.

The trading price of $16.03 for Morgan Stanley (MS) rolls across the stock ticker on the Morgan Stanley headquarters building in New York's Time's Square September 18, 2008. Morgan Stanley, which saw its stock pummeled Wednesday on worries it may not survive the credit crunch, has held preliminary takeover talks with Wachovia Corp, a person familiar with the situation told Reuters.

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NEW YORK - SEPTEMBER 18:  A worker walks past Morgan Stanley headquarters in Times Square September 18, 2008 in New York City. Morgan Stanley and Wachovia Corp. are reportedly discussing a possible merger following the collapse of Lehman Brothers Holdings Inc. From Getty Images.

NEW YORK - SEPTEMBER 18: A worker walks past Morgan Stanley headquarters in Times Square September 18, 2008 in New York City. Morgan Stanley and Wachovia Corp. are reportedly discussing a possible merger following the collapse of Lehman Brothers Holdings Inc.

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