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With much of the world’s attention focused on the economic crisis and now the terrorist attacks in India, a noteworthy anniversary has passed. On November 27, 2007, President George W. Bush and Secretary of State Condoleezza Rice convened an international peace conference in Annapolis, Maryland. The ultimate goal, Bush declared, was to achieve, by the end of 2008, an agreement that would create a Palestinian state ‘living side by side with Israel in peace and security.’ One year later, it does not look like this ambitious timeline will be met.The Annapolis process was seriously flawed from its inception. The Bush administration agreed to assist the Israelis and Palestinians in their bilateral negotiations, but declared it would not play the role of active broker, even if the talks bogged down. Negotiated settlements need third party mediation–especially, as in this case, when there is an absence of trust among the parties in conflict. And the United States has always been the only country with the clout and credibility to broker a deal between the Israelis and Palestinians.