An extended audio statement from Ayman al-Zawahiri, believed to have been made in mid-September, was posted on December 9 on the al-Safinat jihadi forum (http://202.71.102.108/~alsafnat/vb). Under the rubric "Four years on since the attacks on New York and Washington," and dated Sha'ban 1426 (September 2005), the 48-minute tape was produced by al-Sahab Media Productions, an organization that has come to be known as al-Qaeda's video production company. The statement is worth examining in detail since, amid the rhetoric of denunciation and challenge, it reveals much about the present state of morale within the al-Qaeda organization. The presentation, entitled Mu'awwiqat al-Jihad ("Obstacles to Jihad"),...