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...Ukraine after raising the price of the commodity by 400% - and the less contentious areas of education and infectious disease. But the main focus of attention will be Russia itself: a Russia awash in oil money and emboldened by it, becoming less free at home and more assertive abroad, in ways that have increasingly disappointed and worried leaders who used to talk of a "strategic partnership" but now fear, as one scholar recently put it, that "Russia is leaving the West." The George W. Bush who in 2001 said of Putin that "I looked...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...Reclaiming The Hood An important priority for a re-energized Russia has been the "near abroad": the former territories of the Soviet empire. To watch what were once coerced satellites like Estonia and Poland rush to join nato and the E.U. has been hard enough. But the nato membership likely to be sought by Ukraine, which shares a 2,063-km border with Russia, raises primal fears of encirclement. Kremlin propaganda already blames the sudden collapse of empire and economic dislocation on perfidy by ingrate "junior brothers" such as Ukraine, as well as hostile plots by the U.S. and nato...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...addition to planning better, you can also make smarter investments. Given the U.S. fiscal mess, investing abroad is a good idea. Try to avoid inflation-sensitive investments, like long-term bonds, and other potential traps, including waiting to withdraw your 401(k) balances until after tax rates have risen. You may also want to purchase real estate, commodities and collectibles that should retain their purchasing power over time. Borrowing at what are still very low long-term interest rates and investing in U.S. inflation-protected bonds may also make sense...

Author: /time Magazine | Title: The Time to Plan Is Now | 7/2/2006 | See Source »

...spate of good news at home and abroad has so far failed to boost how Americans feel about President Bush's job performance. Bush's approval rating slipped to 35% in a TIME poll taken this week, down from 37% in March (and 53% in early 2005). Only 33% of Americans in the survey said they approved of Bush's handling of the situation in Iraq, vs. 35% in March, and 47% in March 2005. His management of the U.S. economy lost supporters, too, as 36% approved, compared with 39% three months earlier. Bush's handling...

Author: /time Magazine | Title: Poll: Good News Fails to Boost Bush's Job Approval | 6/30/2006 | See Source »

...feds are monitoring nonverbal forms of contact too. As revealed last week, a U.S. deal with an international banking consortium, SWIFT, lets intelligence officials look at the financial transactions of suspected terrorists. In its pursuit of serious jihadists with moneyed connections abroad (a category the FBI admits Seas of David does not belong in) the program, run out of the CIA, targets millions of bank transfers, some of which appear to have involved U.S. residents, or even U.S. citizens, and many others that...

Author: /time Magazine | Title: The Jihadi Next Door? | 6/25/2006 | See Source »

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