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...Kenya. Until a few weeks ago, this country of 37 million was a poster nation of the African renaissance, a term adopted by South Africa's President Thabo Mbeki to describe the continent's economic and political resurgence in recent years. After three decades beset by genocide, famine, AIDS and wars as obscure as they were endless, much of Africa is thriving. Soaring demand for resources like oil, timber and minerals--especially from China--has pushed annual economic growth for sub-Saharan Africa to more than 5% for four years running and is inching toward 7%, according to the International...

Author: /time Magazine | Title: The Demons That Still Haunt Africa | 1/10/2008 | See Source »

...volatile, jihadi-infested neighbor Somalia. Terrorists have occasionally slipped across Kenya's border, as in 1998, when al-Qaeda simultaneously bombed the U.S. embassies in Kenya and Tanzania, another neighbor. In 2007 the Bush Administration gave the government of President Mwai Kibaki about $1 billion in military and other aid. And there are special-operations soldiers based in Kenya at Manda Bay, on the coast just south of Somalia. The instability in Kenya has so alarmed the Administration that Secretary of State Condoleezza Rice reached out for help to an unlikely ally: Democratic presidential contender Barack Obama, whose father...

Author: /time Magazine | Title: The Demons That Still Haunt Africa | 1/10/2008 | See Source »

...million fellow sub-Saharan Africans? For the West, part of the answer lies in holding African governments accountable for the graft and misrule that sow popular disgruntlement. The West largely contents itself with the appearance of democracy in Africa, not the reality, and gives billions of dollars in aid to corrupt governments. "The World Bank runs around establishing anti-corruption commissions," says Joel Barkan, a senior associate at the Center for Strategic and International Studies in Washington who was in Kenya for the vote. "They have been singularly ineffective." In Kenya the IMF and the World Bank suspended aid...

Author: /time Magazine | Title: The Demons That Still Haunt Africa | 1/10/2008 | See Source »

...dollars, not just from South Korea but also from the U.S., Japan and China, will be needed to bring North Korea into the global economy - assuming, that is, that Kim Jong Il wants to join. Skeptics note that Kim has played this game before, feigning cooperation in return for aid, only to revert to belligerence and isolation. But the Bush Administration and experts in Seoul seem to believe things will be different this time. One of the South's foremost North Korea watchers, Koh Yu Hwan of Seoul's Dongguk University, says Kim has "already decided that grand bargain" - nukes...

Author: /time Magazine | Title: Prying Open Pyongyang | 1/9/2008 | See Source »

...such as private foundations—are already subject to the rule, as originally required by the Tax Reform Act of 1969. In a press release detailing the initiative, Yale President Richard C. Levin said the $307 million budget increase would go toward expanding scientific research and upping financial aid for students in an initiative set to be announced next week. That initiative is expected to parallel Harvard’s move last month to increase aid packages to students with family incomes from $120,000 to $180,000. Grassley, the highest Republican on the U.S. Senate?...

Author: By Clifford M. Marks and Nathan C. Strauss, CRIMSON STAFF WRITERS | Title: Yale Dips Deeper Into Its Endowment | 1/9/2008 | See Source »

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