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...offered to help us with anything." But today, Worawi, who once sat on Manchester City's board of directors, will not say who is bankrolling the best-paid man in Thai football. The matter is "confidential," he says. Is it Thaksin? "I don't want to answer that question," replies Worawi, his voice rising. Asked the same question, Reid offers a bizarre nondenial: "Not as far as I know...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

...more urgent by the global economic crisis. As China's double-digit growth rate plummets, thousands of factories are being shut down and millions of workers are being thrown onto the streets. They will need jobs in the years to come, and the Chinese government is scrambling for an answer to Zhang's plaintive question as he prepares to return to his native Sichuan province: "What am I going to do after I get home...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...line was: "This is primarily an American issue." Finally, on Nov. 20, Putin admitted that Russia, too, was in trouble. Announcing a $20 billion economic-stimulus package and an increase in unemployment benefits, he said Russians were asking "a fair question" when they wondered about what was happening. His answer: "We will do everything, everything in our power ... so that the collapses of the past years should never be repeated in our country." Says Alexander Kliment, a Russia analyst at the Eurasia Group in New York City: "The Russian leadership turned a blind eye to this crisis until it ended...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...Salnikov from the village of Tirlyansky, near the Urals region of central Russia. "We are a young and currently jobless family," said Salnikov. "Most locals are also unemployed because they used to work for the metallurgical sector. What are we supposed to do in this situation?" Putin's vague answer: "Private and public authorities will have to draft an entire range of measures in an effort to preserve jobs...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...parts stores outside into a world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people - mainly women in their 20s - sit side by side in booths and field calls from Russians wanting to borrow money. Most of the time the answer they give is a resounding yes. Owned by the French bank Société Générale, Rusfinance is aiming to build a massive presence in Russia. Back in Paris, SocGen's chief executive Frédéric Oudéa even talks about Russia becoming...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

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