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...true with the US now, the time when the government needs money the most is when commerce is contracted and the tax base is under pressure. The conglomerates and the moguls are easy targets, until they, too, are destroyed by the worst of the economy. Suddenly, there is nothing left...

Author: /time Magazine | Title: Requiem for the Rich | 2/26/2009 | See Source »

...Kyrgyzstan BYE-BYE, BASE Kyrgyzstan's parliament voted to unilaterally terminate a U.S. lease on Manas Air Base (above), the only such facility left in central Asia, depriving Washington of a crucial staging point for troops, munitions and cargo destined for Afghanistan. Moscow, which has opposed America's presence in the region, pledged over $2 billion in loans to bolster Kyrgyzstan's faltering economy shortly before the decision was made, though both parties insist that the aid was not contingent on the base's closure. U.S. negotiators hope Manas will be reopened in the future, pending further financial discussions...

Author: /time Magazine | Title: The World | 2/26/2009 | See Source »

...stores with character and stores with characters in it,” he now finds himself in small company. In the old days, “there were stores here you couldn’t get anywhere else,” he says. Now, “that base has been eroded basically because the stores in the Square have become very homogenous...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: 126 Years and Still Smoking | 2/26/2009 | See Source »

...backgrounds—with “Nobel Prize-winning professors sitting next to a burned out hippie sitting next to a street person”—an onslaught of commercialization has led to a shift in the makeup of the Square’s customer base...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: 126 Years and Still Smoking | 2/26/2009 | See Source »

Moments after the decision was announced, angry mobs from the Sharifs' Punjabi power base took to the streets in protest. In Islamabad (a federal territory located within the boundaries of Punjab), young men waving the PML-N's green flags and chanting anti-Zardari slogans seized control of two of the capital's main thoroughfares. Panicked shopkeepers in the bustling Aabpara market swiftly pulled down their shutters and fled the area. The youths torched car tires and attacked cars bearing government license plates. Parts of Lahore, the second largest city and capital of Punjab, were brought to a standstill...

Author: /time Magazine | Title: Ruling Throws Pakistan into New Political Turmoil | 2/25/2009 | See Source »

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