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...gone back to subsistence farming. Meanwhile, the nationalized industries are working at only about 20% of capacity. Tanzania's expensive 1979 military intervention in neighboring Uganda to topple the brutal dictatorship of Idi Amin further accelerated the economic decline. Says one international banker: "The place is an economic basket case...

Author: /time Magazine | Title: Tanzania: Making a Graceful Exit | 4/18/2005 | See Source »

Infact, Marcos first floated the possibility of early presidential elections at a K.B.L. meeting last August. At the time, the Philippine economy, now described by Filipino economic experts as a "basket case," was already in a severe tailspin. Foreign debt had reached $26 billion, gross national product was shrinking at an annual rate of about 5%, and underemployment was estimated to be 40%. An opinion poll taken by a private think tank with ties to the Roman Catholic Church, however, showed that 44% of the population was willing to credit Marcos and his ruling party with doing a good...

Author: /time Magazine | Title: The Philippines: I'm Ready, I'm Ready | 4/18/2005 | See Source »

...first thing on your table should be the guacamole ($8.50). Prepared while you watch, the fresh-tasting, perfectly chunky dip comes in a large, roughly carved stone bowl. Ours had a pig’s face on it, an appropriate symbol for our actions after we received the accompanying basket of crisp tortilla chips...

Author: By Lisa Kennelly, CRIMSON STAFF WRITER | Title: Flan and Fajitas | 4/14/2005 | See Source »

...depressing sight: unpainted buildings, dingy streets, understocked shops. In the Rumanian capital, Bucharest, queues at food stores form at 3:30 a.m., and "energy police" roam the streets to make sure no one is burning more than one 25-watt light bulb at night . Poland is an even worse basket case, plagued by perennial food shortages and a foreign debt of $27 billion...

Author: /time Magazine | Title: V-E Day: From Rubble To Renewal | 4/12/2005 | See Source »

...Lieberman isn't putting all his eggs in one basket. After taping the first season of the new show in a fancy loft in Manhattan's SoHo (borrowed from touring heavy-metal guitarist Richard Bernstein), Lieberman was back in his own cramped Manhattan kitchen preparing gourmet sandwiches for executives from Song Airlines. The budget carrier was looking for a chef to come up with appetizing, economical and easy-to-make menu options to serve on its flights. Lieberman...

Author: /time Magazine | Title: New Kid in the Kitchen | 4/11/2005 | See Source »

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