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That was then. In 2007, the Russians were all over Davos once again - Russian politicians thinking ahead to the post-Putin era, and Russian businessmen riding the oil and commodities boom with a look of steely determination. Dmitri Medvedev, Russia 's First Deputy Prime Minister (and a rumored successor to Putin), spoke of Russia as "another country" from the way it had been in 2000, when its economy was marked by low productivity and high inflation...

Author: /time Magazine | Title: Go Tell It On The Mountain | 2/1/2007 | See Source »

...they are still younger than in many other European countries. The number of babies born per woman is higher among the immigrant population than among those born in France, but even the latter bear an average of 1.8 babies, far beyond the rate in neighboring Germany and Spain . The boom may mean more expenditure in coming years on child-care facilities and elementary schools, but demographers point out that it also gives France a more sustainable age pyramid: in 25 years, there will be more French workers to pay taxes and support the pensions of baby boomers ensconced...

Author: /time Magazine | Title: Liberté. Egalité. Fertilité | 2/1/2007 | See Source »

...place that encourages women to work and have babies: municipal child-care facilities, liberal family allowances that rise with each subsequent child, and a nonjudgmental attitude about having babies out of wedlock. France banned the term illegitimate from its administrative lexicon in 2005, and last year's baby boom came amid a continuing drop in marriage rates. Almost half of 2006 babies were born to unwed mothers, though increasing numbers have legally recognized civil partnerships...

Author: /time Magazine | Title: Liberté. Egalité. Fertilité | 2/1/2007 | See Source »

This raises an important question: Are hedge-fund managers going to react as their mutual-fund peers did 40 years ago, taking bigger and dumber risks in a continuing quest to justify their paychecks? Or are they going to slide calmly into respectability and mediocrity? Will the hedge-fund boom end in fire...

Author: /time Magazine | Title: Hedge Funds Head for Mediocrity | 2/1/2007 | See Source »

Neither could Dutch tulip-bulb speculators in the mid-1600s nor American day traders in the dotcom boom of the late 1990s nor even Chinese investors in the early 2000s. The history of investing demonstrates that there is no faith stronger than that of newbies plunging into a molten market. And that certainly describes China today. Emboldened by last year's 130% rise in the Shanghai Composite Index--which made Shanghai one of the best-performing exchanges in the world--first-time punters like Du have been storming into Chinese stocks, ending the market's five-year slump...

Author: /time Magazine | Title: China: China Braces For A Bubble | 2/1/2007 | See Source »

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