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...condition that Minsk improve its shoddy human-rights record. When the E.U. recently offered a multibillion-dollar loan to help modernize the Ukrainian pipeline system - conduit for 70% of Russian gas sales to Europe - Russian leaders were furious. Moscow has also tried to foil European attempts to build stronger energy links with Azerbaijan. Potential for conflict exists in Georgia, where E.U. observers are the only ones left after Russia forced Organization for Security and Cooperation in Europe and United Nations' monitors to leave Abkhazia and South Ossetia...

Author: /time Magazine | Title: Europe and Russia's Continental Rift | 7/13/2009 | See Source »

...company discarded the old extractive-industry model and formed a power-generation arm to build biomass power stations for Liberia, starting with a 35-megawatt station for Monrovia due to be switched on in 2010. (The capital's million or so residents currently make do with just two megawatts...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

Since May 2008, the company has repaired 375 miles (600 km) of dirt road, leveled thousands of acres of rubber, identified 600,000 (250,000 hectares) more, and won a $112-million loan from the U.S. government-funded Overseas Private Investment Corporation to build the power station. In Buchanan, they're helping to revive a town. BRE pays wages of up to $600 a month for a heavy plant operator and Baines reckons the number of shops in Buchanan has doubled since BRE arrived. Buchanan suddenly has a third-division soccer team, in which Baines plays striker. "It's moving...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...think it is a good idea.' DR. RICHARD JARVIS, chairman of the British Medical Association's public-health committee, on reports that Britons are hosting "swine-flu parties" in an attempt to build immunity to the virus...

Author: /time Magazine | Title: Verbatim | 7/13/2009 | See Source »

Beyond spurring local trade, alternative currencies build awareness about the effect of consumers' choices. "It has started a conversation: Why local currency? Why buy local?" says Oliver Dudok van Heel, who last fall helped launch the Lewes pound to help a British town become more self-sustainable...

Author: /time Magazine | Title: Tough Times Lead to Local Currencies | 7/13/2009 | See Source »

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