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...Greek Drachmas would get you $3.33. By May 2000, that was down to 27¢. That's the way the currency crumbles in a smallish, less than rich nation beset by government budget deficits, inflation and a spotty record of economic policymaking. Convincing foreign investors to buy your debt is a struggle. Financial life is difficult in ways scarcely imagined by inhabitants of the lucky (and not large) club of nations with solid currencies...

Author: /time Magazine | Title: Echoes of Greece's Debt Crisis | 2/22/2010 | See Source »

Money is fleet and nimble. The very thing that makes it unsatisfying to give makes it powerful to deploy. It can turn into anything--a water bottle, a prefab house, a tetanus shot, a biscuit. It lets relief agencies buy locally whenever possible, supporting local markets for products that are culturally and environmentally right. In the past decade, accountability has become a watchword of relief agencies around the world, with new guidelines to help donors know that their aid won't be wasted. Give money, Presidents Bush and Clinton implore, and by implication, leave the rest to professionals...

Author: /time Magazine | Title: There's No Point in Doing Good Badly | 2/22/2010 | See Source »

That's a highly corporate way to think about food - celery root is certainly real, so real that it's covered in dirt when you buy it at the supermarket - but McDonald's is, after all, a corporation. Coudreaut may be a chef, but his employer is no restaurant. McDonald's Corp. is largely a holding company, a middleman that works between restaurant owners and food suppliers. It provides franchisees with inexpensive, processed ingredients and - this is where Coudreaut's team and other development people come in - a guarantee that new menu items have been tested and tweaked and retested...

Author: /time Magazine | Title: McDonald's Chef: The Most Influential Cook in America? | 2/22/2010 | See Source »

...could change that, since its menu decisions quickly become global agricultural concerns. Not long after he arrived at McDonald's in 2004, Coudreaut added to the menu an Asian salad that included edamame. The Soyfoods Council, a trade group, immediately got calls from consumers across the nation looking to buy edamame at their grocery stores. "Now you can find it in supermarkets all over," says the council's executive director, Linda Funk, who has even seen the immature soybean pods sold near her small hometown of Janesville...

Author: /time Magazine | Title: McDonald's Chef: The Most Influential Cook in America? | 2/22/2010 | See Source »

...offering cuts for a little more than $2. Costs are low, turnover high: a three-chair outlet in Mumbai recently churned out 186 cuts in one day. This month, Habib will launch hair-care products for direct sale on TV, "so that customers in Canada and the U.S. can buy them," in addition to clients of his academies in Mauritius, Singapore and Kenya. "If Indian doctors and IT experts are so popular throughout the world, why not Indian hairdressers?" he asks. "It's our turn to capture the glow." (See 25 authentic Asian experiences...

Author: /time Magazine | Title: In India, A Salon A Cut Above the Rest | 2/22/2010 | See Source »

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