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...Friday's close. When Fitch Ratings upgraded Russia's sovereign credit rating last week to BBB from BBB-, the picture looked even rosier, and pundits pronounced the post-Yukos gloom to be over. But Mikhail Delyagin, an economist and head of the Moscow-based Institute of Globalization Studies, urges caution. "The indexes are propelled by growing oil prices," he says, arguing that most of the Russian economy is under the influence of Moscow's political élite. Even so, with oil hitting new highs, doesn't that suggest the Russian market is ripe for investing? Delyagin says Saudi Arabia...

Author: /time Magazine | Title: Bizwatch | 8/7/2005 | See Source »

Other youth ministers caution against the tendency to boil Scripture down to a series of updated commandments about not listening to pop music or not hanging out with friends who swear. Gregg Morris, an Episcopal youth worker, remembers being an adolescent in an evangelical congregation. The stricter teachings kept him acting Christian outwardly, but God seemed like more of a "celestial bean counter." If God becomes just another parent to rebel against, says Morris, then the 13-year-old's spiritual journey may end before it even begins. Morris' search for a more inclusive Christian curriculum for adolescents...

Author: /time Magazine | Title: Feels Like Teen Spirit | 8/1/2005 | See Source »

...That's why, when the on-again, off-again six-party talks restarted last week after a 13-month hiatus, U.S. Assistant Secretary of State Christopher Hill warned reporters not to expect the impasse over North Korea's nuclear weapons program to be resolved soon. "I want to caution people not to think we are coming to the end of this," said Hill, who is the U.S. point man for the talks being held in Beijing...

Author: /time Magazine | Title: Back to The Table | 8/1/2005 | See Source »

...Koso head out after dinner in a four-wheel-drive to show their presence; in the dim, 40-watt glow of surrounding villages, officials are working late to ensure they're ready to meet the first voters when polling begins at 7 a.m. Curragh leaves the vehicle to caution one of chief Daga's buddies, who is drinking beer by the side of the road. After some coaxing, the man empties onto the ground a full bottle he has been carrying in his back pocket. "He knows it's against the law," says Curragh of the middle-aged man. "Look...

Author: /time Magazine | Title: A Fair Cop | 7/25/2005 | See Source »

...Embrey dams (each hundreds of feet long and more than 20 ft. high) are among the most imposing structures that America's dam busters have tackled to date. But while a handful of large dams are scheduled to come down soon, those involved in their demolition are proceeding with caution, wary of what hazards they might unleash. As University of Utah political scientist Daniel McCool puts it, "We don't know how to remove big dams yet. We're still learning...

Author: /time Magazine | Title: Is This Worth a Dam? | 7/11/2005 | See Source »

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