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...most of its history, Liechtenstein was far from rich. In 1868, it had to disband its 80-man army to cut costs. "Maybe it was so easy for us to keep our independence because we were so poor that nobody wanted us," says Josef Beck, head of the Chamber of Commerce and Industry. He says prosperity has come to the principality only over the last 20 or 30 years, and it "has a lot to do with the banks...

Author: /time Magazine | Title: Saving a Banking Boom from Berlin | 2/28/2008 | See Source »

Shipments of powdered milk from Belarus are providing a temporary respite. The government is "increasing the amount of powdered milk in order to reduce the demand on liquid milk," says Roger Figueroa, executive director of the Venezuelan Milk Industry Chamber. Such shortages of milk and other food staples have intermittently plagued Venezuela since 2003, when the government imposed price controls. Now, the leftist government of President Hugo Chavez is blaming businesses for the crisis even as economic analysts believe the government's own policies have brought about the debacle...

Author: /time Magazine | Title: Hugo Chavez Calls Out the Food Police | 2/27/2008 | See Source »

...government policies for the shortages, a recent incident speaks to the flip side - a distrust of business that has been fueled by Chavez's fiery rhetoric. Early on the morning of Sunday, Feb. 24, a bomb exploded just outside the entrance to the headquarters of Fedecamaras, a leading business chamber that is critical of the government's economic policies. A 44-year-old man, suspected of planting the bomb and in possession of an honorary Metropolitan Police identification card, was killed in the blast. Fedecamaras called on the government to find those responsible, while Interior and Justice Minister Ramon Rodriguez...

Author: /time Magazine | Title: Hugo Chavez Calls Out the Food Police | 2/27/2008 | See Source »

...everyone welcomed the FCC. A number of people gathered outside of the hearing in protest, condemning what they felt was the FCC’s discrimination against minority media ownership. Members of the Harvard Black Law Students Association, the Boston branch of the NAACP, and the National Black Chamber of Commerce held a press conference outside the building, beneath a bright yellow banner reading “Stop the FCC’s War on Diversity.” “We’re deeply concerned about any policy that can decrease minority involvement in the media...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: HLS Hosts FCC On ‘Net Neutrality’ | 2/26/2008 | See Source »

...Reiss. “I love crowds that laugh at facts.” Reiss said if comedy writing fell through, he would be a “funny lawyer—the lawyer who gets all the laughs in court and then his client goes to the gas chamber for jaywalking.” Reiss said his show has “universal themes” that garner it a wide audience, though he noted that, despite its popularity, The Simpsons is not a hit in Japan because the characters have four fingers—the sign...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Comedian Lights Up Hillel | 2/22/2008 | See Source »

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