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...heightened political tensions between Russia and the West are sure to prompt potential investors to take an even longer, closer look before plunging into the Russian market. There has been talk in Washington and elsewhere of kicking Russia out of the G-8 group of nations, and some analysts believe the Kremlin's actions will ultimately prove counterproductive for the economy. In a note to clients, Commerzbank analyst Michael Ganske wrote: "The strong macroeconomic story of the country is increasingly obscured by homemade negative headlines and developments that clearly worsen the economic outlook for Russia." Ganske went...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...course Ukraine and Georgia have flirted with recently--while the resource-rich Central Asian republics have remained largely loyal to Moscow. But after the invasion of Georgia, former members of the U.S.S.R. face an inescapable truth: you can't run from geography. Try as they might to move closer to Europe, many are now nervously eyeing a resurgent Russia on their borders...

Author: /time Magazine | Title: A Brief History Of: Former Soviet Republics | 8/21/2008 | See Source »

...even closer to the wildlife at Discovery Cove, an Anheuser-Busch-owned day resort where the $289 admission includes all-you-can-drink beer. But the bottles of Bud Light Lime aren't the reason to go. The dolphins are. At first I was skeptical about swimming with a dolphin. At swims outside the U.S., the animals have been abused. But Discovery Cove's dolphins work only about two hours a day, according to head trainer Jesse Pottebaum. You'll learn a lot--almost too much--about dolphin anatomy (don't touch the "genital slit," we were told...

Author: /time Magazine | Title: Orlando for Grownups | 8/21/2008 | See Source »

Since the 1960s, more than 120,000 people have been killed in the southern Philippines as Islamic separatists have battled government troops for control of parts of Mindanao. But this week's bloody events have pushed the region closer than ever to all-out war. On Aug. 20, the Philippine government ordered police commandos into the area with orders to kill insurgents. The government has also reportedly sent a shipment of weapons to local militias. General Alexander Yano, head of the country's armed forces, called the insurgent attacks a "virtual declaration of war," while President Gloria Macapagal Arroyo ordered...

Author: /time Magazine | Title: Philippines' Uneasy Peace Broken | 8/21/2008 | See Source »

...indeed, the Israeli response since the outbreak of hostilities is a reminder that, on balance, even a relatively cool friendship with Russia may be more important to Israel than a close alliance with tiny Georgia. Despite Israel's pecuniary imperative, Georgia has used these commercial military ties to press closer ties on Israel...

Author: /time Magazine | Title: What Israel Lost in the Georgia War | 8/21/2008 | See Source »

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