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...thing is certain: the British government is serious about putting London's financial house in order. The usually dormant trade department has announced no fewer than three major investigations in the past month. Last week it issued a new summons against Geoffrey Collier, one of London's leading securities brokers, for allegedly using privileged knowledge of an impending takeover for his personal profit. Said Corporate and Consumer Affairs Minister Michael Howard: "No one can be in any doubt that we regard insider dealing as a thoroughly pernicious practice ... that we are determined to do all in our power to root...

Author: /time Magazine | Title: Storm Brewing: A stock probe jolts Guinness | 1/26/2007 | See Source »

...civil wars break out? Oxford economist Paul Collier and his collaborators argue that economics is a large part of the story. Surveying more than 70 civil war outbreaks since the 1960s, they show that poor countries--with low per capita incomes and low growth rates--were significantly more likely to suffer civil war than richer countries. Put simply, it's easier to recruit people to rebel armies when the alternative to grinding axes is grinding poverty. At the same time, countries that rely heavily on exports of primary products (such as oil and diamonds) are prone to civil war because...

Author: /time Magazine | Title: The Reality of Civil War | 1/25/2007 | See Source »

...anything be done by outsiders to stop civil wars? One key finding by Collier is that, until recently, former French colonies in Africa were less likely than comparably poor countries to experience civil war. That was because the French (unlike the British) effectively gave informal security guarantees to the new governments, promising to use French troops to quash rebellions. But in the absence of such postcolonial arrangements, is it possible for foreigners to stop a civil...

Author: /time Magazine | Title: The Reality of Civil War | 1/25/2007 | See Source »

...Indonesian islands. But its traditional style doesn't mean any sacrifice of mod cons. Five staterooms are decorated with rare Indonesian textiles and crafts from Seery's collection. Guests also enjoy a library, a sizable sundeck, a full range of diving equipment and a dining area where chef Bill Collier's superbly executed Western cuisine-with Asian accents-is something to look forward to after a day of diving or excursions on shore...

Author: /time Magazine | Title: Sails Pitch | 1/4/2007 | See Source »

...Indonesian islands. But its traditional style doesn't mean any sacrifice of mod cons. Five staterooms are decorated with rare Indonesian textiles and crafts from Seery's collection. Guests also enjoy a library, a sizable sundeck, a full range of diving equipment and a dining area where chef Bill Collier's superbly executed Western cuisine - with Asian accents - is something to look forward to after a day of diving or excursions on shore...

Author: /time Magazine | Title: Sails Pitch | 1/2/2007 | See Source »

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