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Guatemala has long been a drug transshipment point between South and North America. But only in recent years have investigators begun to see how firmly a narco-economy is taking hold there, which is always bad news for small, poor and corrupt countries like Guatemala. Experts say it's hard to know just how much the Guatemalan economy depends on drug profits, but they agree that it's a significant source of employment and capital today. If trafficking and related businesses were shut down, unemployment would skyrocket in certain parts of the country, like La Reforma, says Leonel Ruiz, second...

Author: /time Magazine | Title: In Guatemala, a Village that Cocaine Built | 4/16/2009 | See Source »

...earthquake shook up more than the capital city. It exposed the corrupt political system and gave heart to a remarkably talented (if occasionally arrogant) set of technocrats. Forgiving the mid-1990s, when the peso had to be rescued by the Clinton Administration, the Mexican economy has shown great resilience in the past 20 years as Mexico oriented itself to the outside world, joined the World Trade Organization and signed the North American Free Trade Agreement with the U.S. and Canada. Even in the first years of this decade, when the shift of global manufacturing to China threatened to derail Mexican...

Author: /time Magazine | Title: Obama Visits Mexico, Where the News Isn't All That Bad | 4/15/2009 | See Source »

...presided over the most corrupt administration in Illinois history--and that is saying something.' JUDY BAAR TOPINKA, former state treasurer, on the federal indictment of Rod Blagojevich...

Author: /time Magazine | Title: Verbatim | 4/9/2009 | See Source »

...punishing the achievers for the mistakes and the lack of discipline on the part of a bunch of corrupt politicians that have run that city and state into the ground.' Radio host RUSH LIMBAUGH, announcing plans to sell his New York City condo because of the so-called millionaires' tax in the state's new budget...

Author: /time Magazine | Title: Verbatim | 4/9/2009 | See Source »

...check on South Africa's government than they do in, say, Zimbabwe, the party's critics see the same bad underlying dynamics at work. Andrew Feinstein, a former ANC MP who resigned in 2001 in protest at the way his party was frustrating an investigation into a corrupt $5 billion arms agreement (the same deal from which Zuma was alleged to have benefited), says the last few years have seen a "regression in Africa's proudest democracy that seeps into some of those stereotypes of African Big Men." Raymond Suttner, a former ANC activist who was detained from...

Author: /time Magazine | Title: Why South Africa's Over the Rainbow | 4/9/2009 | See Source »

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