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...through Azerbaijan, Georgia and Turkey to bring Caspian Sea oil to the West. The project, argued BankTrack, violates the Equator Principles in key areas, notably in regard to the protection of indigenous peoples. The ngo suggests the Turkish government may use the new pipeline as an excuse to crack down on ethnic Kurds living along its route. Last December, Banca Intesa withdrew from the project, but both Citigroup and ABN Amro reject BankTrack's criticisms and have stayed on. "BTC is a complex and challenging transaction, but we felt on balance that it did meet the Equator Principles," says Richard...

Author: /time Magazine | Title: Taking The Earth Into Account | 5/1/2005 | See Source »

...largely a big joke: if somebody else/ doesn't make a crack about me, I do." You can be charmed by Ammons' self-effacement, but don't be fooled by it. His poems, framed in ordinary language and couched in stately couplets, are twisty and testy, bawdy and funny. This is Ammons' last book--he died in 2001 at the age of 75--and you have a sense of him getting in his last licks, with no time left for politeness. "Do with the obvious," he advises, "little lies behind...

Author: /time Magazine | Title: Poetry: 7 Books of Poetry Worth Curling Up With | 5/1/2005 | See Source »

...example, it turns out that drug dealers don't really make so much money after all. Levitt and a colleague who had obtained copies of a Chicago gang's accounting books found that street-corner crack dealers in the 1980s made less than minimum wage. They stayed in the job because they aspired to rise through the ranks and make six figures--which only a few top leaders ever achieved. In other words, the authors explain, "the gang's wages [were] about as skewed as wages in corporate America...

Author: /time Magazine | Title: Books: Unconventional Wisdom | 4/24/2005 | See Source »

Taken for what it is, though—a band trying to find itself—A + P shows enough moments of promise that I sincerely hope they get another crack at it. If Wilkins can find a way to unite clarity, specificity, and immediacy in his lyrics—usually one is present; rarely all three—and if Wilkins and Kennedy can accept that volume and shock are not always synonymous with impact, A + P can develop a sound good enough to transcend self-reference...

Author: By Laura E. Kolbe, CONTRIBUTING WRITER | Title: Review of the Week: A + P | 4/22/2005 | See Source »

...before All Souls' Day, a Roman Catholic holiday also known as the Day of the Dead. As part of the Mexican government's efforts to crack down on drug smugglers, 17 policemen made a sweep of the mountainous "bandit country" in the state of Veracruz, 300 miles southeast of Mexico City. Nearing the banks of the Coachapa River in predawn darkness, the government force surprised a gang of some 50 drug traffickers in the act of loading 1,300 lbs. of marijuana onto a boat. The police had hardly shouted a warning when the smugglers opened fire...

Author: /time Magazine | Title: Mexico: Day of the Dead | 4/18/2005 | See Source »

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