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...year has produced a cumulative expansion of 65%. High oil prices are the main reason. Still, says Roderic Lyne, a former British ambassador to Moscow, "the boom doesn't stem from oil alone. Genuine entrepreneurs have built good businesses in telecom, information technology, retail, brewing, food processing and consumer credit." A government that was broke under President Boris Yeltsin has had six budget surpluses in a row, just agreed to speed repayment of its foreign debt, and has socked away over $70 billion in a rainy-day fund. More than 6 million Russians a year now take foreign holidays. There...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...have committed any hostile act against Americans or their allies. Even Salim Ahmed Hamdan, the detainee at the center of the Supreme Court case, was Osama bin Laden's chauffeur and bodyguard--hardly the criminal mastermind that requires a country to create a maximum security prison. To its credit, the government has been trying to repatriate the less dangerous detainees as well as those who probably should never have been there. "We want to get out of the Guantánamo business if we can," State Department legal adviser John Bellinger III said in a conference call last week, "while continuing...

Author: /time Magazine | Title: How to Fix Guantanamo | 7/2/2006 | See Source »

According to Kinsley, a former Mather House resident, his seminar would have been non-credit and sponsored by the Kennedy School’s Shorenstein Center, “pairing journalism types with web code jockey types to dream up and produce gadgets for reading the news...

Author: By Samuel P. Jacobs, CRIMSON STAFF WRITER | Title: Kinsley Forgoes Harvard for Guardian Editorship | 6/30/2006 | See Source »

...President Vicente Fox cannot run again.) And it highlights the issue driving this election--one that may have an impact on Americans as well as on the campesinos in Puebla. Mexico's economy is still in the clutches of Big Business barons, who often pay subsistence wages, hog bank credit and investment capital and choke financial oxygen from the medium-size and small businesses that employ two-thirds of Mexico's workers. Half of Mexico's 106 million people live in poverty, yet the country also has 10 billionaires. And economists say chronic disparity is contributing...

Author: /time Magazine | Title: The Politics of Immigration ? in Mexico | 6/27/2006 | See Source »

...hasn't prevented the Ambience Hotel, ambiencehotel.com.tw, from emerging as one of the sanest accommodation choices in Taipei. Style-conscious guests will recognize[an error occurred while processing this directive] the Philippe Starck and Ferruccio Laviani furnishings throughout the property, yet local design talent takes most of the credit for the beautifully sparse look of the city's first truly hip hotel...

Author: /time Magazine | Title: White Nights | 6/27/2006 | See Source »

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