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...Some locals reported having seen cracks in the banks of the dirt dam, built in the 1930s by the Dutch colonial government. "Indonesia's problem with spending money on maintenance has taken its toll," says Tom Shreve, president director of Glendale Partners, an infrastructure consulting firm. "The city has a lot to do in maintaining and improving infrastructure." The Indonesian government, which has responded to the disaster by sending police and soldiers to help clear the area, has acknowledged that more needs to be done to maintain and improve the country's creaky infrastructure. "This shows that we need...

Author: /time Magazine | Title: Indonesia Looks Inward After Dam Bursts | 3/31/2009 | See Source »

People stood on higher ground, watching their houses collapse under the force of a wall of water that rushed through their crowded neighborhood in Jakarta. Five days later, as the death toll approached 100 after the bursting of a 75-year-old dam on March 27, rescue workers were still searching through the mud where dozens more bodies are feared to have been buried. And the blame game over who or what was responsible for the collapse continued...

Author: /time Magazine | Title: Indonesia Looks Inward After Dam Bursts | 3/31/2009 | See Source »

Further, consumers fear that once they break that large bill, they won't be able to stop spending the rest. "Once that barrier is passed, it's like a dam gets broken," says Srivastava. "And we've found that when people decide to spend, they'll spend more with the bigger bill than with the smaller bill." Researchers have labeled this phenomenon the "what the hell" effect: "I've broken the hundred; it's gone from my wallet. What the hell, I may as well blow off the rest." So consumers, afraid that the "what the hell" effect will drain...

Author: /time Magazine | Title: Want to Save Money? Carry Around $100 Bills | 3/27/2009 | See Source »

...Today, the KIO is waging an information campaign on a series of seven planned dams in Kachin, which will flood hundreds of villages and could threaten many others because the region's frequent seismic activity could trigger reservoir floods. (Two previously built dams in Kachin were rendered useless after breaking, and nearby villagers, who never received any electricity, were killed by the rush of water.) The dams, which are slated to generate seven times Burma's entire current electricity capacity, are being jointly developed by state-owned Chinese companies and a Burmese firm, Asia World, whose managing director...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

...Cycle of Depression The Chinese are learning that the Kachin, like other ethnic groups in Burma, may not be willing to turn the other cheek much longer. Last year, armed KIO soldiers showed up at a pair of dam sites staffed by Chinese workers and demanded work cease until the Chinese paid them taxes. The projects are located in an area nominally under KIO control, but the former rebels were angry that the dam deal was negotiated directly between the Burmese government and Chinese hydropower firms without their input. (Eventually, the Chinese paid up.) More foreigners could get caught...

Author: /time Magazine | Title: The Scramble For A Piece of Burma | 3/19/2009 | See Source »

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