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...past two decades have laid to rest any notion that the enrichment of a country provides an automatic impulse toward greater liberty. Remember the talk, after the fall of the Berlin Wall, about democracy arriving hand in hand with free markets? As people became economically secure, they would demand better governance, greater freedoms. But that hasn't been the case in Russia, China or Central Asia. People in those places have found a way to disengage from politics while growing (mostly) more comfortable. Consumerism has provided the ultimate anesthetic. Perhaps there is no next stage. (See pictures of the Berlin...

Author: /time Magazine | Title: Freedom's Loss | 10/5/2009 | See Source »

...fact, it did go lower at the height of the panic last fall, to just above 2%. But the likeliest future path for Treasury yields, Atteberry figures - on the basis of history and the fact that rates have been kept low this year by Federal Reserve purchases, investor demand and other factors - is up. If you own a 10-year Treasury bond yielding 3.5%, interest rates rising to 4% or 5% or higher mean your bond (with its rate stuck at 3.5%) falls in value. That's the logic of bonds: when interest rates rise, bond prices fall. Since...

Author: /time Magazine | Title: Thought Bonds Were Safe? Think Again | 10/5/2009 | See Source »

...grow in tough conditions. They were also told they would be given advice on how to plant their fields and that once the plants began to produce seeds, agricultural officials would buy them at prices upwards of 1,000 shillings ($13) per kilogram. Farmers were also told that demand would increase steadily for the oil produced by the seeds. (See pictures...

Author: /time Magazine | Title: How a Biofuel 'Miracle' Ruined Kenyan Farmers | 10/4/2009 | See Source »

...plant. "I have a very big passion for jatropha," Kisavi said. "I visit farmers and tell them to plant it in the hope that one day ... somebody will come to the farms and sign contracts for the seed. We know one day that jatropha will be in very high demand...

Author: /time Magazine | Title: How a Biofuel 'Miracle' Ruined Kenyan Farmers | 10/4/2009 | See Source »

...Such endeavors are not going to solve the retail real estate glut. Only a realignment of supply and demand for long-term leases will do that. But in the short term, getting creative with commercial space keeps storefronts filled, which helps keep properties secure and community spirit intact, and may even bring in a little money for would-be landlords to offset costs like utilities, taxes and maintenance...

Author: /time Magazine | Title: The 'Vacancy' Blight: Finding New Uses for Empty Stores | 10/3/2009 | See Source »

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