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...joining the World Trade Organization. Europe stands to benefit too. The Russian economy grew an impressive 8% in 2000 and 5% in 2001, and with trade of $76.3 billion last year, the E.U. is Russia's top partner. But this beauty is largely skin deep. The country's economy depends almost entirely on exporting raw materials, and its recent success owes more to higher oil prices than to market reform - which helps explain why its growth is slowing. Other businesses are propped up by price controls that amount to a $5 billion subsidy. And the whole system, according...

Author: /time Magazine | Title: Russia Goes to Market, But Will It Sell? | 6/2/2002 | See Source »

...says Nicole Gueron, 33, a lawyer from New York City who describes herself as an "off-and-on" customer of Lands' End for the past 15 years. Marietta Caiarelli, 59, a nurse from St. Louis, Mo., says she hopes the Lands' End quality and service she has come to depend on don't suffer. "My heart sank when I heard the news," she says. "I thought, It will never be the same again...

Author: /time Magazine | Title: Recharging Sears | 5/27/2002 | See Source »

Women, however, want the personal touch. For financial advice, about 10% go first to friends and relatives; another 10%, to their spouse. And nearly 40% depend on financial advisers...

Author: /time Magazine | Title: Women Aren't Afraid to Ask | 5/27/2002 | See Source »

...fails to, it will go to war. And as if to drive home the Arafat comparison, Prime Minister Atal Behari Vajpayee this week wrote to President Bush to warn that India has last all faith in Musharraf and is unable do business with him. Avoiding a war now will depend, Vajpayee warned, either on a complete and unlikely turnabout by Musharraf, or else on his ouster - a position familiar as Sharon's on Arafat...

Author: /time Magazine | Title: The Lessons India and Pakistan Learned From the Middle East | 5/24/2002 | See Source »

...British economy has come to depend on people like 26-year-old Rebecca Holyhead. She and her boyfriend Dave are about to put down the deposit on their first house. It may not sound like much - a two-bedroom semi-detached that used to be public housing, on the outer fringe of London and far from the Tube - but it's costing them a heady ?150,000, more than three times their combined annual salaries. (She's a nuclear safety engineer; he works in local government. Their parents are pitching in on the deposit.) Though...

Author: /time Magazine | Title: Borrow For Britain | 5/19/2002 | See Source »

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