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...market. And close investment ties have already bred closer trade and cultural ties. A decade ago, there was just one flight a day between Tallinn and Stockholm. Now there are six. At Swedbank, half the staff is currently based in the Baltic states or Russia. Such connections have helped drive Sweden's own growth and bolstered its ability to compete on a global stage. When New York City-based nasdaq launched a bid to acquire Sweden's omx in late May, part of the attraction was that omx owns stock exchanges throughout the Baltics...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

...hypermarket in downtown Libreville, a box of eggs from France costs $11, a small bunch of carrots $10, and a bottle of St. Emilion Château Ausone 1er Grand Cru Classé 1999 goes for $312. But it's a short drive from here to Mindwube I, the smoking mountains of garbage on the capital's eastern edge, where the hypermarkets throw out meat and vegetables that have passed their sell-by dates. Madeleine, a 60-year-old mother of 10, lives with several thousand others in the area around the dump. When the truck arrives...

Author: /time Magazine | Title: Africa's Oil Dreams | 5/31/2007 | See Source »

...John Lewis He's the go-to guy at Kauri Cliffs, an American-owned luxury lodge in New Zealand's Bay of Islands region. On misty nights, Lewis has been known to drive to Kerikeri Airport (an hour away) and even Auckland (four hours away) to collect guests personally, so they wouldn't have to navigate the darkness on the "wrong" side of the road. An accomplished harpsichordist who performed around the world, Lewis loves the challenge--given the lodge's remote location--of persuading musicians to perform at guests' anniversary dinners. Matauri Bay, Northland, New Zealand...

Author: /time Magazine | Title: Mission Impossible | 5/31/2007 | See Source »

...just as it took anticommunist Richard Nixon to open the door to China, and hip-hop mogul Russell Simmons to denounce misogyny in rap, so Dingell, Democrat from Dearborn and friend of factories, may be the insider able to drive change. At 80, restored to his wide-ranging dominion over the House Committee on Energy and Commerce, "John Dingell is one of the few people with the capacity to manage complex pieces of legislation where there are high stakes," says former House colleague Philip Sharp...

Author: /time Magazine | Title: An Auto Insider Takes on Climate Change | 5/31/2007 | See Source »

...Memorial Day attacks show that the insurgency has cunning aplenty, and is likely to use it to drive up U.S. casualties in the months ahead. "We are dealing with a smart, agile, thinking enemy, and I think we should be prepared for them to make a very strong effort to increase the level of violence in July and August," Defense Secretary Robert Gates said last week. "My hope is that anticipating it will allow us to thwart it." Gates wouldn't be the first Defense Secretary to have his hopes dashed in Iraq...

Author: /time Magazine | Title: A Grim Milestone in Iraq | 5/30/2007 | See Source »

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