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...Trading on Zimbabwe's volatile stock market made Wall Street's dubious derivatives look like Treasury bills. With an economy locked out of the global financial system, daring foreign hedge funds and institutional investors saw this obscure market - much like emerging investment funds in wine and fine art - as an opportunity to diversify, or seek "exotic beta," in finance parlance. Though real returns may occasionally hit the high double digits, says Shumba, investing here can seem like playing Russian roulette: the exchange is highly fickle and illiquid, with a total market capitalization that has fluctuated tenfold in the past year...

Author: /time Magazine | Title: 25-Min. Workweek on Zimbabwe's Stock Exchange | 2/26/2009 | See Source »

After decades of good times, the Beaujolais winemaking region has been suffering a killer hangover. In the '80s and '90s, Beaujolais Nouveau was a global phenomenon, but abuses in overproduction and dubious vinification practices by some growers sullied the brand. These days Beaujolais is often seen as a mediocre, industrial product, rushed to bottle for release every November...

Author: /time Magazine | Title: The Revival of Beaujolais | 2/11/2009 | See Source »

...said. “He’s been coming along hard and with that come-from-behind win I couldn’t have been happier.”Jantzen and senior Tommy Picarsic (5-2) also earned forfeit victories.PENN 35, HARVARD 12The Crimson began the day in dubious fashion, falling hard to the Quakers (10-5, 5-1) at the Palestra.Caputo earned six points for Harvard, as his opponent suffered disqualification while trailing 5-1. Peppelman and O’Connor rounded out the scoring with 8-4 and 4-1 decisions respectively.O’Connor?...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Harvard Splits Duals as Star Grapplers Shine | 2/9/2009 | See Source »

...Kashmir. But political parties on the border have not been shy about using these residents to swell their vote banks. Subhasis Ghosh, the Cooch Behar official in charge of dispensing development funds, says he received 10,000 applications for voter ID cards last year and rejected 8,000 for dubious family and residency ties to his district. "A voter card is the most valuable thing in this area," he says. It makes sure that holders get at least a share of what they're entitled to: not just a vote but also access to rural employment schemes, monsoon relief, health...

Author: /time Magazine | Title: A Great Divide | 2/5/2009 | See Source »

...that may not have been an option. For one thing, congressional staffers may be the only people in America with the dubious skill of being able to move nearly a trillion dollars into the national economy in a hurry. And Hill staffers claim that Obama needed the leaders of the various committees to tell him what the bill required to garner enough votes to pass. Either way, the fact that the bill is the product of free-spending congressional committees is likely to hurt Obama. It is defining his first major effort to fix the economy...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

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