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...Morales to the Bolivian presidency. A long-time defender of cocaleros (coca growers) and an avid street protester, Morales finally achieved a popular majority leading MAS (Movement to Socialism), an acronym that also means “more” in Spanish. More is precisely what Bolivia needs, following dubious privatization contracts by previous neo-liberal administrations, rampant poverty, and the perennial White House-baked recipe of the “war on drugs.” Yet, a simple fact about Morales seems to be a flawless symbol of the ironic and illusory realities of this continent...

Author: By Pierpaolo Barbieri | Title: Between Solitude and El Dorado | 2/7/2006 | See Source »

...This adaptability could make it particularly difficult for the U.S. and its allies to stop the North's cigarette exports. But there are clear signs that pressure on Kim's regime is being ratcheted up as the U.S. targets the country's various sources of dubious income. Last September, for example, the U.S. Treasury Department designated Banco Delta Asia in Macau as a "primary money laundering concern" and alleged that it facilitated the North's criminal activities by circulating counterfeit currency (charges the bank denied). And a senior Treasury Department official called on the South Korean government last week...

Author: /time Magazine | Title: Kim's Bad Habit | 1/30/2006 | See Source »

...Cosmetics, the M&A mania has also spread to smaller companies. Terrie Lloyd, an M&A consultant with 23 years of experience in Japan, says he encounters more and more Japanese investors who are interested in buying a motley batch of companies, pasting them together into mini-conglomerates with dubious business merit, and flipping them via an IPO: "This is a new phenomenon in Japan...

Author: /time Magazine | Title: Feeding Frenzy | 1/30/2006 | See Source »

...budget proposal and the accompanying Quadrennial Defense Review. The QDR, released every four years, guides annual spending decisions by venturing how the U.S. military is likely to be waging war in years to come. But, defense officials say, it continues to pump billions of dollars into weapons of dubious utility in the war on terror-like the Army's $161 billion Future Combat Systems. The Army says this welter of weapons-tanks and helicopters, both manned and unmanned, all bound together with computer data links-will let soldiers "move, shoot and communicate better than ever before." But at a time...

Author: /time Magazine | Title: Army at the Breaking Point? | 1/26/2006 | See Source »

...could be perverted by nationalism or the drive for publicity and glory. Not that the cynics needed reminding. A survey of 3,247 scientists published last June by the University of Minnesota and HealthPartners Research Foundation reported that up to a third of the respondents had engaged in ethically dubious practices. But thanks to the international scope of Hwang's scandal, the public's faith in science?rarely unconditional even in times of dazzling technological progress?has taken a hit. "At least in the U.S., my feeling is that people are more mistrustful about science than they used...

Author: /time Magazine | Title: South Korea | 1/23/2006 | See Source »

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