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...people with money to spend. The strong euro is also a lure. A kilogram of uncut cocaine wholesales for about $40,000 in Spain - roughly double the U.S. price. (In Russia and Norway, one kilogram can fetch up to $120,000.) Divided into street-sized amounts, a kilogram can earn five times those figures. Since moving in on Europe in the mid-'90s, the cartels - overwhelmingly Colombian, but also Venezuelan and Mexican - have hugely ramped up operations...

Author: /time Magazine | Title: Cocaine Country | 6/27/2007 | See Source »

...leading African connection in this growing global network is Guinea-Bissau. The fifth poorest country in the world was perfectly suited to playing a key role in the coke trade. The average person in this country of 1.6 million people earns about $720 a year and dies at 45. The capital, Bissau, is a decrepit relic on which the government has not slapped a lick of paint since the Portuguese colonials decamped in the 1970s. There are few phone lines and almost no electricity. Even the President's office building has a generator roaring outside. The judicial police headquarters...

Author: /time Magazine | Title: Cocaine Country | 6/27/2007 | See Source »

...have the ability and intention of sustaining that veto." That bravado, however, is also coupled with the begrudging realization that Republicans lost their majority last fall because of the perception that they were fiscally irresponsible. "The Republican leader has said any number of times that we need to earn our way back into the majority," Kennedy said. "Part of that process is making sure that we polish our credentials on fiscal discipline...

Author: /time Magazine | Title: A Bush Budget Showdown Brewing | 6/25/2007 | See Source »

...preparers, and half a million dishwashers. About two-thirds of restaurant workers are foreign born, and increasingly, they're from Central and South America. The Brennan Center Study, which drew on extensive worker interviews, industry publications, prior studies and data on government enforcement efforts, concludes that many restaurant workers earn less than the minimum wage. Tips are often arbitrarily confiscated, overtime pay is rare, and wage deductions for things like broken plates and spoiled food are commonplace...

Author: /time Magazine | Title: Restaurants: The New Sweatshops? | 6/22/2007 | See Source »

...Barack Obama's inspiring bid to become the first black candidate to win a major party's presidential nomination, it's time to give Reyes, Rangel, Conyers and the other minority chairs in the Democratic majority Congress the proper respect that Dellums spent two decades to earn...

Author: /time Magazine | Title: Commentary: The Politics of Race | 6/21/2007 | See Source »

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