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...those countries which, by choice or not, had been excluded from it. The global supply of manufacturing labor more than doubled virtually overnight. In the context of largely open world markets, this has meant continuing downward pressure on global production costs. With upward of a billion people set to enter the urban labor markets of China, India, Brazil and Indonesia over the next 20 years, this pressure will only intensify. Should you doubt that, ask any labor union how much luck they have had lately in negotiating higher wages. More immediate forces are also at work to keep prices from...

Author: /time Magazine | Title: Go Easy on the Brakes | 5/21/2006 | See Source »

...instigated coup deposed Prime Minister Mohammed Mossadegh, who wanted to nationalize Iran's oil industry. As Bowden points out, by the time of the Iranian revolution, most Americans had forgotten all about the coup. Most Iranians had not. When the White House allowed the exiled Shah to enter the U.S. to seek treatment for liver cancer, the stage was set for a new outbreak of fury that the religious radicals could manage to their advantage...

Author: /time Magazine | Title: Books: The First Strike | 5/21/2006 | See Source »

...Navy boat that handed Harvard its first defeat since 2003 sits atop the second varsity poll, and the Midshipmen enter the weekend with all five of its eights ranked...

Author: By Aidan E. Tait, CRIMSON STAFF WRITER | Title: Much to Prove for Crews at Eastern Sprints | 5/19/2006 | See Source »

...Enter MTV. That is, MTV Networks, which also includes VH1 and CMT. Unlike Napster, RealNetworks and Yahoo!, these guys are in the business of picking new music and getting listeners to like it. The key to the whole service, the thing that makes automatic sense, is that you don't use Urge to download albums or songs, but rather, to download playlists...

Author: /time Magazine | Title: Urge Music Service from MTV Networks | 5/17/2006 | See Source »

...Most vacationers in Venezuela would opt for the country's tropical Caribbean beaches. That's why neighbors peered out of their windows inquisitively when a recent caravan of Americans climbed up the steep slopes of the country's largest barrio, which many middle- and upper-class Venezuelans dare not enter. The group, from professors to real estate agents, ages 27 to 62, sat on the rooftop of one Petare home listening to the barrio's social leaders praise President Hugo Chavez...

Author: /time Magazine | Title: Venezuela's Revolutionary Tourists | 5/17/2006 | See Source »

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