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For weeks, as the stock market cratered and some private Russian banks wobbled, the official Kremlin line was: "This is primarily an American issue." Finally, on Nov. 20, Putin admitted that Russia, too, was in trouble. Announcing a $20 billion economic-stimulus package and an increase in unemployment benefits, he...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

No longer. Starting in early November, four of the five factories abruptly informed their workers that they were switching to a three-day week. Then the layoffs started. The cast-iron foundry, which pays the best wages, cut 80 of its 1,200 workers, and managers announced that they might...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

By 10:30 a.m. on a recent Wednesday, 432 people have called in. Nadezhda Kumyiny is one of them. She's phoning from a small village in the Kursk region, southeast of Lyudinovo. She wants to borrow 30,000 rubles - just over $1,000. The woman taking her call fills...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

Yes, concrete. Not the cheap, gray, easily cracked soulless stuff that gave urbanization a bad name when it was slathered over Western cities in the 1960s, but newfangled, bright--and still relatively expensive--concrete that has come on to the market this decade. High-performance concrete (or ultra-high-performance...

Author: /time Magazine | Title: Cementing the Future | 12/11/2008 | See Source »

The Kashmir conflict has defeated the good intentions of plenty of would-be mediators, including the U.N. and several previous incumbents of the White House. "The U.S. has been involved since 1947," says Manoj Joshi, who has written two books on the conflict. "They've tried everything." The dispute began...

Author: /time Magazine | Title: Can India and Pakistan Lower Tensions Over Kashmir? | 12/11/2008 | See Source »

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