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...racing along at a 12% growth clip - faster than China. Estonia is one of only two new European Union members to have a budget surplus, and its national debt will have all but disappeared by the end of the decade. Naturally, there are growing pains: the unemployment rate has fallen so sharply, from 14% in 2000 to about 4% today, that businesses are scrambling to find workers. But even if growth slows a little to a more sustainable rate, Estonia could catch up with Portugal and Greece on a per-capita basis in about a decade. "This is the best...

Author: /time Magazine | Title: Getting It Right | 9/28/2006 | See Source »

...Hassan Nasrallah last week as he addressed a cheering audience of hundreds of thousands of supporters in southern Beirut.Nasrallah’s appearance at Hezbollah’s victory rally illustrates the importance of a continued international commitment to restoring stability to the region, a commitment that has fallen on deaf ears since the United Nations (UN) brokered ceasefire came into effect this summer. Hezbollah will continue to pose a threat to the stability of Lebanon and the security of the region as long as it maintains its arsenal (Nasrallah claimed that Hezbollah still possesses 20,000 rockets...

Author: By Danielle R. Sassoon, | Title: Going from Ceasefire to Peace | 9/28/2006 | See Source »

...elected as Prime Minister by the Diet this week, continues financial progress. While NPLs at the megabanks were down to 1.8% of total loans as of March, they remain at 4.5% at the regional banks. The latter lend almost as much as the big banks. Furthermore, NPLs have fallen partly because more than 26% of all loans charge an interest rate of less than 1% and 9% charge less than 0.5%. How will these borrowers fare as interest rates return to normal...

Author: /time Magazine | Title: Abe's Economic Challenge | 9/25/2006 | See Source »

...really a call to the next generation to take the tools and apply them in a bold way. It’s an opportunity for young scientists to think big," said Eric S. Lander, director of the Broad Institute. "The [National Institute of Health] budget has fallen 12 percent, and it’s sending a message to young scientists that [ambition is] not valued. This could not be further from the truth...

Author: By Kunal P. Raygor, CONTRIBUTING WRITERS | Title: Genome Center Shares In Grant | 9/25/2006 | See Source »

...army convoy rattled through Al-Adhamiya like a carnival roller coaster, each turn as blind as the next. Not that the soldiers could see much anyway. Night had fallen on the old Baghdad quarter, a byzantine maze lit only by kerosene lamps flickering from rugged stone houses. We moved warily in the darkness, patrolling for insurgents in blind alleys custom-made for ambushes and narrow passages perfect for concealing roadside bombs. It was anyone's bet who faced a more dire risk, the hunted in terrorist cells or the hunters in humvees, along with whom I was riding under...

Author: /time Magazine | Title: How I Lost My Hand But Found Myself | 9/24/2006 | See Source »

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