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...getting enough credit, particularly for bright spots in the economy, which is in its best shape in nearly a decade. The Jakarta Stock Exchange index hit an all-time high in April and foreign-currency reserves are the largest ever at $37 billion. The economy is growing at its fastest rate since 2000, fueled in part by China's soaring demand for commodities?the 17,000-island archipelago is rich in oil, natural gas, gold, copper, nickel, coal, palm oil and rubber. Global confidence in Indonesia's prospects has also improved somewhat. In March, the country successfully raised $1 billion...
...longer just about the assembly line or order entry. More and more highly skilled professionals--Wingfield has an M.B.A. and 23 years of experience--are turning to temp agencies while they struggle with a tough labor market. These accomplished workers--lawyers, accountants, engineers, biochemists--make up the fastest-growing segment of the temporary work force and account for as much as a third of the business of large temp firms. That's helped lift temp agencies, which tend to do well in a recovering economy, as companies use them to dip a toe into the hiring pool. Since April...
Meanwhile, truly menacing problems--one of the world's fastest-growing HIV/AIDS infection rates, negative population growth, pollution--are largely ignored. The overall picture is that of a risk-averse, cynical leader. Time is running out for Putin. If his second term goes the same way as his first, he will be remembered as the man who could have done great things but succeeded only in leading Russia down yet another historical blind alley. --By Paul Quinn-Judge
Quick, name the world's fastest-growing major developed economy. It's not in Europe, and it's not the U.S. Surprise, it's Japan, which turned in an impressive 6.4% annualized gain in the final quarter of last year. Much of the credit belongs to Fukui, who just completed his first year as head of the Bank of Japan. "Out of 100 points, I give his performance a 99," says Jesper Koll, chief Japan analyst at Merrill Lynch in Tokyo. Some have gone so far as to call Fukui, 68, the best central banker in the world...
...brings a physician's sensibility to his job. Still, he doesn't run a philanthropy. Thanks to aggressive marketing in the U.S., Novartis' sales surged 19% last year to nearly $25 billion, as it became the world's fifth largest drug company and the fastest growing of the industry's giant firms. --By Unmesh Kher