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...These operations are mushrooming all over the state of Florida," says State Attorney Katherine Fernandez Rundle for Miami-Dade County, the de facto capital of the state's indoor pot industry. Taking these operations down is dangerous work. Some growers stockpile automatic weapons to protect themselves - and to fend off thieves who are after the valuable crop. (Watch TIME's video "Medical Marijuana Home Delivery...

Author: /time Magazine | Title: Florida's Marijuana Boom: House-Grown, and Potent | 7/30/2009 | See Source »

...part of international security in the next few years. North Korean leader Kim Jong-Il is a dying man. He has not prepared his 24-year old son and heir, Kim Jong-Un, for succession. Now, the world is stuck with a boy-king who is ill-trained to fend off power-hungry generals bred on Pyongyang’s “military first” policy. Such is the North Korea of nightmares, where nuclear weapons are not a carefully-kept international tease, but a valuable trump card in a close domestic power struggle...

Author: By Anita J Joseph | Title: Stay the Course in Korea | 7/23/2009 | See Source »

...more remarkable aspects of Chinese government efforts to fend off the global economic downturn has been a surge in lending. To keep struggling enterprises afloat, Beijing urged Chinese banks to open the credit floodgates - and bankers have done so. The People's Bank of China, the central bank, estimates that $224 billion in new loans were made in June alone, bringing the total for the first half of the year to $1.08 trillion - 50% more than the amount of loans Chinese banks issued in all of 2008. (Read "China's Banks Become the Government's Foot Soldiers...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...Putin's more optimistic forecasts, which some saw as an attempt to fend off political instability, "suffered a radical readjustment," wrote the daily Nezavisamaya Gazeta. "We all understand what a difficult situation our country, our economy, is in," Medvedev said as he announced that budget expenditures would exceed revenues for the first time in 10 years. He said the government would move "to a strict regime of saving budget resources" along the lines championed by bearish Finance Minister Alexei Kudrin. (See pictures of Putin...

Author: /time Magazine | Title: Medvedev's Grim View of Russia's Economy | 5/26/2009 | See Source »

Iraq's economic woes stem mainly from the huge drop in the price of oil, which accounts for 90% of the country's revenues. Last summer the price of oil soared to nearly $150 a barrel. Now the price is roughly a third of that, leaving Iraq struggling to fend off a financial collapse within its government. Iraq has an estimated $30 billion in surplus funds generated from oil sales in years past, but that money is dwindling. Iraq expects to run a deficit this year of roughly $20 billion, which could be covered by the surplus funds...

Author: /time Magazine | Title: How the Economy Could Crush Iraq's Hopes | 5/23/2009 | See Source »

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