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Like so many gatherings of European Union leaders, the Georgia crisis summit held in Brussels Monday was flush with grandiose rhetoric but in the end short on substance...

Author: /time Magazine | Title: EU Talks Tough on Russia | 9/1/2008 | See Source »

Russia could do little to stem NATO's advance during the economic and social collapse presided over by Boris Yeltsin. But Putin's Russia, flush with petrodollars, has re-emerged as a geopolitical player at the same time that U.S. influence has been waning. With the bloodletting in Georgia, the Russians are telling Europe that the current security architecture is dysfunctional - a message Moscow sent earlier in the year through a vague proposal to replace NATO with a pan-European security structure in which Russia would be an equal partner...

Author: /time Magazine | Title: The Georgia Crisis: A Blow to NATO | 8/15/2008 | See Source »

...partly of conservative attitudes toward them as precious creatures who need to be protected. But the past few years have seen women's banks and investment companies proliferate across the Middle East. Arab women, increasingly well educated and common in the workplace, are seeking financial independence. In the Gulf, flush with wealth from the oil and gas boom, they are looking to invest in more sophisticated vehicles than the traditional stashes for women's assets: banks and property. The Kuwait Stock Exchange has a women's floor; during the Arab stock boom of 2006, women in Dubai lobbied for their...

Author: /time Magazine | Title: Middle East: Women's Money Talks | 7/30/2008 | See Source »

...Flush with profits from huge oil and gas reserves, sovereign wealth funds like Mubadala have been on quite a spree of late, particularly in the U.S. Eager to reduce Abu Dhabi's economic dependence on energy, Mubadala has bought stakes in chipmaker Advanced Micro Devices and private equity giant the Carlyle Group; another sovereign wealth fund, the Abu Dhabi Investment Authority, paid $7.5 billion to become Citigroup's largest shareholder; and this month the Abu Dhabi Investment Council offered $800 million for a 90% stake in Manhattan's iconic Chrysler Building, pictured above...

Author: /time Magazine | Title: Abu Dhabi: Rising Power | 7/23/2008 | See Source »

...first flush of success, Twain began work on a travel book, The Innocents Abroad, that would bring him sizable amounts of money. In that book he simultaneously took on the pretensions of Europe and the spectacle of a bunch of comical American tourists, including himself, making a sustained encounter with an Old World that was never quite as impressive as it was supposed...

Author: /time Magazine | Title: Mark Twain: Our Original Superstar | 7/3/2008 | See Source »

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