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...Still, Musharraf's exit is likely to provide the coalition a significant if brief popularity bump. The Karachi Stock Exchange rose 4%, and the rupee rose marginally against the dollar. But with inflation at 25%, alarming levels of capital flight, soaring costs of food and fuel, and rising unemployment, the economic outlook remains bleak. And as Pakistan-based Taliban become more confident, Islamist militancy is a growing concern...

Author: /time Magazine | Title: In Pakistan, Musharraf Bows Out | 8/18/2008 | See Source »

...Police often refuse to register cases against well-known criminals, for fear of retaliation and more often because they are on the take. When Amruddin's 13-year-old daughter was kidnapped in Sar-i-pul province last year, he had to pay for the local police officer's fuel in order to get the officer to visit the café where she had last been seen. The officer was no help. When Amruddin - who, like most poor farmers in Afghanistan, only has one name - finally found his daughter a week later, she identified the police officer...

Author: /time Magazine | Title: Afghanistan's Epidemic of Child Rape | 8/17/2008 | See Source »

...harbor for a major oil producer, except that much of what's flowing through Khur al-Zubar is coming into Iraq rather than heading out. These days, the facility, originally built more than 30 years ago for exporting oil, takes in roughly 66,460 metric tons of fuel a month, only slightly less than the amount of oil the area pumps for sale on the world market. (Iraq, as a whole, imports roughly a fifth of its oil.) "It's a problem," says port manager Hussein Hamid al-Maliki, who's working on building another jetty to up the inflow...

Author: /time Magazine | Title: Why Iraq Is Still Oil Poor | 8/15/2008 | See Source »

...production is rising in the country and abroad as global prices soar. (At the same time, current oil revenues account for 90% of the government's substantial budget surplus of roughly $50 billion, unspent because of an inefficient infrastructure and bureaucracy.) Much of Iraq starves for electricity and fuel as vast amounts of oil and gas sit untapped in the ground. Iraq's oil industry needs a virtual overhaul to reach a level of production that could erase chronic fuel shortages in the country and rake in windfall profits to be had on the world market. The Iraqi government...

Author: /time Magazine | Title: Why Iraq Is Still Oil Poor | 8/15/2008 | See Source »

...have to fly over the airspace of Hong Kong. The air controllers of Taiwan and the mainland are still unable to talk to each other. We have to change that, and we may be able to change that in the next couple of months so that we can save fuel and time. Then we open up direct navigation between the seaports in China and Taiwan. Next year we hope to negotiate an air-transport agreement with the mainland to convert the weekend charters to everyday charters and then to scheduled flights just like everywhere else in the world. Beyond that...

Author: /time Magazine | Title: The World According To Ma | 8/14/2008 | See Source »

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