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...Booming prices for oil, copper, gold and other commodities over the past decade have produced annual GDP growth rates as high as 6% in some African countries. But the International Monetary Fund predicts continent-wide economic growth of only about 1.7% this year - compared with last year's growth estimate of about 5.5%. (See pictures of scared traders...

Author: /time Magazine | Title: Why Wealthy Nations Are Stiffing Africa | 6/12/2009 | See Source »

Like what? YouTube and Facebook are obviously giant winners. They're platforms through which viral trends are passed. They used to say that the people who got rich in the gold rush were the people who sold the tools and the shovels. That was true of the first dotcom boom, and it's true...

Author: /time Magazine | Title: The Internet's Short Attention Span | 6/11/2009 | See Source »

...columns of the Wat Phra Si Sanphet to the many parks strewn with headless statuary and palace foundations. But Wat Mahatat, with a stone head emerging from gnarled bodhi (or fig tree) roots, is as good as historical rummaging gets. And the reclining Buddha, speckled with fresh squares of gold leaf, seems hundreds of miles from the nearest mall or massage parlor. (See pictures of Bangkok, the capital of gridlock...

Author: /time Magazine | Title: Beat the Crowds at Ancient Ayutthaya | 6/11/2009 | See Source »

Facing volatile equity markets, investors often look to gold and silver. But an updated study of classical-instrument valuations by Brandeis economist Kathryn Graddy shows that violins may be among the most stable of investments. Graddy's data indicate that between 1850 and April of this year, the value of professional-quality instruments rose in real terms (i.e., after inflation) about 3% annually. High-end violins have appreciated at much higher rates - particularly rare instruments made by Italian masters like Stradivari, Amati and Guarneri...

Author: /time Magazine | Title: String Theory: Investing in High-End Violins | 6/10/2009 | See Source »

...Needs Snow... Colorado's Vail Resorts isn't just a skiing destination. To convince you, the resort has devised all-inclusive family friendly three- and six-night vacations jam-packed with Western activities. The Epic Summer package takes you panning for gold, whitewater rafting, horseback riding on Beaver Creek Mountain, and on gondolas rides to summits and historical walking tours through the old Victorian mining town of Breckenridge. There's even a Wild West cowboy campfire dinner, complete with wagon rides and storytelling. The six-night package costs $1,195 for adults, or $895 for children ages 12 and under...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

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