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...meant to turn out this way. The new Russia was supposed to replace poverty, money worries and grumbling mothers with places like Rusfinance, a Moscow call center that transports you from the gritty streets and auto-parts stores into an indoor world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people--mainly women in their 20s--sit side by side in booths and field calls from Russians asking to borrow money. Most of the time, the answer is a resounding yes. Owned by the French bank Société Générale...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process) but exercises no real control over the global financial system...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...simple bean of the Venezuelan criollo--source of what many connoisseurs consider chocolate's gold standard--had been on the verge of extinction. But here on the Monterosa plantation near the town of Choroní, a small group of entrepreneurs and laborers has dedicated itself to making sure the bean flourishes once more. Monterosa's owner, Kai Rosenberg, has devoted the past 20 years to resurrecting the criollo strain and its gene base. "After I survived a rampant cancer, I decided I was going to do what I really loved," he says. "I used to be in insurance. Can you imagine...

Author: /time Magazine | Title: Postcard from Choroní: The World's Best Chocolate | 2/5/2009 | See Source »

...film,†he said. Mostow’s passion has become a lucrative career. The director of “Terminator 3†and the upcoming “Swiss Family Robinson†is one of many alums who have moved out West to strike gold in Hollywood. From Darren S. Aronofsky ’91—director of the Academy Award-nominated “The Wrestlerâ€â€”to Jeffrey A. Zucker ’86—former president of the Crimson and current president and CEO of NBC?...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Welcome to the Reel World | 2/5/2009 | See Source »

...snow-covered Midwest. It was a Monday - a school night - but 1,100 teenagers crammed into Clear Lake, Iowa's Surf Ballroom for two sold out shows. They wore blue jeans and saddle shoes and screamed for 17-year-old Richie Valens, whose single "Donna" was about to go gold. Between sets, Holly solicited people to join him on the charter airplane he'd hired to fly to the next show in Moorhead, Minnesota. The musicians had been traveling by bus for over a week and it had already broken down once. They were tired, they hadn't been paid...

Author: /time Magazine | Title: The Day the Music Died | 2/3/2009 | See Source »

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