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...1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices had fallen to just $12 a barrel. This meant that Saudi Arabia - which sells its precious black gold at a discount, on average - was getting just $7 a barrel. Deficit financing was the only solution, and the government started borrowing at home and abroad. By 1999, Saudi Arabia's government debt was bigger than its economy. And then came 9/11, which drove the final nails into the coffin...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

...regular-season games during 13 years in the league and another 75 in his 12 playoff appearances. When the time came to pick a coach for the greatest team ever assembled, our nation turned to Coach Daly. He didn't disappoint, leading the Dream Team to Olympic gold...

Author: /time Magazine | Title: Chuck Daly | 5/25/2009 | See Source »

...songs on the Internet. Then in 2003 the producers of The O.C. called - the band didn't even have a website, and a major television show had heard them online. Two years, one record-label switch and thousands of illegally downloaded songs later, Death Cab for Cutie had a gold album and was regularly name-checked on a prime-time teen drama. Death Cab is just one of the Internet-and-music stories chronicled in Chicago Tribune music critic Greg Kot's book Ripped: How the Wired Generation Revolutionized Music. Kot talks to TIME about the demise of the music...

Author: /time Magazine | Title: Greg Kot: How the Internet Changed Music | 5/21/2009 | See Source »

...wackiest and most useless pieces of merchandise - some of which cost more than the latest Prius or, you know, the average American home. Take the magnetic floating bed created by a Dutch architect, valued at a bargain price of $1.5 million. Or maybe you're interested in some gold pills filled with edible gold leaf, designed for users to "digest to increase self-worth." Bravo! There's nothing like flushing $429 down the toilet...

Author: /time Magazine | Title: Maybe You Shouldn't Buy That, Dummy | 5/20/2009 | See Source »

...group responds. Such performative exchanges—not to mention the boots—are a good indication of what makes the group distinctive. But the Harvard College Gumboots Dance Troupe is about more than performance alone. From South Africa, Gumboots is a tradition said to have originated with gold miners during the Apartheid. The dance acted as a means of expression among workers suppressed and forced to endure brutal conditions. Some were not allowed to move, kept away from their families, and shackled to their work. Rubber boots—“gumboots?...

Author: By Margherita Pignatelli, CRIMSON STAFF WRITER | Title: Gumboots Stomp in Sync | 5/20/2009 | See Source »

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