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...story of Morrison's buried treasure - and the reasons why he can't get it out of the ground - says a lot about the current state of Indonesia, the world's fourth most populous country. On one level, it is actually a good-news tale of the vibrancy of the nation's democracy and the growing power of its citizens just 10 years after the fall of the dictator Suharto. (See photos of Suharto's Indonesia here). On another level, however, it is a story that explains why Indonesia has slipped in status from roaring economic tiger to chronic underachiever...

Author: /time Magazine | Title: What's Holding Indonesia Back? | 9/11/2008 | See Source »

...seen exports surge, others have stagnated despite soaring commodity prices. A dearth of investment combined with aging fields has reduced the country's once formidable oil industry to near insignificance. Production has plummeted by one third in the past eight years. There may be undiscovered oil still in the ground. But funding for exploration has been scared off by a 2001 law that created a confusing regulatory framework for the sector and imposed taxes on companies before the start of production, which effectively increased the financial risk of searching for new fields. In 1998, oil companies drilled 145 exploratory wells...

Author: /time Magazine | Title: What's Holding Indonesia Back? | 9/11/2008 | See Source »

...hiding. From these tribal areas, al-Qaeda and remnants of the Afghan Taliban, protected by their Pakistani friends, have launched attacks into Afghanistan, dragging the U.S. and its allies into a shadow war on some of the least hospitable terrain on earth. On Sept. 3, U.S.-led helicopter and ground troops made a raid into Pakistan from across the border. At least 17 Pakistanis were killed, and so far there has been no concrete explanation of what happened and why. U.S. forces have previously fired from Afghanistan in pursuit of militants crossing the border, and Predator drones have launched Hellfire...

Author: /time Magazine | Title: The Central Front | 9/11/2008 | See Source »

...Within, his fourth volume on George W. Bush. And after seven years of reporting on the President, Woodward may well have given us his culminating judgment. In his most measured behind-the-scenes look at the White House to date, Woodward stakes out a middle ground between 2002's hagiographic Bush at War and 2006's scalding State of Denial. While Denial seethes with a barely contained anger (mostly directed at Defense Secretary Donald Rumsfeld), The War Within closes its eyes and shakes its head slowly in resignation...

Author: /time Magazine | Title: The Skimmer | 9/11/2008 | See Source »

...only one name and has been working there for more than a decade. Although rising wheat prices have forced the company to increase prices 30% and the USDA's free-wheat program has shifted to nations with more pressing food shortages, for now TPS is back on solid financial ground...

Author: /time Magazine | Title: Teaching Them to Fish | 9/11/2008 | See Source »

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