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...government ends up in de facto control of two of the largest industries in the country, it probably will not have done taxpayers any favors. Should the economy gets worse, the amount of the government's ownership, and its exposure, will grow as it protects its investment and support of "strategic" industries with more capital. It is not far-fetched to believe that the Fed could end up having a 50% stake in Citigroup...

Author: /time Magazine | Title: If the Government Owns the Car and Bank Industries, How Does It Get Money Back? | 4/28/2009 | See Source »

...overseen by a joint commission - has survived for decades. And even though nations can be quite possessive over water (India and Bangladesh have skirmished repeatedly over the shared Mahananda River), they trade it all the time in other forms like rice and grain that require millions of gallons to grow...

Author: /time Magazine | Title: Water Fight | 4/27/2009 | See Source »

...guarantee the current uneasy comity will continue. "We can't use history as our guide for water planning anymore," says Saleem Ali, a visiting fellow at the Brookings Doha Center in Qatar and a co-author of the report. Demographic growth - the continent's population is expected to grow by nearly 500 million people over the next 10 years - combined with climate change will likely mean that far more Asians will be tapping shrinking sources of water. Water wouldn't be a sole trigger for war but rather a "threat multiplier" - a factor that worsens the social instability that...

Author: /time Magazine | Title: Water Fight | 4/27/2009 | See Source »

Russia's strategy is twofold. It wants to use the huge profits it makes selling arms around the world as a platform on which to relaunch its own defense forces. But the arms sales are not only about money. Moscow hopes that as Venezuela and other countries grow more dependent on Russian weapons, political and economic ties will also grow, increasing Russia's global heft. "The West sees it as saber-rattling, but for Russia it is about retaking what it sees as its rightful position in the world," says Guy Anderson, editor of Jane's World Defence Industry...

Author: /time Magazine | Title: Russia Rearms | 4/27/2009 | See Source »

...melodrama, a bit of menace promising thrills in the dark. For now, Efron is bridging those worlds, importing his High School Musical tweens to movie houses, where their money is good too. The streak looks to hold with the cannily bigenerational 17 Again. Things will change, because he'll grow older and his current fans will grow up. But no one seems more prepared for that evolution, for his grownup closeup, than Zac Efron...

Author: /time Magazine | Title: Zac Efron: The Tweens' Dream | 4/27/2009 | See Source »

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