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Russia needs foreign companies to plug a huge hole in Putin's economic policies. During his first term, Putin introduced modern tax and corporation laws. But he failed to spur the development of a business infrastructure that would enable Russia to shake its overreliance on energy and metals. Now, as the crisis starts to bite, the Kremlin is reacting by increasing its control over broad swaths of the economy. Through the state-controlled banks, it is bailing out selected business executives who are having trouble paying their debts--including Oleg Deripaska, a metals tycoon who until recently was Russia...

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

Another problem is land invasions by local farmers who chop down cacao to plant faster-yielding banana trees. "They destroy the forest forever," Rosenberg complains, pointing to a hole in one of his plantation's barbed-wire fences. Jorge Redmond, president of Chocolates El Rey, a Venezuelan company that has been processing premium cacao since 1929, says El Rey saw almost 865 acres (350 hectares) decimated recently when 40 families invaded. "A 10-year effort was destroyed in days," he says. "We were able to produce one batch of San Joaquin Private Reserve chocolate before this happened, but we will...

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

...person who drives at night. It's the person who goes with you to talk to the auto mechanic so you're not ripped off, and you think he'll be less likely to be. This person falls right into the hole in your life, in the role of partner, fulfilling the functions of many of the functions of the partner you lost...

Author: /time Magazine | Title: Getting Naked Again — Dating After Divorce or Widowhood | 2/4/2009 | See Source »

...period with a solid chance to score, and later two saves by Hoyle helped kill the first Terrier power play. Having neutralized its opponent’s attack, Harvard made the most of its own scoring opportunity 11 minutes into the frame, when a soft wrister through the five-hole from sophomore Michael Biega gave him his fourth goal of the season. The younger Biega took a pass from freshman Eric Kroshus in the left circle and maneuvered his way through the defense to put the Crimson ahead.Lackluster play by BU combined with Hoyle’s solid performance...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Top Dogs Down Crimson by Goal | 2/3/2009 | See Source »

...derrick to grab some sleep, they had penetrated the slushy, oil-bearing sand underneath...Four hours later Cullen heard Brown shout: "Wake up, Mr Cullen. I think she's coming in!" In the dim predawn light Cullen rose to see oil and gas spewing so violently from their hole that the four-inch flow line, which connected the well to a storage tank, had come loose and was wildly slashing the air. Cullen dashed to the storage tank, leaped atop it, and held the thrashing line until his crew could tie it down...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

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