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There's a whisper of hope on the stricken Pacific island of Nauru these days, and it's coming from a 35-year-old Harvard graduate named David Adeang. Since becoming Finance Minister in the new government of President Ludwig Scotty, the popular Adeang has been fighting to revive what was once one of the world's wealthiest countries. As a young boy, Adeang used to watch the country's fleet of new planes roll up and down the island's runway, and its cargo ships race in and out of port. Now Nauru can only afford...

Author: /time Magazine | Title: Will Nauru Get a Second Chance? | 12/14/2004 | See Source »

...successive budget deficits by 2005-06 - an ambitious goal that will depend on finding new revenue sources. Secondary mining of phosphate deposits may be possible, but delayed trials have never gone ahead. To make matters worse, the government was last week told that the island's neglected mooring facilities require substantial repair. The only economic cheer comes from the asylum-seeker processing center set up by Australia, which has the island's hotel fully booked with staff and migration officials. Criticized in Australia, the center is supported by the Nauruan government, which this year received $A22.5m in funding from Canberra...

Author: /time Magazine | Title: Will Nauru Get a Second Chance? | 12/14/2004 | See Source »

...There are so many expectations on us to come up with some solutions." Money is not the only problem: most food is imported, and last week Adeang learnt that the cargo ship due to arrive this week with supplies of flour, rice and sugar has decided to skip the island because of the meager volume, and won't be back until January. "There will be food shortages around Christmas," he says...

Author: /time Magazine | Title: Will Nauru Get a Second Chance? | 12/14/2004 | See Source »

...paint may be faded, but the warning is current. Beyond it, a jumble of petrol drums, sticks and signs blocks the narrow bitumen strip, and in the shadows a group of young men stand guard. For most people, Morgan Junction is as close as they dare come to the island's forbidden zone...

Author: /time Magazine | Title: Jungle Fever | 12/14/2004 | See Source »

...name wasn't on the ballot, but Taiwan's President Chen Shui-bian was the big loser in the island's legislative election last Saturday. Candidates from Chen's independence-leaning Democratic Progressive Party and its ally, the Taiwan Solidarity Union?known collectively as the "green" camp?won only 101 out of 225 seats in the fiercely fought contest. The winner: the "blue" Kuomintang- or KMT-led opposition, which favors eventual reunification with China, managed to retain a slim majority by securing 114 seats, just one more than it previously held. KMT chairman Lien Chan emerged from his office...

Author: /time Magazine | Title: Check and Balance | 12/12/2004 | See Source »

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