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...Some eyebrows were raised in Montenegro when the government agreed to a $5 million sale price for about 62 acres (25 ha) of land and a half-mile (0.8 km) stretch of palm-shaded shoreline facing a wide bay backed by mountains. But, contends Djukanovic, "you either sell the land or buy a project. We bought a project." In addition to creating an estimated 5,000 jobs when finished, the investors agreed to clean up the waters around the site, buy out about 480 workers who lost their jobs when the shipyard shut down, and upgrade Tivat's sewage...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...backhoe's work could be seen along a six-mile (10 km) stretch of the road from Tskhinvali to the Russian border. Gates and fences had been smashed down and piping bent into a crazy...

Author: /time Magazine | Title: Fanning Ethnic Flames in Georgia | 8/20/2008 | See Source »

...news for the rich array of plants and wildlife the forest supports. Finer points out that there are approximately 180 separate zones of development for oil and gas exploration in the western Pacific, run by at least 35 multinational energy companies. The area covers almost 700,000 sq. km. and it's growing fast. In 2003 Peru cut oil and gas royalties in an effort to kick start energy investment; that discount, compounded by the rapidly rising price of oil, sparked a mini-boom in energy exploration. Oil and gas zones now cover some 72% of the Peruvian Amazon...

Author: /time Magazine | Title: Drilling for Oil Way, Way Offshore | 8/18/2008 | See Source »

...stolen cars. They took TVs, rugs, even windows and doors. "I said to four men who came into my house, 'Take what you want,' and they said, 'We don't have to ask you, it is ours,' " said the farmer, who was walking the road to Tbilisi 80 km (50 miles) away. "When the Russian army goes, the Ossetians come and take everything." A neighbor and grandfather who was sitting in the street when the looters came raised his arm and was shot dead. "We could not bury him," Maria Kharbegashvili, 49, says. Her harvest of apples and peaches will...

Author: /time Magazine | Title: Russia's Tight Hold on Georgia | 8/14/2008 | See Source »

Even the governor of Gori was barred from returning to his town today. Waiting at a police checkpoint in his black Toyota Land Cruiser some 48 km (30 miles) from Gori, he said the Georgian government ordered him to leave yesterday for his own security after looters overran the town, ransacking his home and office. He said that, according to his sources, local Ossetians are urging Russian troops to stay. "They (Ossetians) don't want to be exposed (to retribution)," said the governor, Vladimir Vardzelashvili...

Author: /time Magazine | Title: Russia's Tight Hold on Georgia | 8/14/2008 | See Source »

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