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...Serious historians will doubtless mutter, tut and quibble over these simplistic comparisons. But the commuting or holidaying laity will lap them up, as will anyone with a professional interest in globalization. The anarchists, environmentalists, nativists and trade unionists among the latter will certainly be interested to learn that they, too, have their predecessors - factory workers in 18th century England rioted over imported Indian cotton, while abolitionists raged against the market forces and military superiorities that respectively drove and enabled whites to turn blacks into slaves...

Author: /time Magazine | Title: Just Like the Old Days | 8/9/2007 | See Source »

...Wenger, manager of Arsenal, the London soccer club he supports. "There are those who decide their strategy on the basis of who's on the other team, and there are those who decide their strategy on the basis of who's in their team," says Miliband. "It's that latter strategy [Wenger] uses. Focus on your own strategy and let the rest pan out." He also believes that it's vital to articulate the benign motivations underpinning British policy, not least to counter any idea that the West is locked in a clash with Islam: "British foreign policy...

Author: /time Magazine | Title: Outward Bound | 8/2/2007 | See Source »

...rigorous rules out nothing. He has been known to take positions in Turkish glassmaking stocks, Serbian construction stocks and inflation-index-linked housing bonds in Iceland. Today he says he has no dominant positions and cites certain themes such as insurance providers in emerging markets and food. In the latter, he likes beneficiaries of cheap agriculture and protein, noting opportunities in Argentina GDP warrants, Brazil broadly and fertilizer companies in Taiwan. In equities he likes Serbia, Macedonia, Malaysia and the GCC (Gulf Cooperation Council) countries, and he is looking to other frontier markets, including Kazakhstan and Georgia. Pushed to home...

Author: /time Magazine | Title: Hedge Fund Confidential | 8/2/2007 | See Source »

Symonds cited the Western-educated, highly professional management at most companies he visited in the region and noted opportunities particularly in investment management and construction. On the former, Symonds believes that last year's gulf states market crash was overdone, and on the latter, that despite talk of a property bubble, real estate is still extremely cheap by world standards. A penthouse apartment sells for about $350 per sq. ft. (about $3,750 per sq m). Comparable properties in New York City and London sell for about five times that price...

Author: /time Magazine | Title: Hedge Fund Confidential | 8/2/2007 | See Source »

...Ohio and West Virginia (46 dead in 1967) - the cause is far more subtle. The former was triggered by metal fatigue in a single steel pin: when it finally failed, the loss of support transferred excess stress on other parts, which couldn't handle it, failing in turn. The latter was finally traced, again, to a single piece of metal, which had been forged with a tiny, unnoticed crack that weakened further with corrosion...

Author: /time Magazine | Title: Why Did the Bridge Fall? | 8/2/2007 | See Source »

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