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...economists contend that Indonesia's performance could match that of India and China if Yudhoyono presses reforms further. The most damaging, and most politically sensitive, issue dampening investment is the nation's oppressive labor law. Passed in 2003, it requires companies to get government approval to lay off staff and mandates heavy severance payments. The stipulations were a misguided attempt to protect local workers that instead has made Indonesia uncompetitive in the kinds of labor-intensive industries - like textiles and footwear manufacturing - that could help reduce the country's lofty unemployment rate, currently at about 8.5%. Political analysts complain that...

Author: /time Magazine | Title: What's Holding Indonesia Back? | 9/11/2008 | See Source »

...Zimbabwe's hunger is by no means restricted to the countryside. As an unemployed property owner in Harare put it: "I can't afford to feed my family anymore, so I have told my children to lay their hands on anything, including illegal activities. We only eat once or twice a day. Most of the time we turn the screws on our tenants." (See photos of Ethiopia's harvest of hunger here...

Author: /time Magazine | Title: Starvation Hovers over Zimbabwe | 9/9/2008 | See Source »

...throw a good party - and the one unfolding in the center of Bangkok was a doozy. With the scent of grilled squid and beer in the air, thousands of citizens from across Thailand grooved to rocking guitar riffs and cheered until their voices grew hoarse. But beneath the revelry lay a measure of menace. These were not simple partygoers but protesters from the People's Alliance for Democracy (PAD), who on Aug. 26 besieged Government House, Thailand's seat of power, vowing to occupy the manicured grounds until Prime Minister Samak Sundaravej resigned. At first, the demonstrators - many middle-class...

Author: /time Magazine | Title: The Battle for Thailand | 9/4/2008 | See Source »

...national stage is no small town. McCain may have given her a chance that women have been waiting for for years. But he has also been through this before, faced the kind of scrutiny for which nothing can really prepare you. Did he warn her about what lay ahead...

Author: /time Magazine | Title: Can Palin Escape the Parent Trap? | 9/4/2008 | See Source »

...defense capabilities are almost non-existent, even when its member countries sing together on foreign policy issues. But since the fall of the Berlin Wall, this has had only limited consequences: there have been few external threats to lay bare the E.U.'s lack of foreign policy credibility...

Author: /time Magazine | Title: EU Talks Tough on Russia | 9/1/2008 | See Source »

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