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There's nothing flashy about Lyudinovo (pop. 47,000), whose name translates roughly as People's Town. The central square is a traffic island with a Soviet T-34 tank on a pedestal, a World War II memorial. Next to it is a farmers' market, where local babushkas with woolly hats and dodgy teeth sell homegrown carrots and potatoes for 10¢ a kilo. But look closer and it's clear that even Lyudinovo isn't frozen in time. An emporium that opened a year ago sells South Korean refrigerators, French yogurt and fake Italian pumps. Several houses are being built...

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

...more. The cable factory laid off 40 people and cut pay 15% for those who remained. At least they're being paid: the machinery factory nearby is two months in arrears. "People woke up one day, and everything had changed," says Ivan Pronin, editor of the local paper, the Lyudinovo Worker. "It's like a hurricane blew through here...

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

...buried, anger is not far from the surface. A young woman standing outside the Lyudinovo emporium rocks her infant son's stroller and, looking around nervously, vents her worries. Prices keep going up, she complains, and she had to pay a $200 bribe to get her son into a local nursery. "You tell that to Putin and Medvedev," she fumes and then worries that she'll get into trouble for talking to foreigners...

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

...Since Bhutto's death, a weak elected government and a recalcitrant military have failed to check the easy movement of al-Qaeda and Taliban fighters in and out of Afghanistan. That has forced the U.S. military to launch targeted missile strikes on Pakistani soil, a policy that has enraged local public opinion...

Author: /time Magazine | Title: Pakistan's Prospects | 2/5/2009 | See Source »

...dependence on environmentally disastrous fossil fuels, which increases the power of our enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate--and more time to confer with special-interest lobbyists and local-interest political advisers--it enacts fair tax policies, sustainable energy policies, wise infrastructure policies, responsible fiscal policies or any other policies tainted by long-term thinking or national-interest considerations. If Obama wants to push 21st century change through Capitol Hill, he needs to use this emergency...

Author: /time Magazine | Title: How to Spend the Stimulus | 2/5/2009 | See Source »

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