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...chairman of the International Monetary Fund's policymaking committee, giving him a powerful voice in determining the IMF's role in the global economic crisis. It's the first time a non-Westerner has held the job, and Boutros-Ghali knows he carries the developing world's expectations. His main task, he says, is to get the IMF to better understand its borrowers. "[I've] experienced the pointy end of IMF policies," he says. "I bring a view different from a G-7 Finance Minister. I am sensitive to different things - I can help to change the optics." (Read...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...confined to La Cave, a glassed-in room at the back of the store for goods containing alcohol, pork or tobacco. Wearing special blue gloves, La Cave's staff handle haram goods and seal them in airtight pink plastic wrapping after purchase, so as not to contaminate the main store. "I'm so scared," said Norini Razak, a 23-year-old regular Carrefour shopper in a grey-and-white hijab. "It's difficult for one to know what is halal and what is not, so I'd prefer to go to a shop with labels [to help...

Author: /time Magazine | Title: Halal: Buying Muslim | 5/25/2009 | See Source »

...boom became captive to a "mine is bigger than yours" syndrome. Competing states embarked on advertising campaigns and hired in public-relations firms to tout their wares. Developers and rulers alike pushed artificial islands (Dubai, Abu Dhabi, Qatar, Bahrain, Kuwait), and in many places real estate became the main economic activity. Officials promoted their cities as financial hubs as a way to diversify away from oil. Hundreds of millions of dollars were poured into national air carriers and airports, which were seen both as a source of national pride and as another way to expand the energy-dependent economies...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

...Communists and their allies - known collectively as the Left Front - were an influential part of the ruling coalition. Now they have been relegated to the fringes of Parliament. "This necessitates action and rethinking," said Prakash Karat, general secretary of the Communist Party of India-Marxist (CPI-M), the main Communist faction, speaking to reporters soon after the polls. (See pictures of Congress Party leader Sonia Gandhi on the campaign trail...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

...little surprise that far-left politics have thrived in India, where a third of the country remains below the poverty line and the majority still ekes out a living in the countryside. While the main Communist parties have always tied their lot to parliamentary democracy, championing land reform and opposing moves toward privatization, myriad splinter groups fighting for the marginalized and dispossessed continue to wage bloody insurgencies in pockets of the country. Still, India's remarkable economic growth in recent decades and its emergence as a key player in global affairs under the Congress-led government of Manmohan Singh...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

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