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...could be a welcome boost for the economy, which suffered a major blow from the nationwide turmoil sparked by the election dispute. At least 1,000 people were killed in the violence, and on Wednesday, Finance Minister Amos Kimunya said the economy would almost certainly slow down in 2008 because of the crisis. At a gala event to launch the IPO, Kibaki portrayed the offering as a step in the healing process, and urged Kenyans to "take advantage of this investment opportunity and take part in the success story that we have created together...

Author: /time Magazine | Title: Kenya's Mobile Gold Mine | 4/2/2008 | See Source »

...contest - nostalgia has been the driving force behind the changes to the course, and also explains the tournament's wider efforts to foster a throwback feel. Part of the appeal of any sport is the link it provides to previous generations. But because the Masters is the only major golf tournament to return to the same course every year, the notion of following in the footsteps of one's forebears is literal: at Augusta, golfers walk over the Hogan, Sarazen and Nelson bridges, and the tournament is opened each year by "honorary starters" - past champions too infirm to play...

Author: /time Magazine | Title: Golf: Living History | 4/2/2008 | See Source »

...state welfare scheme - with a monthly stipend of $770. A father of five, he says he has had to supplement his income with cash-paid day jobs in construction: "You do your best to support your family." Meanwhile, Mayor Melfi's nephew, Sergio Zaccaria, 27, a business major at Roma Tre University in the nation's capital, says he is not likely to come back to live in Amendolara. "Young people here are bitter that we can't maximize our ability," he says. "So, many of us will never be able to return home...

Author: /time Magazine | Title: Italian Elections: All Is Not Lost | 4/2/2008 | See Source »

...grown into a world leader in cocaine trafficking, with an estimated $47 billion in annual revenue. But the toll has been heavy. The "Massacre of Ferragosto" - the gangland killing last Aug. 15 in Duisburg, Germany, of six young men from in and around San Luca - was the first major 'Ndrangheta killing to occur on foreign soil. Violent death is more common in Calabria, where three people were killed in a five-day period in late March near the town of Crotone...

Author: /time Magazine | Title: Italian Elections: All Is Not Lost | 4/2/2008 | See Source »

...Despite President Bush's support, however, prospects for Georgia and Ukraine's accession to NATO look bleak as long as key Western European powers such as Germany and France remain leery of antagonizing Russia, their major energy supplier. Accepting NATO's admission of tiny Croatia and making concessions on missile defenses might be Putin's offering by way of a sweetener for a compromise with President Bush. Last month, the Russian leader said he had received a letter from Bush that had helped achieve "final agreements" on some differences, and that now Russia and the U.S. were ready to complete...

Author: /time Magazine | Title: NATO: Still a Sore Point With Putin | 4/1/2008 | See Source »

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