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...Western companies are talking publicly about revising their Russian investment strategies in the wake of the war with Georgia, and Russia watchers are sharply divided over whether there will be a medium- or long-term impact on economic ties with the West. BMW, for one, is proceeding apace with building its sales network there: by the end of this year, it aims to have a dealership in 47 Russian cities with populations of more than 300,000. One of the biggest corporate-investment programs, by Italy's Enel - which has spent about $6 billion on an effort to become...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...expected to rise about 7.5% this year, Neil Shearing, an economist at Capital Economics in London, warns that unless Russian authorities get a grip on this heady growth and "take some of the steam out of the economy, we could have a fairly nasty correction over the medium term." Meanwhile, a report published by the Organization for Economic Cooperation and Development in July warned that Moscow must do much more to end domestic production bottlenecks and boost sectors not related to energy if it wants to avoid serious consequences from any big fall in oil and gas prices...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...thinks that "if Obama wins, people will be scared to death, because he doesn't have much experience." But to that challenge, Lily Dale offers an answer, which essentially comes down to better communication. "We believe spirit is always available if called to help," explains Lelia Cutler, a medium who serves as president of the National Spiritualist Association of Churches. She'd advise politicians to recruit their role models as advisers. "Say you're going to have a vote in Congress on a key bill on Social Security; wouldn't you think Franklin Roosevelt would be interested in what happens...

Author: /time Magazine | Title: Lessons from the Spirit World | 8/21/2008 | See Source »

...Bourne's shows speak to audiences all over the world, it's because he himself has such an acute comprehension of his medium. As a student in the early 1980s he was a near-obsessive balletomane, dissecting works by classical choreographers like Frederick Ashton and Kenneth MacMillan to work out how they established what he calls "that emotional mainline." But he also has an encyclopedic knowledge of film, and of how to apply its visual language in his own work. Speech, he believes, can often get in the way: "You feel things more deeply if there are no words...

Author: /time Magazine | Title: Dance with the Devil | 8/20/2008 | See Source »

...best-selling author of good old-fashioned books, Stephen King has always seen the promise inherent in the Internet. It's a medium designed to get as much content to as many people as possible in the shortest amount of time. And there are few people who have as much content as King. In 2000, he debuted his novella Riding the Bullet exclusively on the Web; more than 400,000 downloads were recorded in the first 24 hours. At the time it was a staggering number. This month, King is dipping his toe into the Internet yet again. To promote...

Author: /time Magazine | Title: Stephen King, Ready for Download | 8/12/2008 | See Source »

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