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...think we've seen a bottom. I don't think we've seen the bottom. If America's determining its policy on whether the stock market is up for a month, America's in worse shape than I'd realized. We could have a rally for who knows, six months, a year, we could have a rally for a while after having had the kind of collapse we did. In the '30s the stock market rallied frequently. But in the end it was still the Great Depression...

Author: /time Magazine | Title: Investment Guru Jim Rogers | 4/28/2009 | See Source »

...None of the extravagance, it should be noted, is extraordinary at Condé Nast or other glossies. While ex-staffers say Lipman's background in newspapers afforded her little understanding of how much high-end magazine journalism costs, Condé Nast chairman S.I. Newhouse Jr. stuck by her a month past the April issue, which at 106 pages was reputed to be the thinnest his company had ever published. The magazine relied on advertisers from the finance, corporate-branding, car, travel and luxury-goods industries, all hard hit in this recession, and it never became a must...

Author: /time Magazine | Title: Portfolio's Flameout, or How to Burn Money Fast | 4/28/2009 | See Source »

...before any former PLA guerrillas had been folded in - a move made without permission from the Ministry of Defense and against the provisions of the peace agreement. Katawal also refused to retire eight monarchy-era generals despite the new government's order. Things came to a head earlier this month when he refused to let the Nepal army participate in the National Games because the PLA was also taking part. (Read about what King Gyanendra and other ex-royals are doing in "Life After the Throne...

Author: /time Magazine | Title: Nepal's Maoist Government Faces Unrest in the Ranks | 4/27/2009 | See Source »

...Defense Ministry wrote to Katawal earlier this month, giving him 24 hours to clarify his actions. When the general wrote back defiantly, claiming the actions were legitimate, his removal looked imminent, sending shock waves through the political establishment and the donor and diplomatic community. The key opposition party to the Maoists, the Nepali Congress, disrupted parliament on Tuesday and was joined by 15 other political parties, including a key coalition partner, CPN-UML, to oppose the Maoists' move to unseat Katawal. Even the Indian ambassador to Kathmandu, Rakesh Sood, made several representations to Prime Minister Prachanda, asking him to back...

Author: /time Magazine | Title: Nepal's Maoist Government Faces Unrest in the Ranks | 4/27/2009 | See Source »

...accounts, accommodating all 19,000 former guerrillas in the army is not possible. Earlier this month, the Army Integration Special Committee set out to conduct the first survey of what the former rebels want to do. A vast majority are expected to opt to join the Nepal army, but those who don't make the cut will have to be assimilated into other security forces or given other jobs per the terms of the accord. "Some 5,000 have left - they just got tired of waiting," says Kosmos Biswokarma, spokesman for the U.N. mission in Nepal. "The rest are getting...

Author: /time Magazine | Title: Nepal's Maoist Government Faces Unrest in the Ranks | 4/27/2009 | See Source »

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