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...assist Africa with a Marshall-type plan, I am not sure that economic aid by itself will translate substantially into prosperity. The truth is, Africa is a dysfunctional continent, scarred by the most damaging legacy of colonization: the virtual destruction of its social, political and belief systems. Self-esteem, mutual regard and tolerance have given way to self-loathing, mutual disregard and ethnic and religious intolerance. Africa needs a cultural revolution that will heal old wounds, break down artificial boundaries and re-emphasize the traditional African view of the commonality of people. Fola Arthur-Worrey Lagos, Nigeria...

Author: /time Magazine | Title: Letters: How We Can Help the Poor | 3/28/2005 | See Source »

...What I've learned about directing is how to say the least amount you can say and find a way to communicate that to the actors. I only cast people that I trust. And then there is a mutual trust. Because it's not that I'm not composing shots, but without the actor I really don't have anything. All my work is about character. It's all about what goes on behind the eyes of an actor. If the actor feels hemmed in or emotionally stopped up because of what I'm doing, then I'm actually killing...

Author: /time Magazine | Title: The Odd Couple Gets Even | 3/27/2005 | See Source »

...report] focused on how financial companies use their close ties to the military to sell expensive, unsuitable financial products—insurance, mutual funds, loans—to young, unsophisticated members of in the armed services,” Henriques wrote in an e-mail last night. “[It’s] a problem that has persisted for decades because of weak oversight by Congress and the Pentagon...

Author: By Neesha M. Rao, CONTRIBUTING WRITER | Title: Journalist Wins For Investigative Reporting | 3/24/2005 | See Source »

...terrific place in which to lose money. If you'd bet on the Sensex in 1992, say, you'd have been 30% poorer by 2003. But investors have short memories, and financial firms create whatever products are suddenly in demand. Today, that means a new generation of India-focused mutual funds and hedge funds, often with wonderfully alluring names like (my favorite) the Monsoon India Inflection Fund. The most voguish vehicles of all are mid-cap funds that bet on riskier Indian companies that may one day grow up to be blue chips. In November and December alone...

Author: /time Magazine | Title: High on India | 3/21/2005 | See Source »

...accustomed to secular ones. And I guess I could see where he was coming from: it’s pleasant to imagine Costa Ricans heading, en masse, to the beach, pleasant to think that you could arrive at a place and find a celebration underway, everyone, by mutual, tacit consent, already having a good time, all together, drinking, wearing the same color, happy...

Author: By Phoebe Kosman, | Title: Erin Go Bragh | 3/21/2005 | See Source »

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