Word: nationalizes
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...Russia's expanding trade with Burma includes an agreement to sell the poverty-stricken nation a nuclear research reactor, and the regime has also been bolstering ties with North Korea, receiving arms shipments from its sister Asian pariah state, and employing North Korean engineers to build massive underground bunkers at its fortress-like capital of Naypyidaw...
...Grucci family of Long Island, New York, calls itself "America's first family of fireworks" - and has a solid claim to that title. Since the business began in 1850, Fireworks by Grucci has launched some of the nation's most spectacular pyrotechnic displays, including shows to celebrate the Statue of Liberty centennial, four Olympic Games and seven presidential Inaugurations. TIME spoke with Grucci vice president Phil Butler about this year's Fourth of July...
...have little sympathy for the crippling effect it will have on the industry. "Gambling has become an epidemic that can be compared with AIDS and tuberculosis," says the law's author, Valeriy Pysarenko, a parliamentary deputy from Ukrainian Prime Minister Yulia Tymoshenko's party. "It is destroying the Ukrainian nation on a moral level." Gambling has boomed across Russia and Ukraine since the collapse of the Soviet Union in 1991; before the ban, Ukraine boasted more than 100,000 legal gambling establishments, ranging from flashy casinos to dingy slot-machine halls. (See a video on the casino bet made...
...Swedish Prime Minister Fredrik Reinfeldt - whose country has just taken over the E.U.'s six-month presidency - has acknowledged that the 27-nation bloc has a delicate balancing act to perform. He told reporters on Wednesday that the E.U. should show support for calls for reform from the people of Iran but "must not polarize Iran from the rest of the world so that we are made an excuse for the use of violence and oppression inside Iran." (See the top 10 Ahmadinejad-isms...
...also has to decide how far it can take its nuclear negotiations with Tehran. Iran says it is enriching uranium for power plants, but many countries suspect the oil-rich nation ultimately plans to build a bomb. Three E.U. states - Germany, France and the U.K. - have been leading the talks, but their proposed incentives for Iran to stop its nuclear activities have so far been spurned by Iranian negotiators. If the E.U. hardens its stance, however, it may extinguish any lingering chance of a diplomatic solution to Iran's nuclear ambitions. (Watch TIME's video: "An Iranian Protest March...