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...That pattern has repeated itself throughout Eastern Europe. As the Soviet Union melted away, newly unfettered countries were primed and hungry for economic growth. Back in 1994, for example, Estonia became one of the world's first regimes with a flat tax on corporate and personal income. These young democracies also benefited from advantages shared by the region as a whole, including enviable political stability, social cohesion and a sound regulatory environment. Equally key, they boasted high levels of education and innovation, giving rise to outfits like the Internet telephone company Skype, which was founded by a Dane...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

...Stiglitz and Macartan Humphreys - assert that there is "a strong association between resource wealth and the likelihood of weak democratic development, corruption and civil war." Western oil workers in the Middle East lived in secure compounds with armed guards long before hijackers hit the Twin Towers. Is that same pattern developing in the Niger Delta today, where they also live in guarded compounds after the kidnap of more than 200 workers in the last two years...

Author: /time Magazine | Title: Africa's Oil Dreams | 5/31/2007 | See Source »

...Bush noted, international attempts to pressure the Sudanese government have long foundered on Bashir's intransigence. "President Bashir's actions over the past few weeks follow a long pattern of promising cooperation while finding new methods for obstruction," the President said. "The result is that the dire security situation on the ground in Darfur has not changed." The question is how sanctions by the U.S. government against a few Sudanese companies with whom America already does no business will persuade Bashir to relent...

Author: /time Magazine | Title: Will Sanctions End the Darfur Killing? | 5/29/2007 | See Source »

...faithful are not accustomed to hearing him publicly correct his own missteps. And certainly Benedict XVI, a man of rock-solid (some might say stubborn) convictions, would be the last person you would expect to waffle or backtrack on his key pronouncements. Which is why perhaps the most troubling pattern of his reign is Benedict's notable tendency to do just that...

Author: /time Magazine | Title: Pope Benedict: "What I Meant to Say..." | 5/24/2007 | See Source »

...morning after he found that letter again, Romney was headed to Iowa for the 16th time in the past two years. "The older I get, the smarter Dad is," Romney said. "I pattern myself like him - his character, his sense of vision, his sense of purpose...

Author: /time Magazine | Title: What Romney Believes | 5/10/2007 | See Source »

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