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...terrifically readable - and far more convincing - The Bottom Billion, former World Bank research director Paul Collier offers another take on why aid is so ineffective. For one, it's often inefficiently distributed: according to one survey in Ghana, only about 1% of medical aid actually made it to hospitals. And foreign aid is sometimes channeled into military spending - about 11% of the total, according to Collier's best estimate - or squirreled away in Swiss banks by kleptocrats. But Collier primarily blames a phenomenon known in economics circles as "Dutch disease...

Author: /time Magazine | Title: Now for the Bad News | 9/13/2007 | See Source »

...Paul McCulley and Ramin Toloui are portfolio managers at the Pacific Investment Management Company (PIMCO), one of the world's largest fixed-income investment firms

Author: /time Magazine | Title: Asia Rising | 9/13/2007 | See Source »

...Watch and Day Watch, opened offices in Moscow last year. Paramount and Disney are kicking the tires. And Sony, through its Columbia Tristar division, joined with several American investors last year to form Monumental Pictures, which is producing Russian-language movies for the domestic market. Monumental's general director, Paul Heth, an American, built the first Western-style cinemas in Russia. He and his business partner, Shari Redstone, the daughter of Viacom chairman Sumner Redstone, have watched Russian movies begin to reclaim their own territory. Hollywood films still rule Russian theaters, but a Russian movie has claimed the top spot...

Author: /time Magazine | Title: The Reel Russia | 9/13/2007 | See Source »

Some U.S. GIs return from Iraq missing more than a limb. Their minds are not so much broken as AWOL. One soldier's father (Tommy Lee Jones) wants to know what happened to his boy, and a spunky cop (Charlize Theron) helps him locate the horror. Director Paul Haggis (Crash) mines all the nuances of love, loyalty and depravity in this searing, caring drama...

Author: /time Magazine | Title: Downtime: Sep. 24, 2007 | 9/13/2007 | See Source »

Yesterday Galluccio bested Cambridge attorney Timothy R. Flaherty, Chelsea City Councilor Paul R. Nowicki, and Cambridge human rights lawyer Jeff Ross...

Author: By Paras D. Bhayani and Nicholas K. Tabor, CRIMSON STAFF WRITERSS | Title: Third Time's the Charm | 9/12/2007 | See Source »

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