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...Rajapaksa has been similarly noncommittal about Sri Lanka's economy, particularly in the north, which has suffered not just war but two decades of neglect. Aside from an application for an IMF loan, Rajapaksa's only major economic initiatives are a $1 billion port in his hometown in the south and a $26 million loan scheme for small businesses in the north, both of which, critics say, may be politically popular but are unlikely to make an economic impact. Muttukrishna Sarvananthan, principal researcher at the Point Pedro Institute of Development, notes that Rajapaksa has so far failed to explain...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

...helps that fishing is what defines Bristol Bay. At the main port of Dillingham, the biggest news story of early summer is the catching of the first king salmon of the season. Bristol Bay's commercial fishermen - including the stars of the Discovery Channel reality show The Deadliest Catch - net hundreds of millions of dollars' worth of seafood. But everyone fishes - Todd Palin, Alaska's First Dude and a Dillingham native, has a reserved spot on a local beach. (See pictures of Sarah Palin on the campaign trail...

Author: /time Magazine | Title: Postcard from Bristol Bay | 7/27/2009 | See Source »

...Newark had its glory days as a multicultural melting pot that produced luminaries like novelist Philip Roth and Supreme Court Justice William Brennan. It was a place that, with its strategic location in the Northeast urban corridor and assets like a thriving port, had the potential of Los Angeles. But since the '67 riots and the epic flight that followed, Newark (pop. 280,000) has been searching for its elusive renaissance. Booker, a black kid from the lily-white suburbs of northern New Jersey, has promised to deliver it and prove that an educated, technocratic outsider can rewrite the rules...

Author: /time Magazine | Title: Why Cory Booker Likes Being Mayor of Newark | 7/27/2009 | See Source »

After famine, now comes the flood. SEACOM is the first of three fiber-optic cables that will connect East Africa, via the Kenyan port of Mombasa, to the rest of the world. Analysts say that could lead to a more than 90% reduction in the cost of Internet access in years to come. The high price of using the Internet has up until now crippled the region's nascent tech sector, denying jobs to millions of well-educated young Africans. (Read: "Kenya's Blackboard Jungle...

Author: /time Magazine | Title: Broadband Finally Comes to East Africa | 7/24/2009 | See Source »

...almost evenly between Hu's supporters and their main opponents, the "princelings," a lose amalgamation of the offspring and relatives of former senior party officials. Signs of a power struggle were already evident to some scholars earlier this year, when several senior party officials in Guangdong province and the port city of Tianjin were arrested for corruption. "Corruption arrests are tools [party members] use to launch attacks against each other," says Victor Shih, who teaches political science at Northwestern University and has written a book on élite Chinese politics. Because corruption is so widespread in China, says a Western...

Author: /time Magazine | Title: Could Corruption Probe Linked to Son Hurt Hu? | 7/22/2009 | See Source »

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