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Until recently, Spain was one of the European Union's great success stories. In 1992, Spain's per capita GDP was 70% of the E.U. average; by 2006 it was 90% of that of the 15 pre-2004 members. Growth helped cut unemployment, which had hovered near 20% for decades, to 8.3% in 2007, and drew hundreds of thousands of immigrants to a country that had, in the '50s and '60s, sent its own desperate citizens abroad. (Read: "Bitter Harvest in Spain's Olive Country...

Author: /time Magazine | Title: The Broken Hopes of a Spanish Generation | 7/20/2009 | See Source »

...beyond brazen in his forced marriage of suicide raids on homophobes and the cartoon mockery of rural Southerners - sort of al-Qaeda and Al Capp. But he and Universal (which paid a hefty $42.5 million for rights to the movie and launched a worldwide marketing campaign that brought the pre-release tab to about $100 million) had two hints that things could go wrong. One was the death of Michael Jackson, which spurred the filmmakers to remove a scene in which Brüno asks La Toya Jackson for the King of Pop's phone number. (See pictures...

Author: /time Magazine | Title: Box-Office Weekend: Brüno a One-Day Wonder? | 7/13/2009 | See Source »

...Universal had high hopes for Brüno's opening weekend. Buoyed by the film's robust $1.6 million at Thursday midnight screenings and impressive pre-buys of tickets on Fandango and other sites, a studio insider told industry blogger Nikki Finke on Friday morning, "If it holds up, we'll do $50 million." The Friday figures supported that optimism: Brüno amassed a sensational $14.4 million. But the movie plummeted nearly 40% its second day, to $8.8 million. Meanwhile, the next five movies on the chart - Ice Age 3, Transformers 2, Public Enemies, The Proposal and The Hangover...

Author: /time Magazine | Title: Box-Office Weekend: Brüno a One-Day Wonder? | 7/13/2009 | See Source »

Feeling protected - surrounding an enterprise with the law and security to allow it to prosper - is essential to business and development, no matter where you are. But it has been Africa's pre-eminent blight in the half-century since colonialism that many of its rulers offered nothing of the sort. The businesses that thrived amid the war, autocracy and corruption of postindependence Africa were of a depressing sort: emergency aid, arms-dealing, disaster journalism and security-ringed extractive industries for whom development was too often someone else's problem. There were exceptions, countries like Botswana and Mauritius and businessmen...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...government, is the single payer in their system, but if the rest of us were to get exactly the same coverage, it would be--gasp!--Socialized Medicine. I have to assume these gentlemen have no idea what it would cost to replace their coverage, given their ages and pre-existing conditions, in the free market they admire so much. David Kelly, TUCSON, ARIZ...

Author: /time Magazine | Title: Inbox | 7/13/2009 | See Source »

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