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...China if Yudhoyono presses reforms further. The most damaging, and most politically sensitive, issue dampening investment is the nation's oppressive labor law. Passed in 2003, it requires companies to get government approval to lay off staff and mandates heavy severance payments. The stipulations were a misguided attempt to protect local workers that instead has made Indonesia uncompetitive in the kinds of labor-intensive industries - like textiles and footwear manufacturing - that could help reduce the country's lofty unemployment rate, currently at about 8.5%. Political analysts complain that Yudhoyono doesn't exhibit the necessary decisiveness on economic matters - and with...

Author: /time Magazine | Title: What's Holding Indonesia Back? | 9/11/2008 | See Source »

...meandering speech on the danger of devils and the love of Christ and of Sandino, while sitting in front of psychedelic painting of an eyeball in the center of a hand surrounded by snakes - a colorful mural painted by Murillo behind Ortega's chair in Sandinista headquarters, to protect him from evil...

Author: /time Magazine | Title: Rewriting the Book of Daniel | 9/10/2008 | See Source »

...could call it an election gift for Pakistan's new President. Or a threat. Just a day before Asif Ali Zardari, during his inauguration ceremony, swore to protect his country's sovereignty, a U.S. Predator drone launched five missiles at a suspected militant compound near the border with Afghanistan. The compound belonged to Jalaluddin Haqqani, one of the most notorious Afghan Taliban commanders based in Pakistan and a Soviet-era ally of the CIA. The Predator strike missed Haqqani, but it did kill four midlevel al-Qaeda operatives, government and militant sources told the Associated Press. It also killed...

Author: /time Magazine | Title: US Stepping Up Operations in Pakistan | 9/10/2008 | See Source »

...That lesson was taken to heart by the extraordinarily skillful foreign-policy team around President George H.W. Bush, which was convinced that it was dangerous to rub Moscow's nose in its own failure. As Western policy shifted in the Clinton years toward doing more to protect those who had suffered Soviet domination, there was no shortage of those who argued that Washington was playing with fire. I remember those debates very well. They were vigorous and impassioned. For all those who warned that it was unwise to poke the Russian bear in the eye, there were those (myself included...

Author: /time Magazine | Title: The Cost of NATO's Good Intentions | 9/4/2008 | See Source »

...complacency. And a preliminary Corps analysis suggests that building the levee to real 100-year standards could cost $10.7 billion, a 1,200% increase. Before Gustav, Jindal had convened a science panel to review Morganza-to-the-Gulf, and momentum has been building for an alternative alignment that would protect Houma without cutting off wetlands. "We're still vulnerable, no question about it," says John Lopez, who designed the alternative plan for the Lake Pontchartrain Basin Foundation. "We just have to stop making ourselves more vulnerable...

Author: /time Magazine | Title: Gustav's Lessons for New Orleans | 9/4/2008 | See Source »

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