Word: rampant
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...when traveling by ocean liner in order to dodge the press. These were the men who - in the wake of WW I and the economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat Ahamed tells the story of these men - a tale with plenty to resonate with today's economic malaise. TIME's Barbara Kiviat spoke with...
...Then there is the problem of rampant corruption, which has allowed top officials to earn fortunes. Transparency International's latest corruption index places Guinea 173 out of 180 countries. Guineans have to bribe officials in order to receive water, electricity, and basic health care, the group said. With policing and the court system in a shambles, Guinea has also become a major hub for Latin American cocaine traffickers, who increasingly use West Africa as the conduit to the lucrative cocaine market in nearby Europe. When TIME visited neighboring Guinea Bissau in 2007, several Colombian cocaine traffickers were operating there...
Mexico's criminal police are a product of the financial neglect and social scorn heaped on public law enforcement by the country's élite - the same ostentatiously upper-crust families who are now rampant kidnapping targets. Either way, cops are the main reason only 2% of Mexico's criminal cases are ever solved, according to the National Commission for Human Rights. Officially, Mexico is second only to war-torn Colombia in the number of kidnappings, but many security experts believe Mexico may have overtaken the South American nation in recent years. Thousands of abductions take place each year, they...
...world's worst humanitarian disasters, Islamic terrorism and rampant human trafficking have all failed to draw the world's interest to Somalia. The return of piracy to the high seas, however, has. The Somali pirates have attacked more than 100 vessels in the waters leading to and from the Suez Canal this year, and earned tens of millions of dollars in ransom. Today they are holding 17 ships with around 300 crew members off the Somali coast. And at a weekend security conference organized by the International Institute for Strategic Studies in Bahrain, headquarters to the U.S. Navy...
iPhones at Wal-Mart? Rampant rumors that Wal-Mart is planning to sell a 4-GB version of the iPhone for a mere $99 aren't true, unfortunately. But sources close to the retailer say Wal-Mart will begin carrying the same iPhone available from AT&T, Apple and Best Buy - the cheapest of which costs $199 and has 8 GB of memory - if not by Christmas, then by the end of December...