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...paper profits of Greenwich’s risk arbitrageurs. Here is the stuff that would be instantly recognizable to the industrialists who built America: the hustle of men advancing fast and the delight of knowing for sure that the world is getting better, quicker. As the savings-investment cycles reach their fever pitch in South and East Asia, these societies will undoubtedly spend their trillions of reserves on infrastructure, unlocking once and for all the mass of human capital...

Author: By Kiran R. Pendri | Title: Futurology 2 | 3/8/2009 | See Source »

...leave the shore without permission, it would have been easy for the men to leave in a boat already registered with the harbormaster. There are at least 150 launches a day at the Karachi port, says Abbas Ali, who runs a launch business. "Once mariners reach the deep sea, they can do anything, smuggling, drugs, whatever. There are not enough people to check all the boats." From the launch, the team boarded another boat and then a ship named Al-Husseini, which is thought by Pakistani investigators to be registered in the name of an Islamist group associated with...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...Qasab's partner, placed a call to his handler in Pakistan, the dossier from India states. Khan was directed to kill Solanki. Qasab and the rest of the group abandoned the Kuber and boarded an inflatable dinghy with an outboard motor. It took them only an hour to reach shore, and the murdered captain's body was discovered much later, after the attacks had begun...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...global economic meltdown is flattening Russia. In the first week of February alone, some 72,000 jobs vanished, according to Deputy Prime Minister Alexander Zhukov. Some government agencies predict that the number of unemployed may reach 2.8 million by the end of this year, up from 1.5 million at the end of 2008. The ruble has lost a third of its value since last September. Two weeks ago, Deputy Economic Development Minister Andrei Klepach predicted a 2.2% contraction in the economy this year, the first official admission that Russia was facing a recession. (See pictures of Russia's rich aristocracy...

Author: /time Magazine | Title: Is the Worst of the Economic Crisis Over For Russia? | 3/7/2009 | See Source »

That underworld is a place where nefarious female pimps hold sway and where impoverished mothers sell their teenage daughters into a sex market that believes females who reach the age of 20 are too old to fetch a good price. The youngest victims, some ages 11 and 12, are sold for as much as $30,000, while others can go for as little as $2,000. "The buying and selling of girls in Iraq, it's like the trade in cattle," Hinda says. "I've seen mothers haggle with agents over the price of their daughters." (See pictures of Iraq...

Author: /time Magazine | Title: Iraq's Unspeakable Crime: Mothers Pimping Daughters | 3/7/2009 | See Source »

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