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...still 40 years behind the times," he says. But the military is doing some good, he adds, by "curbing the commission of crimes in some areas where the police presence is very minimal." According to a national intelligence report sighted by TIME, however, troops are being reshuffled from the region to quell a communist insurgency by the 10,000-strong New People's Army, which authorities now see as a greater threat than the Islamists...

Author: /time Magazine | Title: Winning A War of Stealth | 6/12/2008 | See Source »

...since January. The spike - coupled with galloping consumer price inflation in general and a slumping U.S. economy - is contributing to fears that an era of remarkable economic growth, particularly in developing countries such as India, may be drawing to a close. One ominous sign: stock markets throughout the region suffered sharp declines following a record one-day surge in oil prices of more than $10 a barrel on June 6; China's Shanghai stock market plunged 7.7% on June 10, its steepest drop in a year. While investors and economists are worried about a number of economic headwinds, rising...

Author: /time Magazine | Title: Asia Hits an Oil Slick | 6/12/2008 | See Source »

...This threat comes almost as an ambush. The region's economies had previously shown resilience in the face of a global credit crunch and troubles in the U.S. India, in particular, was supposed to weather a downturn relatively well because its economy depends largely on domestic consumption rather than massive exports as does China's. But there's nowhere to hide from higher oil prices, and several factors make the crunch particularly painful in Asia. The vast majority of countries in the region are net importers of oil. Only Malaysia and Vietnam are able to produce enough crude...

Author: /time Magazine | Title: Asia Hits an Oil Slick | 6/12/2008 | See Source »

After two years of increases in violent crime, the fbi reported a 1.4% drop nationwide in its preliminary Annual Uniform Crime Report for 2007. Violent and property crimes fell in every region of the country except the South, which saw 0.7% and 1.1% increases, respectively...

Author: /time Magazine | Title: The World | 6/12/2008 | See Source »

...pumping from the Delta, in an attempt to help endangered smelt fish. In a further measure to protect smelt, the U.S. Bureau of Reclamation announced just last week it would cut San Joaquin Valley farm water supplies to 40% of the contracted amount. Many of the farmers in the region have been allotted only one sixth of the water supply they need to sustain their crops through the crucial summer months. "This is a death sentence," says almond and wine farmer Shawn Coburn...

Author: /time Magazine | Title: Farmers vs. Fish Amid the California Drought | 6/12/2008 | See Source »

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