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...rise about 7.5% this year, Neil Shearing, an economist at Capital Economics in London, warns that unless Russian authorities get a grip on this heady growth and "take some of the steam out of the economy, we could have a fairly nasty correction over the medium term." Meanwhile, a report published by the Organization for Economic Cooperation and Development in July warned that Moscow must do much more to end domestic production bottlenecks and boost sectors not related to energy if it wants to avoid serious consequences from any big fall in oil and gas prices...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...Documents obtained by TIME show that the Department of Community Development in W.A. was so concerned about the case that it sought a report on it in the mid-1990s. TIME has also been told that after the traumatic experience nobody in the state, including the government adoption unit, would deal with MSS. W.A. Child Protection director general Terry Murphy says he is unable to comment on the case until archived files are recovered, but notes: "We are aware that MSS are not currently licensed by the Central Authority in India to undertake inter-country adoptions." Elsewhere in Australia...

Author: /time Magazine | Title: Stolen Children | 8/21/2008 | See Source »

...director Ravindranath died in 2006, but his wife Vatsala, who was the organization's president, last week denied all charges, saying MSS had no idea the children were stolen. "I'm not handling the surrender. I don't remember it," says the grandmother, who must report daily to police in Chennai as part of her bail conditions. "I trusted [my staff] because I asked them, If there is anything, please tell me. They are promising on the heads of their children...

Author: /time Magazine | Title: Stolen Children | 8/21/2008 | See Source »

...leave Beijing or barred from coming to the capital for the Games. When the Games were awarded to China in 2001, the International Olympic Committee and some Chinese officials argued that they would act as a force for openness. But both Amnesty International and Human Rights Watch have published reports in the weeks leading up to the Games arguing persuasively that they've had the opposite effect. The forcible suppression of dissent and the jailing of activists has worsened significantly, they and other groups report, particularly in the months before the Aug. 8th opening ceremony...

Author: /time Magazine | Title: Will Beijing Relax After the Games? | 8/20/2008 | See Source »

...Ursetta and other union leaders say they don't want to dismantle ProComp; they just want to hold off making the changes until they can be studied more. The first definitive report on ProComp's impact on student achievement won't be completed until late 2009, though early results are promising. One pilot study found that students whose teachers enrolled in the program performed slightly better on standardized tests compared with students with non-ProComp teachers. Denver also saw statewide assessment scores improve substantially this past school year, with the district now outperforming state gains in all grade levels...

Author: /time Magazine | Title: A Merit-Pay Standoff in Denver | 8/19/2008 | See Source »

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