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...moment, the best bellwether of Western sentiment remains the stock market. Its recent nosedive reflects not just political turmoil, but also signs of an economy under stress. While GDP is expected to 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...

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

...course, long-time investors in Russia are used to living with acute risk. "The international sentiment toward Russia has never really been as good as it has been toward China and India and Brazil. There's always been this kind of residual fear over Russia," says Roland Nash, head of research at Renaissance Capital, a Moscow-based investment bank. Still, he adds, "Eventually what will drive people back into the market is the fact that there are cheap assets here." BMW, Enel, L'Oréal and all the other foreign companies continuing to crowd into Russia wouldn't disagree...

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

...security strategist argue for a major, muscular effort to beat the Taliban back and force their allies to scramble for cover. In France at least, there is likely to be popular support for political leaders to do just that. As the nation laid its fallen forces to rest, public sentiment was growing that the only way to give their deaths meaning was through victory...

Author: /time Magazine | Title: Afghanistan's Renewed Jihadi Allure | 8/21/2008 | See Source »

...coming, though I hope not soon: Woody Allen will die, and commentators will declare him one of the great American comic filmmakers - maybe not even comic; just great, period. The judicious long view, and postmortem sentiment, will allow critics to ignore or rationalize the dip in the quality of Allen's films from the mid-'90s, or whenever they once declared the fall-off began. Instead they will concentrate on the official classics, especially Annie Hall and Manhattan, and on Allen's amazingly predictable productivity: since the mid-70s he has averaged a film a year as writer-director...

Author: /time Magazine | Title: Woody Allen's Barcelona Summer of Love | 8/15/2008 | See Source »

...Anti-American sentiment is running high in both North and South Ossetia, especially among unpredictable and sometimes drunk irregulars. Asked why special restrictions seemed to apply to the movements of American journalists, a Kremlin spokesman said the Russian army could not guarantee their safety...

Author: /time Magazine | Title: Russian Army Denies Civilian Attacks | 8/15/2008 | See Source »

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