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...grumbling mothers with places like Rusfinance, a Moscow call center that transports you from the gritty streets and auto-parts stores outside into a world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people - mainly women in their 20s - sit side by side in booths and field calls from Russians wanting to borrow money. Most of the time the answer they give is a resounding yes. Owned by the French bank Société Générale, Rusfinance is aiming to build a massive presence in Russia. Back...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

With neither side inclined to give any ground, U.S. officials are concerned that renewed tensions over Kashmir could have consequences across the region. The most pressing fear is that Pakistan, worried about Indian retaliation for Mumbai, will send more troops to shore up its eastern border, taking away vital resources from the fight against the Taliban, al-Qaeda and other extremist groups along its border with Afghanistan. That would enable these groups to step up their operations against U.S. and NATO troops in Afghanistan. It's a prospect that troubles not just the Bush Administration but also its successor. President...

Author: /time Magazine | Title: Can India and Pakistan Lower Tensions Over Kashmir? | 12/11/2008 | See Source »

Most Kashmiris on the Indian side of the divide have experienced enough violence to reject it as a tactic in the freedom struggle. Local militancy is on the wane; the official annual death toll from violence slipped from 5,000 in 1996 to 1,000 in 2007 and 600 so far this year, according to Ashok Bhan, director of police intelligence for Kashmir. Thanks in part to draconian security measures, turnout in this winter's local elections has exceeded 60% in some districts. That's a far cry from the single digits reported during the height of the insurgency, when...

Author: /time Magazine | Title: Can India and Pakistan Lower Tensions Over Kashmir? | 12/11/2008 | See Source »

...price down; we start using more; pretty soon it's shooting up again. This time, though, it does feel different. It seems as if Americans have made a real and fundamental commitment to consuming less energy. That is not so much out of idealism as it is the good side, for a change, of our short attention span. When the price of gasoline shot past $4 per gal., it was both shocking and reassuring. Economists had long wondered what price it would take to get our attention. This, at last, was it. Yet $4 gas turned...

Author: /time Magazine | Title: Black Gold: It's Time to Raise the Gas Tax | 12/11/2008 | See Source »

...Closing Down The Dark Side," Mark Kukis says there is a problem with how the suspected detainees at a shutdown Guantánamo would be prosecuted if brought to the U.S. [Dec. 8]. If this were done, he says, "avowed terrorists" might walk away "on a technicality." In light of recent Supreme Court decisions making the writ of habeas corpus available to Guantánamo detainees, this is precisely how those detainees are to be tried, regardless of venue. To downsize a constitutional right into a technicality in the field of American jurisprudence is equivalent to considering gravity a technicality...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

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