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...announced a massive deal with a group called the China Investment Fund (CIF), which promised to fund $7 to $9 billion worth of infrastructure projects in Guinea in exchange for bauxite and iron mining concessions. (Guinea has some of the world's largest bauxite deposits.) Idrissa Cherif, Camara's spokesman, says the first batch of Chinese money has now arrived and will be spent on "electricity, water, roads and the like." (See life on the Streets of Guinea-Bissau...

Author: /time Magazine | Title: In Guinea, Hopelessness After the Massacre | 11/28/2009 | See Source »

...filed charges in court, and trials are likely to begin soon. Raju's lawyer, S. Bharat Kumar, was not available for comment. A spokesman for Satyam, which was purchased by the software arm of Mumbai-based auto conglomerate Mahindra & Mahindra earlier this year, declined comment, saying we haven't seen the charge sheet...

Author: /time Magazine | Title: Satyam Computer Fraud Grows to $2.5 Billion | 11/27/2009 | See Source »

...transgender prostitutes. In 2005, Lapo Elkann, the grandson of the former head of the Fiat auto dynasty Gianni Agnelli, was rushed to the hospital when he overdosed on cocaine at the Turin apartment of a transsexual prostitute. (He survived.) Two years later, photographs surfaced of Silvio Sircana, chief spokesman for then-Prime Minister Romano Prodi, having a conversation with what appeared to be a transvestite prostitute on the outskirts of Rome. Sircana insisted he was not soliciting the prostitute...

Author: /time Magazine | Title: In Italy, A Sex Scandal to Rival Berlusconi's | 11/26/2009 | See Source »

...grants...have been spent solely for purposes in furtherance of Harvard’s academic mission” said Harvard spokesman Kevin Galvin...

Author: By Amira Abulafi, CONTRIBUTING WRITER | Title: Harvard Donor Accused of Illegally Funding Iran | 11/25/2009 | See Source »

...decision to expand dismayed the Obama Administration. White House spokesman Robert Gibbs said, "At a time when we are working to relaunch negotiations [between Israelis and Palestinians], these actions make it more difficult for our efforts to succeed. Neither party should engage in efforts or take actions that could unilaterally pre-empt, or appear to pre-empt, negotiations." The Palestinians and the United States say the status of Wallajeh and the rest of East Jerusalem should be held open pending negotiations on a final peace deal...

Author: /time Magazine | Title: In His Cave, a Palestinian Farmer Makes a Stand | 11/25/2009 | See Source »

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