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Mexico's government shuttered power company Luz y Fuerza del Centro, which serves more than a fifth of the country, over what it says were massive inefficiencies at the state-run utility. Workers in Mexico City protested on Oct. 12, arguing that officials should have negotiated with the company to address the issues and save jobs...

Author: /time Magazine | Title: The World | 10/26/2009 | See Source »

...handful of Burmese business tycoons, many of whom - like the generals themselves - are the subject of U.S. and E.U. sanctions that severely restrict overseas travel and investments. Lobbying of Than Shwe by these business cronies could explain the warm welcome accorded in August to pro-engagement Senator Jim Webb. State-run television showed a smiling Than Shwe pumping the former combat Marine's hand, while the New Light of Myanmar newspaper, a junta mouthpiece, reminded its readers that "even an influential U.S. senator opposes the economic sanctions against our country." (Read "Burma: Virginia Senator Jim Webb Visits Junta Leader...

Author: /time Magazine | Title: Getting to Know Burma's Ruling General | 10/19/2009 | See Source »

Russian police have arrested a criminal group responsible for the trafficking of counterfeit college diplomas, including those from Harvard, according to a statement released by the state-run news outlet Russian Information Agency Novosti...

Author: By Janie M. Tankard, CONTRIBUTING WRITER | Title: Russian Criminal Group Forges College Diplomas | 10/19/2009 | See Source »

...Novasti, a Russian state-run news agency, reported that a Russian criminal group was just arrested for selling forged degrees from Harvard and other colleges. The going rate for a fake Harvard diploma ($40,000) was just a little less than the the official cost of one year's tuition, room, and board ($48,868 for 2009-10, according to FAS). But Alexander Khazin, deputy chief of a Russian Interior Ministry investigative department, told RIA Novasti that “a large group of fraudsters are involved in the [diploma forgery] business, and much time is required to discover them...

Author: By Michelle L. Quach | Title: How Much is Your Harvard Degree Worth? | 10/17/2009 | See Source »

...most important thing is that Russia and China have the need and capacity to enhance cooperation and the two economies are complementary to each other," Putin told China's state-run Xinhua news service. For each side, there are clear benefits: Russia's energy companies secure a stake in China, which is set to become the world's biggest energy consumer within five years, according to the International Energy Agency in Paris. And for China, Russia provides a safer, more direct source for gas and oil than either the Persian Gulf or the Horn of Africa. Energy-rich Russia...

Author: /time Magazine | Title: Russia and China: An Old Alliance Hinges on Energy | 10/15/2009 | See Source »

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