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...prices of the past few years. Its biggest banks, all of them state-controlled, appear to have largely avoided the toxic assets that have been the downfall of so many of their counterparts in the U.S. and Western Europe. Yet the drop in energy and commodity prices since the summer is exposing Russia's fragility: gas and metals account for more than three-quarters of export earnings. The boom, it turns out, was built on expensive oil and precious little else. Economic growth, which averaged more than 7% for the past five years, has tumbled, and the government now expects...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

After leaving the Administration, Holder made millions representing corporations like Merck and MBNA. He met Obama six years ago at a Washington dinner party and later advised the then Illinois Senator's office. Obama tapped him, along with Caroline Kennedy, to head his vice-presidential search committee last summer, a process that apparently deepened the candidate's trust in Holder. When Obama called to offer the Attorney General job in late November, the issue of independence arose immediately. Obama made clear he was looking for someone to represent the rule of law, not his political interests, a point Holder stressed...

Author: /time Magazine | Title: The Prosecutor | 2/5/2009 | See Source »

...sent it to TIME.com managing editor Josh Tyrangiel and me for advice, and we thought it had the makings of a groundbreaking cover story. Walter is, of course, a former managing editor of TIME and now president and CEO of the Aspen Institute, with which we are collaborating this summer on a summit in Aspen that will explore the different ways each of us defines health. (For more information or to register, go to www.aspenhealthforum.org...

Author: /time Magazine | Title: Freedom Isn't Free | 2/5/2009 | See Source »

...whole trip is about meeting people, specifically Harvard alums,” said Maxwell A. Newman-Plotnick ’11, a VES concentrator who also traveled to Los Angeles. He said he may use the connections established on the trip to help him find an internship this summer. Today, $40 in annual dues to Harvardwood unveils myriad potential connections, but in the mid-80s—when the current generation of Hollywood executives and producers moved to Hollywood after graduation—few previous alums had established themselves in the industry. The Harvard diploma meant little more than...

Author: By Madeleine M. Schwartz, CRIMSON STAFF WRITER | Title: Welcome to the Reel World | 2/5/2009 | See Source »

...college, DuBois became an assistant pastor at a small Pentecostal church in Boston, and he helped make Obama's religious outreach the most extensive and comprehensive yet for a Democratic presidential campaign. He has also been behind some moves that have raised eyebrows, including Obama's participation in last summer's Presidential Forum at Rick Warren's Saddleback Church and, more recently, the selection of the Evangelical author and pastor to deliver the invocation at the Inauguration...

Author: /time Magazine | Title: Obama Tries to Renew Faith in a Faith-Based Office | 2/5/2009 | See Source »

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