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There's nothing flashy about Lyudinovo (pop. 47,000), whose name translates roughly as People's Town. The central square is a traffic island with a Soviet T-34 tank on a pedestal, a World War II memorial. Next to it is a farmers' market, where local babushkas with woolly hats and dodgy teeth sell homegrown carrots and potatoes for 10¢ a kilo. But look closer and it's clear that even Lyudinovo isn't frozen in time. An emporium that opened a year ago sells South Korean refrigerators, French yogurt and fake Italian pumps. Several houses are being built...

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

...reward "senior management" - a complement of no fixed definition - with restricted stock, but it can only be cashed in after the government is paid back. There are also prohibitions against golden parachutes as well as a clawback provision - the company may reclaim that stock if its results subsequently tank - that can extend to as many as 25 top executives...

Author: /time Magazine | Title: Can Obama's Executive-Pay Limits Tame Wall Street? | 2/4/2009 | See Source »

...rumors continue to circulate about the health of their Dear Leader, who foreign intelligence agencies believe had a stroke last summer. Like his father before him, Kim Jong Il rules on the strength of "symbolic capability," says Song Dae-sung, president of the Sejong Institute, a South Korean think tank. "North Korea idolizes a single leader. Kim Jong Il's bad health and leaflets being sent by anti-North Korea NGOs in the South to the North Korean people are undermining the solidity of the ruling system." Song says heightened tension between the two Koreas helps to strengthen "the internal...

Author: /time Magazine | Title: North Korea to Obama: We're Trouble Too | 2/3/2009 | See Source »

...underneath...Four hours later Cullen heard Brown shout: "Wake up, Mr Cullen. I think she's coming in!" In the dim predawn light Cullen rose to see oil and gas spewing so violently from their hole that the four-inch flow line, which connected the well to a storage tank, had come loose and was wildly slashing the air. Cullen dashed to the storage tank, leaped atop it, and held the thrashing line until his crew could tie it down...

Author: /time Magazine | Title: The Big Rich | 2/2/2009 | See Source »

...those who adhere to a more hawkish role in the world for the U.S. "The only thing that might stand in the way of Steele is that he's not conservative enough," says David Bositis, an analyst at the Joint Center for Political and Economic Studies, a Washington think tank that studies black issues...

Author: /time Magazine | Title: Steele Makes History, but Can the New Party Chief Remake the GOP? | 1/31/2009 | See Source »

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