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Since Peru's exports may bring in only $3 billion this year, 10% of that total would cover less than one-third of the $ 1.1 billion in interest that the country owes for 1985. But at a time of extreme economic hardship and social unrest in Peru, García declared, the demands of foreign creditors would have to come second to the needs of his countrymen. Said he: "Let the peoples of the world hear me. President Alan García knows that Peru has a great and first creditor: its own people...

Author: /time Magazine | Title: Defiant Debtor | 4/18/2005 | See Source »

...many as one out of every 20 people is infected (though not necessarily ill) in Africa's "AIDS belt," which also includes parts of Kenya, Uganda and Tanzania. Some researchers see this as "a foretaste" of what will occur in the U.S., but many disagree. They point to Third World conditions that may promote the disease. Among them: the presence of feces in drinking water, the use and reuse of unsterilized needles in many small clinics and, possibly, even local rituals that involve scarification and the exchange of blood...

Author: /time Magazine | Title: AIDS: A Growing Threat | 4/18/2005 | See Source »

When rising Third World incomes meet the shrinking cost of technology, multinationals are betting that markets will bloom. In October Silicon Valley's Advanced Micro Devices introduced a $185 Personal Internet Communicator--a basic computer--for developing countries, while Taiwan-based VIA Technologies plans to launch a similar device costing just $100. Motorola last month unveiled a no-frills cell phone priced at $40; the cell-phone manufacturer says it expects to sell 6 million cell phones in six months in markets including China, India and Turkey. "You've got nearly 2 billion people who will be buying a phone...

Author: /time Magazine | Title: Marketing: Selling to The Poor | 4/17/2005 | See Source »

...really!), in the third. Assessment of the drubbing? Well, by my lights, it wasn't much of a game, and I say that even while realizing that by Yankee lights a 9-2 blowout is a terrific way to open a season. But let's face it, the Sox played an April game. Wells looked like a 90-year-old fat guy with no evident desire to be pitching on a cold, raw night. Everyone in the lineup seemed to hit into a double-play or two. There was precious little spark in the World Champs, I felt...

Author: /time Magazine | Title: 'Our Red Sox,' Still? | 4/16/2005 | See Source »

Fantasy, birth, and appellation are three themes that Budnitz explores thoroughly in this 12-story collection. The first story, entitled “Where We Come From,†features Precious, an impoverished woman in an anonymous third-world nation. (The odd name was chosen by Precious’s mother as a consistent and much-needed reminder that her love for her sons extended to her daughter.) Precious carries a child for three toil-filled years through many attempts to cross the border into the States, in order to produce the “nice big American baby?...

Author: By Christopher A. Kukstis, CRIMSON STAFF WRITER | Title: Salute This Alum's Shorts | 4/15/2005 | See Source »

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