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...opening day of the World Economic Forum on Africa, and Presidents, finance ministers, tycoons, bankers and philanthropists from 42 countries had descended on Cape Town to discuss the future of the continent. To welcome them, South Africa's President, Thabo Mbeki, was hosting a dinner at which he would talk of his nation's rich potential. The free, first-come, first-served tickets for the meal had gone fast. Unabashed, an African executive in the queue beside me tried to bribe his way in. "I'll leave the money here," he declared. "Just tell me how much...

Author: /time Magazine | Title: Where Investors Fear to Tread | 6/28/2007 | See Source »

...carefully and make their offer: I can sample some high-grade cocaine, and then buy 7 kg for about $78,000 - roughly one-quarter of what I can sell it for on the streets of London, Amsterdam or elsewhere in Europe. It has taken me - a stranger in town - just one afternoon to locate a sizable drug deal...

Author: /time Magazine | Title: Cocaine Country | 6/27/2007 | See Source »

...protected by the military, which appears to allow them free rein. They are not certain whether the soldiers are paid in return, or whether they are themselves involved in trafficking. Certainly there are signs of a fresh influx of money. In a new neighborhood on the edge of town, about 20 mansions owned by government officials are under construction, many with pools and multiple wings...

Author: /time Magazine | Title: Cocaine Country | 6/27/2007 | See Source »

...have felt the earth moving beneath your feet. Yet, some officials attending the four-way summit of Israeli and Arab leaders at the Egyptian resort town of Sharm el-Sheikh this week sensed a paradigm shift in the making. The way toward Israeli-Palestinian peace has been blocked for years, by Palestinian violence, Israeli unilateralism and American disengagement. But the peacemakers are saying they have been shaken out of their slumber by a recent series of events - for the moment at least...

Author: /time Magazine | Title: Good Vibes from the Mideast? | 6/27/2007 | See Source »

...They are fighting harder than what I have seen in the past year," Luong says of the insurgents. "When you see that, you know there's somebody new in town. And that's what we've seen - higher levels of sophistication during these attacks, more explosives being used, more complex IEDs, things like that...

Author: /time Magazine | Title: Insurgents at the Gates | 6/26/2007 | See Source »

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