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...extreme cases, though, urging change isn't enough to satisfy the fund's ethical guidelines. Since 2002, Norway's Ministry of Finance has stepped in and asked the fund to dump 27 holdings in which it had invested a total of over $2 billion. The vast majority got the boot for their role in producing weapons that the fund views as particularly inhumane; in 2005, for instance, it sold off stakes in Britain's BAE and Boeing for their part in the manufacture of nuclear weapons. The remaining firms put the fund at risk of contributing to serious breaches...

Author: /time Magazine | Title: Caring Capitalists | 6/11/2008 | See Source »

...dams - the other is Tibet's Yaluzangbu - and environmentalists want to keep it that way. But China is hungry for energy, and with the country choking on its addiction to highly polluting coal, Beijing has mandated that more power should come from renewable sources. The fast-flowing Nu offers vast potential for hydropower. The local government sees dams as a way to boost tax revenue and raise the incomes of the local people, who earn less than half of the national average...

Author: /time Magazine | Title: Damming China's River Wild | 6/10/2008 | See Source »

...China?s 56 recognized minority groups live in the area. Many, like the farmer Yu Guifu, are Lisu, a Tibetan-Burmese group with a high percentage of Christians owing to the early 20th century work of British missionary James Fraser. In Nu prefecture the Han people, who are a vast majority nationwide, make up less than 10% of the population...

Author: /time Magazine | Title: Damming China's River Wild | 6/10/2008 | See Source »

...reason may well be that Chavez "realizes his long-term political survival is at stake," says Larry Birns, head of the Washington, D.C.-based Council on Hemispheric Affairs. "Right now, being a radical is not where the votes are" in a country that, despite its vast oil wealth, is wrestling with high inflation and even higher rates of violent crime. Chavez suffered a rare but stinging defeat last year in a referendum on constitutional amendments that would have broadened his socialist agenda and eliminated presidential term limits. Now, he appears determined to prevent his once feckless opposition from dealing...

Author: /time Magazine | Title: A Kinder, Gentler Hugo Chávez? | 6/9/2008 | See Source »

...Philippine government has pledged to improve its human-rights record. Yet most of these abduction cases linger in limbo, stymied by the military's recalcitrance or police ineptitude. A March report by the U.S. State Department noted that "judicial inaction on the vast majority of disappearances contributed to a climate of impunity and undermined public confidence in the justice system." During a highly publicized six-month inquiry by the Philippines Court of Appeals, witnesses and military personnel offered tantalizing glimpses into the shadowy circumstances surrounding the brazen daylight abduction of Jonas Burgos. Yet when the proceeding concluded last week, Edita...

Author: /time Magazine | Title: The Philippines' Disappearing Dissidents | 6/9/2008 | See Source »

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