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...same speech, Obama continued his criticism of Russia for its invasion of Georgia last August, with an allusion that was difficult to miss, though again it was carefully worded. "There is a 19th century view that we are destined to vie for spheres of influence, and that great powers must forge competing blocs to balance one another," Obama said. "These assumptions are wrong." (See pictures of Russia's war with Georgia...

Author: /time Magazine | Title: Obama Treads Lightly on Democracy in Russia | 7/7/2009 | See Source »

...Alexei Polikarpov, head of the Dyuna Nesting Doll Co., also based in the Nizhny Novgorod region, shares Korotkov's dim view of the government plan. "Realistically, I'm not sure that the funds will reach all of the factories," he says. But even if they do, not all of the country's handicrafts are produced in the small factories that dot rural Russia. In Sergiyev Posad, the historic home of the nesting doll, many people still paint dolls in their living rooms and kitchens. While the government says it aims to save a traditional Russian art form, the artisans...

Author: /time Magazine | Title: Trying Times for Russia's Nesting Dolls | 7/5/2009 | See Source »

That's the view of Goldman Sachs delivered by an article in the current issue of Rolling Stone. The rock mag's The Great American Bubble Machine by Matt Taibbi says that the investment bank is responsible for creating, and in many cases popping, every great bubble of nearly the past 100 years in order to profit from them at our expense - and the article uses plenty of illustrations of pigs to drive home what it thinks of Goldman. Taibbi calls the U.S. a "gangster state, running on gangster economics." He says we have an economy where "some...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...David Cummings, a 50-year-old London resident whose two children are suspected of having swine flu, says he and other parents have a relaxed view of the virus, although he says no one would intentionally expose their children to the disease. "I don't know any parents seriously considering the idea of a swine flu party, but I think parents have seen how mild the illness is and are no longer anxious about their children contracting the illness," he says. Health officials may wince at such sangfroid in the face of the virus, but, says Cummings: "Parents are shrugging...

Author: /time Magazine | Title: Swine Flu in Britain: Nothing to Party About | 7/3/2009 | See Source »

...Some families of the 152 victims, 66 of them French nationals, claim their relatives died as a result of sub-standard practices the airline uses once it's beyond the view of European inspectors (Efforts to contact Yemenia officials for comment this week were unsuccessful). The modern Airbus A330 that Yemenia flies from Paris to Sanaa in Yemen, they charge, was systematically swapped for an aging A310 for the final leg to Comoros' capital Moroni. Meanwhile, Transport Minister Dominique Bussereau pointed out that the A310 that crashed Tuesday had been banned in France since 2007 after failing security checks...

Author: /time Magazine | Title: Does the E.U.'s Airline Blacklist Make Flying Safer? | 7/3/2009 | See Source »

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