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...from the $600 billion it had amassed thanks to the soaring energy prices of the past few years. Its biggest banks, all of them state-controlled, appear to have largely avoided the toxic assets that have been the downfall of so many of their counterparts in the U.S. and Western Europe. Yet Russia has been caught unawares by the domino effect of the financial crisis because of its unhealthy overdependence on oil, gas and metals, which account for more than three-quarters of export earnings. The collapse in energy and commodity prices since this summer is exposing Russia's fragility...

Author: /time Magazine | Title: Russia's Big Chill | 12/11/2008 | See Source »

...concrete. Not the cheap, gray, easily cracked soulless stuff that gave urbanization a bad name when it was slathered over Western cities in the 1960s, but newfangled, bright--and still relatively expensive--concrete that has come on to the market this decade. High-performance concrete (or ultra-high-performance, as it's known in the industry) is up to 10 times as strong as regular concrete. It costs several times as much as standard concrete, yet industry experts say price comparisons are misleading because the high-tech versions have properties that make them more comparable to materials such as stainless...

Author: /time Magazine | Title: Cementing the Future | 12/11/2008 | See Source »

...helped carry out protests against Zimbabwe’s worsening economic and health crises. The death toll is edging toward a thousand people, and tens of thousands more have fallen ill. Zimbabwe has declared the events a national emergency. Fortunately, the Zimbabwean government has been open to aid from Western organizations. The World Health Organization (WHO), which has maintained a team in the region for several years, has been allowed to step up its efforts in light of the crisis. We are glad that this immediate aid from the WHO is being delivered to Zimbabweans. However, regardless of what...

Author: By The Crimson Staff | Title: A Diseased Regime | 12/11/2008 | See Source »

...She’s the kind of person you can disagree with, but you’ll continue to want to work with her,” said sociology professor Bruce Western, who served on a departmental search committee that Lamont chaired...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Lamont Appointed Diversity Dean | 12/11/2008 | See Source »

...Western media’s focus on piracy off the Somali coast in the last few months has been light in tone since piracy ceased to be a serious problem in the Atlantic centuries ago. In the popular imagination, “pirates” remind us of either illegal copies of movies made in some lost developing country or the extremely successful Disney franchise Pirates of the Caribbean. Some gravity, however, is called for: This year alone, pirates with land bases in Somalia have attacked over 100 ships off the coast of Africa. Most notably, they have held...

Author: By Pierpaolo Barbieri | Title: Pirates of the Aden Gulf | 12/11/2008 | See Source »

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