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...Governments across the region also shut down financial institutions deemed too weak to survive or warrant a government bailout. In August 1997 Thailand closed 42 finance companies. Indonesia closed 16 banks in October 1997, and Korea closed 14 merchant banks that December, according to Merrill Lynch. This separating the wheat from the chaff helped to speed economic recovery because it made clear which institutions were solid and could be trusted...

Author: /time Magazine | Title: Lessons From Asia's Last Meltdown: Act Fast | 10/10/2008 | See Source »

...that launched Tancredo have become an essential voting bloc. More than 100 different languages are now spoken in Aurora public schools, and the area boasts two Russian-language newspapers as well as half a dozen African grocery stores. "The county changed," explains Ritter, who grew up on a small wheat farm near Aurora. "Working-class families moved in and became the anchor to Arapahoe...

Author: /time Magazine | Title: Can Obama Turn Colorado Blue? | 10/2/2008 | See Source »

...nutritional value of a foodstuff, melamine shows up as a protein - so manufacturers can use the compound to make their products appear more nutritious. Melamine is not toxic, but inside the body it can cause kidney stones and renal failure. In 2007, material containing melamine - but labeled as wheat gluten and rice protein - was shipped from Chinese manufacturers to pet food companies in the U.S. and elsewhere. After a Canadian pet food company announced it was voluntarily recalling food that was sickening pets, the U.S. Food and Drug Administration fielded thousands of similar complaints across the U.S. Soon after...

Author: /time Magazine | Title: Melamine | 9/17/2008 | See Source »

...prevent fraud, IRD avoids paying cash up front for products and services. It also requires its for-profit partners to reinvest any proceeds derived from IRD wheat. Instead, the millers who process the wheat are reimbursed with a portion of the flour they make to sell at market rate. Factories get the flour free of cost but are required to reinvest their proceeds into new production. IRD collects 66% of the profits, which it then uses for other programs in the country, including a water-treatment facility, snacks for school children and health services. IRD keeps 10% of all funding...

Author: /time Magazine | Title: Teaching Them to Fish | 9/11/2008 | See Source »

...also produced hundreds of jobs in a country with 9.1% unemployment. "It was difficult to provide for my family before I took this job," says a TPS worker named Suparti, who uses only one name and has been working there for more than a decade. Although rising wheat prices have forced the company to increase prices 30% and the USDA's free-wheat program has shifted to nations with more pressing food shortages, for now TPS is back on solid financial ground...

Author: /time Magazine | Title: Teaching Them to Fish | 9/11/2008 | See Source »

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