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...Question Lenin Asked What is not simple is Russia. That quintessentially Russian query - What is to be done? - continues to bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin's attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer's war with Georgia. And then, of course, there's the global financial crisis, which...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...barrel-chested rugby fan, Rajapaksa, 63, will need that common touch to bring Sri Lanka to a true and lasting peace between the island nation's Sinhalese majority (which is mostly Buddhist) and Tamil minority (mostly Hindu). The civil war began in earnest in July 1983, after nearly 3,000 Tamils were killed in several days of systematic anti-Tamil violence. It was the low point of what Sri Lanka's Tamils felt had been decades of official discrimination and military repression in Tamil-majority areas in the north and east. The LTTE took up arms in the name...

Author: /time Magazine | Title: Mahinda Rajapaksa: The Hard-Liner | 7/27/2009 | See Source »

...Washington Speculators Face Fresh Scrutiny Federal regulators are weighing whether to impose restrictions on energy speculators, whom some have blamed for triggering the wild fluctuations in crude-oil prices over the past year. From its peak of $145 in July 2008, the price of a barrel of crude plummeted to about $35 in January before rebounding to almost $70 this summer. Some analysts deny that futures-trading has driven the swings, noting that commodity-price volatility is a normal by-product of difficult economic times...

Author: /time Magazine | Title: The World | 7/27/2009 | See Source »

...work would be a dark comedy, performed in disguise and in party colors, with the Grim Reaper making regular entrances to rattle his bones in your face. It's a spook show too tawdry to be frightening, one that takes place in threadbare rooms and in rag-barrel costumes, but that's the point. In Ensor the dramas of existence are mostly shabby ones. In Masks Mocking Death, even death is just another lowlife, a target of scorn - though he looks as if he knows he's going to get the last laugh...

Author: /time Magazine | Title: Skull and Bones: The Haunted Art of James Ensor | 7/27/2009 | See Source »

...stark contrast to last summer, when oil prices soared past $140 per barrel, the economic slowdown has kept per-barrel prices relatively reasonable in 2009. But in his new book, $20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better, Christopher Steiner argues the dip is temporary, and says gas prices will soon climb beyond $4 per gallon to heights previously unimaginable...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

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