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...atrium, potted plants and sweeping views of the Rhône River - still has the air of a mid-sized company rather than a law-enforcement organization. Most of the few hundred people in the building are on first-name terms. The organization squeezes by on a budget of about $65 million a year from member countries' donations - approximately the same amount that the New York Police Department spends in an average week. Interpol's staff in Lyons joke bitterly that the organization costs little more than David Beckham's salary at the Los Angeles Galaxy soccer club...

Author: /time Magazine | Title: Interpol Finds Its Calling | 2/20/2008 | See Source »

...during the 17th century English civil war, Pym had hoped for the Foreign Secretary post after the Conservative election victory of May 1979. Instead he became Defense Secretary. In January 1981 Thatcher fired him from the job after Pym opposed her on military spending cuts to reduce the British budget deficit. Importantly, Pym had questioned the government's decision to cut back its conventional naval forces while modernizing its submarine-based nuclear deterrent...

Author: /time Magazine | Title: Face-Off on the High Seas | 2/20/2008 | See Source »

...payoff could be huge. To replace and update India's still largely Soviet-era military equipment, New Delhi says it will need to spend $45 billion over the next five years. As China ramps up its military spending, India's arms budget is likely to keep growing as well, not least because the two Asian goliaths share a disputed border and their relations remain tense. "As we look at India's commitment to modernizing its forces we see a wide range of opportunities," says Lee Whitney, Lockheed Martin's Vice President of Strategy and Marketing Communications. "[The C-130J] gets...

Author: /time Magazine | Title: Arming India: Can the US Get a Piece? | 2/20/2008 | See Source »

...everyone will profit, however. India's bureaucracy still moves slowly, and huge social and infrastructural demands on the country's budget compete with defense spending. Jerry Powlen, Vice President of Integrated Communication Systems for U.S. defense contractor Raytheon, acknowledges that sales growth in India has been "slower than anyone had hoped it would be." But he says the emerging country is crucial for future growth. India "is one of the most important markets for us as a company going forward and the United States wants to foster good relations with India," he says. "It gets better every...

Author: /time Magazine | Title: Arming India: Can the US Get a Piece? | 2/20/2008 | See Source »

...much cheaper to produce than sandwiches, student decisions should take this into account. Whether HUDS priced food at the cost of producing it or with a margin for profit, they would almost certainly save money, which would help them deal with rising food prices and ease their putative budget woes. The quality of the food, too, would almost certainly increase. Certain meals, such as pizza and tuna, are rarely served in dining halls because they are too expensive—and, ironically, too popular. HUDS faces a perverse incentive not to provide food that too many people will eat, since...

Author: By Daniel P. Robinson | Title: No Such Thing as a Free Lunch | 2/19/2008 | See Source »

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