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...then President Vladimir Putin sat down with about 30 CEOs of Western companies on the fringes of a World Economic Forum meeting in St. Petersburg in June 2007 and gave a concise rationale for why they shouldn't worry. The Kremlin, he told them, would continue to claw back control of some energy and other deals transacted in the 1990s under his predecessor, Boris Yeltsin, that Putin viewed as highly disadvantageous to Russia. But, according to two CEOs who were present but who asked not to be identified, Putin assured them that everyone else was not only safe but very...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

...York-listed stock plummeting. With memories of Yukos' fate still fresh, investors didn't stop there: Putin's comments wiped tens of billions of dollars off Russia's stock market in a matter of days. The Mechel furore came on top of an ugly, months-long scrap over control of oil company TNK-BP between BP and its Russian billionaire partners. Robert Dudley, the BP-appointed CEO, last month quit Russia, citing "sustained harassment of the company and myself." BP blames its Russian partners for orchestrating a state administrative and regulatory crackdown on the firm in recent months; the Russians...

Author: /time Magazine | Title: Risky Business in Russia | 8/21/2008 | See Source »

Reluctantly, almost insolently, on Aug. 16, Russia said it would withdraw its tanks and troops from the parts of Georgia it had overrun so swiftly just a few days before. Under the cease-fire agreement, Russian columns are expected to pull back behind preconflict lines of control. But amid reports of further incursions into Georgia, Russia is taking its own sweet time in complying. With tanks still rumbling along roads lined with ruins, the status quo in this part of the Caucasus is gone for good, crushed by the force of arms...

Author: /time Magazine | Title: The Moment: Georgia | 8/21/2008 | See Source »

...beautiful baby boys at home was the best gift I could have ever given them. They were born in comfort, with love and patience, helped into the world with the warmth of our midwives' hands. There was no rush. It was my birth, my way. I was as in control of my decisions as I was when I conceived these babies. I hope that one day women and doctors will wake up and smell the coffee. Birth is a natural process between mother and baby. Support local home-birth midwives because peace begins with birth. Amy Robillard, Honolulu...

Author: /time Magazine | Title: Inbox | 8/21/2008 | See Source »

...show why there cannot be any relaxation of standards when it comes to verifying the identity of children adopted under the inter-country program." While he says the government "is endeavoring to improve Australia-wide practice in respect to overseas adoption," Zabeen's parents would like to see firm control taken, with foreign adoptions handled by federal rather than state agencies. "It has been extremely nerve-wracking," they told TIME last week. "So far we have managed to keep this all away from the children. We won't allow pictures of them on websites. We are always wary of strangers...

Author: /time Magazine | Title: Stolen Children | 8/21/2008 | See Source »

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