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...early November, four of the five factories abruptly informed their workers that they were switching to a three-day week. Then the layoffs started. The cast-iron foundry, which pays the best wages, cut 80 of its 1,200 workers, and managers announced that they might have to fire up to 600 more. The cable factory - which just this year started up a new production line - laid off 40 people, and cut pay for those who remained by 15%. At least they're being paid: the machinery factory nearby is two months in arrears. "People woke...

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

...hazardous. On Nov. 6, the Moscow business newspaper Vedomosti carried an opinion piece by the Academy of Sciences' Gontmakher titled NOVOCHERKASSK - 2009. The headline was a reference to spontaneous strikes by workers in a Russian town in 1962 that ended in bloodshed when troops were called in and opened fire: at least 20 people were killed and three dozen wounded. In his article, Gontmakher drew some parallels between the social tensions back then and the deteriorating economy today. Within days, the newspaper received an official warning from the Kremlin's media watchdog: Run any more such pieces, Vedomosti was told...

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

...Senate-seat scheme is only one of the allegations lodged against the two-term governor, whose administration has been under investigation for alleged "pay to play" patronage practices for years. The complaint claims that Blagojevich tried to extort the owners of the Tribune Company to fire editors at the Chicago Tribune and withhold $8 million of state funds for a children's hospital in hopes of extracting a $50,000 campaign contribution from one of its executives. Blagojevich, who came into office in 2002 with promises to clean up the state's culture of graft, made no comment Tuesday during...

Author: /time Magazine | Title: Can Obama Escape the Taint of Blagojevich? | 12/10/2008 | See Source »

...recommendation is fire all those f-----g people, get 'em the f--- out of there and get us some editorial support." - During a Nov. 4 phone call, in which Blagojevich instructed chief of staff Harris to urge the Chicago Tribune's owners to fire select members of the paper's editorial board...

Author: /time Magazine | Title: Rod Blagojevich | 12/10/2008 | See Source »

...kind of country where people would like to invest." And the Mumbai massacre has provoked millions of Indians to demand that the government do a better job of protecting them. So, even if political leaders are inclined to drag their feet, those feet will be held to the fire of mounting public anger...

Author: /time Magazine | Title: Botched Mumbai Arrest Highlights India's Intel Failures | 12/10/2008 | See Source »

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