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...Ground Forces Indonesia is both blessed and cursed by geology. Volcanic ash contributes to the archipelago's fecund soil. Yet eruptions periodically kill thousands. Indonesia is also rich in minerals and oil, exporting nearly half a million barrels a day. All told, the country's buried wealth accounts for almost 30% of its total exports. But the same grinding geologic processes that make this wealth possible also bedevil Indonesia with disasters like the 2004 earthquake and tsunami that killed more than 160,000 people in Sumatra. Lusi is unlike any previous disaster, however. Unfolding in implacable slow motion...

Author: /time Magazine | Title: A Wound in The Earth | 2/28/2008 | See Source »

Other measures the government has taken to alleviate the food crisis have had a limited effect. In January, Chavez announced the creation of PDVAL, an affiliate of the state oil company, PDVSA, that has been tasked with assisting in food production and distribution; it has set up various distribution centers - such as the one in the Caracas train station - around the country. The National Institute for the Defense of Users and Consumers, INDECU, has been regularly making enforcement rounds, and temporarily shut down more than 500 businesses that were guilty of selling food above the regulated prices during one week...

Author: /time Magazine | Title: Hugo Chavez Calls Out the Food Police | 2/27/2008 | See Source »

...serious as medications, which can have dangerous side effects, are marketed directly to the public, who should monitor the claims, and how? Bioethicist Katie Watson at Northwestern University notes that the blame for misleading ads such as Pfizer's doesn't always lie with one party. "We have an oil and water situation where we have our drug development and sales done on a free market model in the same way we sell cars and refrigerators," she says. "But our medical care is done on a fiduciary duty, privacy and trust model. We throw those two together...

Author: /time Magazine | Title: The Problem with Jarvik's Prescription | 2/26/2008 | See Source »

...growth to decline to around 4% as the U.S. battles a recession and demand for Korean exports eases globally. In February South Korea is expected to post its third straight monthly trade deficit - the first time that's happened in more than five years - as high oil prices and declining exports continue to bite. "The external environment helped the two previous Presidents," says Kim Kyeong Won, an economist and senior vice president of the Samsung Economic Research Institute (SERI), "but it won't be working as good for President...

Author: /time Magazine | Title: Can South Korea's President Deliver? | 2/25/2008 | See Source »

...already begun receiving shipments of desperately needed fuel oil under the February 2007 agreement - perhaps one of the reasons some of the lights did finally come on in downtown Pyongyang once the sun went down on the first day of the Philharmonic's visit - and there's more fuel on the way. Some diplomats in the region say Kim's behavior has been drearily predictable. As one describes it: "Agree to a deal, then fiddle around, backtrack - and then try to get even a better deal later: more energy assistance, more economic assistance...

Author: /time Magazine | Title: A Gershwin Offensive in North Korea | 2/25/2008 | See Source »

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