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...barrel oil, they face sharp food shortages and the region's highest inflation rate. If Chavez were to exacerbate the situation by entering a war, his political popularity - which has dropped since he lost a referendum last year in which he sought greater powers and an unlimited tenure - would plummet...

Author: /time Magazine | Title: War Drums in Latin America | 3/3/2008 | See Source »

...According to results reported thus far, the PPP has won 87 seats in the 272-seat parliament and the PML-N 66, a combined total of 153. The ruling PML-Q party, badly tainted by its association with the widely unpopular President, has seen support plummet and has won just 38. Most of Musharraf's cabinet, including his party president, speaker of the house and several other close allies, appear to have lost their reelection bids. Chaudhry Shujaat Hussain, head of the PML-Q, conceded defeat. "We accept the results with an open heart" and "will sit on opposition benches...

Author: /time Magazine | Title: Coalition Threat to Musharraf | 2/19/2008 | See Source »

...with transportation costs continuing to plummet and markets becoming freer, there are many more places for companies to set up shop, and traditional advantages such as cheap labor or a lack of tariffs mean less and less in many industries. Multinationals are increasingly opening major operations in second- and third-tier cities - GlaxoSmithKline in Posnan, Poland, Google in Belo Horizonte, Brazil - places that plenty of people have never even heard of. "Companies are adopting an all-shore strategy," says Dennis Donovan, principal of Wadley Donovan Gutshaw Consulting, which helps companies decide where to locate...

Author: /time Magazine | Title: The Changing Face of Globalization | 11/16/2007 | See Source »

...just a little while ago. In some cases, they are not willing to lend it at all. That's as true for global giants such as Citibank as it is for your local mortgage broker. Clearly, that has consequences for growth. Everyone knows the U.S. housing market continues to plummet, but the rise in interest rates that we've seen lately will crimp growth - reducing investment globally. Fewer businesses will expand, start up or open new factories - and that will pinch profits going forward, which, in turn, will crimp investments in new businesses or factories even more...

Author: /time Magazine | Title: Markets Rebound but Crisis Not Over | 8/13/2007 | See Source »

...Indeed, baiji aren't the only animal facing extinction. Wang says the finless porpoise, another large cetacean native to the river, has also seen its population plummet because of shipping and hydrological engineering. When Wang surveyed the river in the early 1990s, he found about 1,200 of the porpoises; 15 years later, there were fewer than half that number left. But Wang says it may not be too late to save the species. Galvanized in part by the baiji's disappearance, Chinese scientists are taking aggressive steps to rescue the finless porpoise, including breeding the animals in a lake...

Author: /time Magazine | Title: Farewell to the Yangtze River Dolphin | 8/10/2007 | See Source »

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