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...such as Finland's Nokia and Sweden's Ikea, with their global customer networks, strengthened the region's links to the outside world. And never underestimate the dumb luck of geography: 90% of the world's trade is still transported by sea, and the Baltic is the major marine waterway of Eastern Europe. At a recent meeting of Baltic states, Swedish Foreign Minister Carl Bildt joked that the region possessed in its various countries all the components of an ideal economy - the Baltics' pro-growth policies, Finland's gift for innovation, Norway's energy resources and Sweden's wealth...

Author: /time Magazine | Title: Sea of Plenty | 5/31/2007 | See Source »

...hard to think of anything in modern times that has held Britain up to such, and such richly deserved, international contempt as the case of the 15 captured mariners in the Shatt al Arab. There was the original sin; messing about in lightly armed little boats in a waterway contested by Iran - a bit like poking a mad dog in the eye without being prepared to clobber it with a big stick if it bites. There has been the miserable, cringe-making behavior of the sailors and marines when in captivity. (As Max Hastings, distinguished military historian and journalist, said...

Author: /time Magazine | Title: Conduct Unbecoming | 4/12/2007 | See Source »

...most visible example of British commitment to adaptation is the Thames Barrier, a set of hulking but beautiful silver floodgates that stretch across the namesake waterway about 11 miles downriver from central London. When the Barrier became operational in 1983, 30 years after the massive flood that motivated its construction, planners expected that it might have to close once or twice a year to keep ocean-storm surges from inundating London. In the past decade, however, the Barrier has been closing an average of 10 times a year. "The Barrier was initially designed to offer...

Author: /time Magazine | Title: On the Front Lines Of Climate Change | 3/29/2007 | See Source »

...Iran justified its capture of the 15 Brits by claiming they had been in Iranian territorial waters - a claim hotly disputed by Britain. Although boundaries are somewhat contested in the Shatt al-Arab waterway, and British officials had initially said the Iranian action may simply have been based on a misunderstanding, the British position hardened over the weekend, with Prime Minister Tony Blair denouncing the Iranian action as "unjustified and wrong," and warning that Britain viewed it in a serious light. On Monday Iraq backed London's claim that the incident had occurred inside Iraqi waters, which Britain patrols under...

Author: /time Magazine | Title: Clues in Iran's Diplomacy | 3/26/2007 | See Source »

...supporters to public rallies. And she's running a campaign that emphasizes her ties to Hsieh's powerful legacy - her supporters carry signs that say, "Good baton, pass it on." During his six years in office Hsieh led a major cleanup of Kaohsiung's Love River, turning the polluted waterway that runs through the heart of the city into a regional attraction that even Huang acknowledges is a success...

Author: /time Magazine | Title: Welcome to Taiwan's Swing City | 12/1/2006 | See Source »

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