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  • Russia's Auto Wreck

    Owen Matthews | Nov 6, 2009 06:00 AM
    Two years ago, Russia was one of the ­fastest-­growing auto markets in the world--but few Western carmakers were willing to risk a partnership there. Then, in 2007, Renault purchased a 25 percent stake in AvtoVaz, whose Lada brand was famous for... More
  • Karzai's Runoff Concession Damages His Credibility

    Newsweek | Nov 5, 2009 06:13 AM
    By Sami Yousafzai and Ron Moreau Hamid Karzai probably would have won Afghanistan's Aug. 20 presidential election even without the widespread fraud that led a U.N.-backed electoral watchdog to throw out a third of his votes. And he will almost certainly... More
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  • Leading Indicator: Finland, The World's Most Prosperous Nation

    Newsweek | Nov 4, 2009 12:00 PM

    Ashley Cooper, Corbis
    Source: Legatum Institute
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  • ICBMs Without Nukes: USA's Best New Weapon?

    Newsweek | Nov 4, 2009 06:10 AM

    By Benjamin Sutherland

    How might the United States ratchet up pressure on foreign enemies and threats, wherever they are on the globe, while reducing the need to station warships, planes, and troops within striking distance? A new type of weapon might do the trick--and even facilitate President Barack Obama's efforts to reduce the U.S. arsenal of nuclear warheads, which are of limited use against terrorists anyway.
     
    THE IDEA: The Department of Defense is designing nonnuclear intercontinental ballistic missiles, which could be operational in less than two years. Packed with conventional explosives, they would be able to strike pretty much anywhere on the planet within one hour. ICBMs travel above the atmosphere, so they avoid most radar systems and the airspace of countries en route. For this capability, the U.S. is "willing to pay a great deal," says Mark Lewis, the Air Force's top technology official until his retirement this year.

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  • Canada's Quiet Economic Strength

    Daniel Gross | Nov 3, 2009 12:06 PM
    In the past year, distance from the U.S. has proved a great insulator from economic pain. China and Australia, literally on the other side of the globe, are humming along, while Mexico is suffering from a decline in U.S. imports. But our NAFTA neighbor to the north, Canada, has emerged from the morass in better shape than any developed economy. Since its brief recession ended this summer, Canada has been creating jobs (31,000 in September). The Canadian dollar--the loonie--is soaring against our dollar. "There is a buzz in Canada right now, which is as far apart as you could ever be from what's happening south of the border," said David Rosenberg, chief economist of Toronto-based asset manager Gluskin Sheff.  More
  • Italy Scores Poorly On World Gender Gap Report

    Katie Baker | Nov 3, 2009 06:02 AM
    Thanks to the antics of Prime Minister Silvio Berlusconi--his excursions with escorts, his insistence that beauty queens be included in his Parliament, his description of his country as a land of "beautiful secretaries"--Italy's getting slammed often these days for its culture of chauvinism. Now, the World Economic Forum's annual Gender Gap Report gives heft to those accusations. This year, Italy places a dismal number 79 (out of 134 ) on the ranking of nations by gender equality, falling five places from 2008. By contrast, the rest of Europe scored well: Scandinavian countries took the first four spots again this year, and eight other European nations placed in the top 20. Even Kazakhstan and Uzbekistan bested Italy, by 32 and 21 places, respectively. More
  • Despite Pay Caps, Executives Still Making Millions

    Newsweek | Nov 2, 2009 12:00 PM
  • Foreign Oil May Be Next Target of Iraq's Violence

    Katie Baker | Nov 2, 2009 06:00 AM
    Bombings in Baghdad last week--the latest in a spate of deadly attacks around the country--spell trouble for Iraq's tenuous peace. For now, the resurgent violence has been aimed mainly at government ministries. But some worry that the next target could... More