Most inclusive rare B decays are important modes of flavor physics due to the small hadronic uncertainties. In this article, the author gives a status report on such decays, highlighting recent developments and open problems. The focus is on the decay modes B→X s,d ␥, B→X s ᐉ ϩ ᐉ Ϫ , and B→X s and on their role as laboratories in the search for new physics. The experimental data already available from CLEO and the B factories BABAR and BELLE are collected and discussed. The article then reviews the next-to-leading-log (NLL) and next-to-next-to-leading log (NNLL) QCD calculations of the inclusive decay rates that were recently completed and discusses future prospects, especially the issue of the charm-mass-scheme ambiguity. The phenomenological impact of these decay modes, in particular, on the CKM phenomenology and on the indirect search for supersymmetry, is analyzed. Direct CP violation in inclusive rare B decays is briefly treated, as are the rare kaon decays K ϩ → ϩ and K L → 0 , which offer complementary, theoretically clean information.
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