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...biggest job is the city's biggest township. Soweto is an acronym for South Western Townships, the banal moniker apartheid-era leaders bestowed on the dormitory city they created for blacks on the edge of town. The apartheid government decided blacks had no need for not only freedom, fair wages and a decent education but also roads, trees and houses. Soweto was a place of tin shacks and red dirt. As part of the effort to redress this legacy of inequality, the mayor has repaved Soweto's main roads, and Williamson invented his extreme park missions...

Author: /time Magazine | Title: Joburg Gets It Together | 6/29/2009 | See Source »

...When one practical member suggested “The Harvard Union of Clerical and Technical Workers,” most members took offense at the resulting unwieldy acronym: “HUCTW.” But a 24-year-old named Bill Jaeger stepped forward to express support for the “awkward but accurate” approach—and others took notice...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Amid Crisis, Workers Defy Union Image | 6/3/2009 | See Source »

...lesson, and perhaps the most pertinent, is that spending so much money in such a short time is bound to be wasteful. "Every village wanted to have the same dog kennel," jokes Klaus F. Zimmermann, president of the Berlin-based German Institute for Economic Research (known by its German acronym, DIW). East Germany today has a number of promising industries and state-of-the-art roads and railways, but it also has superfluous airports, oversized water-treatment plants and a collection of heavily subsidized industrial white elephants, all built at the taxpayers' expense. "Floodlit sheep meadows," grumbles Reiner Holznagel, managing...

Author: /time Magazine | Title: What Germany Got for Its $2 Trillion | 5/18/2009 | See Source »

...Protesters were not supposed to be on the menu - yet there they were. A small but vocal group of conservative Republicans showed up flashing signs like "RINOs Go Home," using the derogatory acronym for "Republicans in Name Only." (Read "GOP Senator Specter's Party Switch Gives Obama a 100-Day Gift...

Author: /time Magazine | Title: The GOP Plans a Rebirth, with Pepperoni and Protests | 5/4/2009 | See Source »

...That's not how many older Americans think of Fiat, the chronically unreliable cars of Boomers' college years. Though Fiat is an acronym for Fabrica Italiana Automobili Torino (Italian Car Factory of Turin), many older Americans joke that it really stands for Fix It Again Tony. Plagued by chronic breakdowns, Fiat left the American market in 1983 with it's reputation badly tarnished. But Fiat underwent its own transformation after Sergio Marchionne became CEO of the automaker in 2004 and ushered in new talent and technology. Though facing its own financial troubles, the Italian automaker has since been impressing consumers...

Author: /time Magazine | Title: Can Americans Learn to Love Fiat? Chrysler Hopes So | 5/1/2009 | See Source »

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