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...shot at a new offering, but the buzz that day was especially intense, remembers Mohamed. (He asks that his real name not be used because his company is in financial difficulty and he may leave the country.) Helicopters circled the event "as if David Beckham had arrived at the airport," he says. Inside, Mohamed put a down payment on an apartment, walked out the door, and sold the unit to a Russian man on the street for double his purchase price. The man paid cash. In just 20 minutes Mohamed had made $408,000. The lesson: "In Dubai...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...longer a resale market. "I've got no space; no one has any money; and no one's buying," says one. A government-run auction is doing a brisk business selling vehicles that have either been repossessed or been abandoned by their debt-ridden owners at the airport. Local website classified sections are filled with desperate ads offering entire household furnishings - often practically new - for a song. "Relocation forces complete sale of all furniture and household items," reads one. "Massive savings...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...Shuttle Worth Flying. The Delta Shuttle, which connects New York City, Boston and Washington, D.C., has lowered fares 60% on walk-up ticket purchases. The fare between New York's LaGuardia and Boston's Logan is $129; from LaGuardia to Reagan National Airport...

Author: /time Magazine | Title: Oceanside Luxury Made Affordable (Think Mexico) | 5/25/2009 | See Source »

...David Williams (a.k.a. Daoud), Onta Williams (a.k.a. Hamza) and Laguerre Payen (a.k.a. Amin). The four men, all former convicts, were said to have talked about attacking targets in New York, including a synagogue in the Bronx and military aircraft at the Air National Guard Base at Stewart International Airport, which is west of Newburgh. Cromitie then allegedly asked the informant to procure surface-to-air missiles and explosives to enable the attacks. The informant responded that he could provide Cromitie with C-4 plastic explosives...

Author: /time Magazine | Title: How the Riverdale Bomb Plot Unraveled | 5/21/2009 | See Source »

...girls who attend the same private high school, contracted H1N1, the swine flu virus, while participating in the Model United Nations at U.N. headquarters in New York City. The two roomed together and sat next to each other on a Continental airlines flight that returned them to Narita International Airport on May 19. One girl, from the Hachioji district in western Tokyo, was feverish on the flight but a quarantine test showed her to be negative for the new flu. A test taken Wednesday night at a Hachioji hospital confirmed H1N1. Her classmate, who is from Kawasaki, south of Tokyo...

Author: /time Magazine | Title: In Japan, Swine Flu Spreading Quickly | 5/21/2009 | See Source »

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