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...have another well established system called taxation. It works this way: through democratic processes, we decide as a society that something is worth doing or someone is worth helping. Then we tax ourselves in order to buy this service from someone who wishes to sell it for the amount we are willing...

Author: /time Magazine | Title: National Service? Puh-lease | 9/4/2007 | See Source »

...capital even experienced one. Indeed, 2007 will be remembered as the year without a summer - the pourriest in 30 years, and second dreariest in the past half century. Monday's forecast (rain, highs of 63 degrees) was rather typical of the season, which dumped down nearly three times the amount of rain as you'd expect to find during an average June-August period. According to French press reports, temperatures only reached seasonal averages around 10 times during those same three months, with highs frequently 10 to 20 degrees below normal. Little wonder the Seine-side version of a Potemkin...

Author: /time Magazine | Title: Marking the End of a Rotten Summer | 9/4/2007 | See Source »

...million euros a day. That's the amount of money Alitalia, Italy's national airline, is now hemorrhaging. That nice (or, rather, nasty) round figure succinctly quantifies just how dire the carrier's crisis has become. Alitalia's troubles are nothing new, of course, as the government-controlled company tallied some three billion euros in net losses between 1999-2006, becoming a running joke among industry insiders and a mounting burden on Italian taxpayers. Last fall, Prime Minister Romano Prodi declared the situation at Alitalia "out of control," and vowed to personally lead the search for a solution. But when...

Author: /time Magazine | Title: Desperation Grows At Ailing Alitalia | 8/31/2007 | See Source »

...blasting nearby reefs, trade exploded. Laborers from all three Golden Triangle nations converged on the docks looking for work. A few years ago, only boats carrying less than 100 tons of goods could navigate this stretch of the Mekong - hardly worth the trip. Now, ships can handle triple that amount - and when other reefs are removed in the coming months, they will be able to transport even more. The knock-on effects of the China trade are big, too. A giant casino opened last year to cater to the Chinese tourists pouring from Mekong ferries into northern Thailand, and Sichuan...

Author: /time Magazine | Title: A Bend in The River | 8/30/2007 | See Source »

...that no amount of barbed wire will keep the tractors and backhoes at bay any longer...

Author: /time Magazine | Title: The Western War Against Barbed Wire | 8/30/2007 | See Source »

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