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...elected in 2002. The AKP is moderately Islamist, but its economics have turned out to be decidedly liberal. The party has nurtured economic reforms that have tamed inflation, stabilized a jittery currency and entrenched the independence of the country's central bank. Privatization of state-owned properties continues to attract outside investors. Turkey's application to join the E.U. is stalled on objections by France and Germany, among others. But the process of meeting reform benchmarks for membership eligibility has already paid off nicely. Whether or not Turkey joins the E.U., its government says its chief goal is to increase...

Author: /time Magazine | Title: Istanbul's Economic Tension | 5/1/2008 | See Source »

...Grove's government is getting in on the act too, attempting to attract new businesses to the town, notably large health-care providers. "In five to 10 years," says Cody Tubbs, Elk Grove's interim city manager, "we think we will be the medical hub of South Sacramento County." Those efforts, plus the sharp reduction in housing prices, have created a new surge of interest in Elk Grove. The last residence we see on our tour is a 2,067-sq.-ft. (192 sq m) A-frame with four bedrooms and three baths for $282,000, down from...

Author: /time Magazine | Title: Postcard: Elk Grove | 5/1/2008 | See Source »

Like a troop ship launching into the night, the University last Thursday convened a scouting party to the future almost totally unnoticed by students. President Faust’s announcement of an advisory committee to propose changes to the campus’s physical infrastructure didn’t attract the sort of attention that’s accompanied the initiatives to tinker with the Administrative Board or reconsider the Undergraduate Council. But in the long run, poured concrete has a much longer lifespan than disciplinary styles—today, Eliot dining hall remains more intact than President Eliot?...

Author: By Garrett G.D. Nelson | Title: Situations in Space | 5/1/2008 | See Source »

Palfrey's trial, which concluded in mid-April with a conviction, is one of very few such cases prosecuted in the federal courts. Most prostitution violations are dealt with at the state or municipal level, and attract little publicity. In the Palfrey case, prosecutors obliged a string of obviously embarrassed clients and employees of the escort service to appear on the witness stand and testify under oath. Nearly all testified that they had engaged in sexual acts in exchange for money, a version of events that contradicted Palfrey's claims that she had been running a high-end sexual fantasy...

Author: /time Magazine | Title: D.C. Madam: Suicide Before Prison | 5/1/2008 | See Source »

...country and remove all these people who have done bad things." A settlement, if it materializes, would probably lead to tougher regulations and extradition treaties. Dervis Deniz, a former Economy Minister of the North, says it's high time: "The longer we stay isolated, the longer we attract the cowboys and gangsters...

Author: /time Magazine | Title: On the Run in Cyprus' Sun | 4/30/2008 | See Source »

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