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On the list of things I expected to gain a deeper understanding of in Buenos Aires this summer, American history ranked only slightly below sane driving techniques. But as I’ve learned boldly attempting to cross streets, expectations don’t mean much in this city.

Author: By Paul R. Katz | Title: Meteorology, Mercosur-Style | 7/20/2007 | See Source »

O.K., it wasn't exactly a Horatio Alger story, but it was still undeniably success, American-style. Jim Mitchell and his brother Artie (below, left; Jim, right) built a porn empire that included the famous O'Farrell Theatre in San Francisco and requisite rap sheet of obscenity and drug charges...

Author: /time Magazine | Title: Milestones Jul. 30, 2007 | 7/19/2007 | See Source »

The new Chancellor, of course, has few policy levers through which to intervene - it's up to the Bank of England to decide when inflation has been tamed by changes to the cost of borrowing; certain taxation levels for the next couple of years were set last March, and growth...

Author: /time Magazine | Title: Is Britain's Economy Slowing Down? | 7/19/2007 | See Source »

Despite signs suggesting a cooling off, there are good reasons not to fear a housing market crash. By the time house prices tanked in the early 1990s on the back of a boom in previous years, interest rates had hit an eye-watering 15%, analysts at Bank of America point...

Author: /time Magazine | Title: Is Britain's Economy Slowing Down? | 7/19/2007 | See Source »

There was no reason to believe that the incident was nothing more than "a failure of our infrastructure," the mayor said at a press conference about two and half hours after the explosion. "No terrorism... No criminality." According to Con Ed, the incident was caused by an operational problem in...

Author: /time Magazine | Title: Manhattan's Big Rush-Hour Scare | 7/18/2007 | See Source »

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