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...Boston University professor Ellen Ruppel Shell argues that the allure of low prices is leading us astray: in their bid to drive down costs, big-box stores have kept the salaries and benefits for their employees to a bare minimum; fashion retailers have prioritized price over style and quality, often using their outlet stores to hawk a completely different line of merchandise. Finally, what kind of bottomless plate of scampi do you really think 15 bucks can buy? In her new book, Cheap: The High Cost of Discount Culture, Shell argues that our never-ending pursuit of cheap has blighted...

Author: /time Magazine | Title: What Cheap Stuff Really Costs Us | 7/2/2009 | See Source »

...setback "indicates that Latin America's hyperpresidentialist project, which was fueled by the economic boom, faces walls and obstacles now," says Javier Corrales, a Latin America expert who teaches political science at Amherst College in Massachusetts. Another factor is the exit of U.S. President George W. Bush, whose own bid for excessive presidential power wasn't exactly seen by Latin Americans as a model of democratic checks and balances. Today, the more collegial Obama presidency makes hyperpresidencies look less seemly. (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

Those forces have now turned Zelaya, an otherwise middling President, into the same sort of political martyr Chávez became seven years ago. Their dispute with Zelaya, in fact, arose from their fear that he was making a bid to become another Chávez. Earlier this year, Chávez, a democratically elected President who has enfranchised Venezuela's poor but has been widely criticized for undermining the nation's other branches of government, won a referendum that lets him seek re-election indefinitely. (Other Latin Presidents, like Bolivia's Evo Morales, have also pushed through constitutional changes...

Author: /time Magazine | Title: The Honduran Coup: How Should the U.S. Respond? | 6/29/2009 | See Source »

...East Asia's bid for economic leadership in the low-carbon age may push the Americans - and certainly the Europeans - to intensify their engagement with green technologies. The space race spawned a lot of the advances in technology that we take for granted today. The green race may do the same thing for low-carbon products and processes - and in this competition, the world stands to be the real winner...

Author: /time Magazine | Title: Asia Challenges the U.S. for Green-Tech Supremacy | 6/25/2009 | See Source »

...city's art and design talent. At the forefront of its agenda is building affordable housing and creating part-time employment for artists, as well as devising a feasible grant system. The authority is also a driver of the U.A.E.'s participation at the Venice Biennale. In a bid to create a fresh image for the seven-member federation, DCAA director Dr. Lamees Hamdan gave Berlin-based curator Tirdad Zolghadr carte blanche to fashion an 800-sq-m pavilion into a space that expresses artistic passion. Hamdan realizes the pavilion's title...

Author: /time Magazine | Title: More Than a Mall: Inside Dubai's Growing Art Scene | 6/24/2009 | See Source »

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