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...Olympic projects, some of them in Nizhneimeretinskaya Bukhta. The state has budgeted about $3.5 million to buy up the land. That works out to an average of $50 per 1,076 sq. ft. (100 sq m) or sotka, Russia's standard unit of land. But Sochi's successful Olympic bid has boosted Sochi land prices fivefold since last July; in April, a sotka in the area was on sale in a price range of $100,000 to $200,000. The Kovals figure they could have sold their four sotkas and the boarding house for $1.5 million, enough to move someplace...

Author: /time Magazine | Title: Postcard: Sochi | 5/14/2008 | See Source »

This is a time of endings. Tomorrow, cycle 10 of America’s Next Top Model will draw to a close, and Tyra Banks will bid us farewell till the fall. (Or, rather, till her talk show airs on Thursday afternoon.) Next week, our country will anoint its new beacon of hope—not in a presidential primary, but with the finale of American Idol season seven...

Author: By Ryder B. Kessler | Title: Lessons Syesha Taught Me | 5/12/2008 | See Source »

...talk about "full speed on to the White House," there was an unmistakably elegiac tone to Hillary Clinton's primary-night speech in Indianapolis. And if one needed further confirmation that the undaunted, never-say-die Clintons realize their bid might be at an end, all it took was a look at the wistful faces of the husband and the daughter who stood behind the candidate as she talked of all the people she has met in a journey "that has been a blessing...

Author: /time Magazine | Title: The Five Mistakes Clinton Made | 5/8/2008 | See Source »

...relied on old money For a decade or more, the Clintons set the standard for political fund raising in the Democratic Party, and nearly all Bill's old donors had re-upped for Hillary's bid. Her 2006 Senate campaign had raised an astonishing $51.6 million against token opposition, in what everyone assumed was merely a dry run for a far bigger contest. But something had happened to fund raising that Team Clinton didn't fully grasp: the Internet. Though Clinton's totals from working the shrimp-cocktail circuit remained impressive by every historic measure, her donors were typically...

Author: /time Magazine | Title: The Five Mistakes Clinton Made | 5/8/2008 | See Source »

...hard to imagine Nicaragua's rustic peasants being called on to save the day as the global food crisis has doubled average food prices in Latin America over the past year. But riding the campesinos to the rescue is exactly what President Daniel Ortega aims to do in his bid to assume a regional leadership role in confronting the food crisis...

Author: /time Magazine | Title: Nicaragua's Great Leap Forward | 5/8/2008 | See Source »

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