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...first half of 2007. Hyundai Asan, the South Korean conglomerate that manages the two projects and has invested nearly $1 billion in them, is convinced that North Korea is ready to embrace capitalism. "The North Koreans are really studying the market-oriented system," says Jang Whan Bin, Hyundai Asan's senior vice president of international business and investor relations. Such optimism is essential for South Koreans, for whom investment in the North is less an overture for integration than a hedge against their neighbor's collapse. Better, perhaps, to nudge the D.P.R.K. toward prosperity now than to inherit a ruined...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...When FIFA's president, Sepp Blatter, toured India in April with Mohammad bin Hamman, head of the Asian Football Confederation, he attended the derby fixture and was reportedly impressed by the match's feverish atmosphere. But that didn't make up for the shambolic management and crippling lack of infrastructure that dogs the Indian game. Hamman spoke bluntly: "Frankly speaking, they only have the history. I did not see any future...

Author: /time Magazine | Title: Clash of the Titans | 10/4/2007 | See Source »

...center will allow us to ‘take back the mic’ and to answer the questions everyone has about Islam and Muslims.” “We can no longer afford to let the extremists define us. We can no longer allow Osama bin Laden to define Islam for the world,” he said. There had been uncertainty about whether the event would even take place on Friday, Hankins said. Organizers did not receive permission from the city until a nine-part inspection of the center was completed Thursday afternoon. As congregants streamed...

Author: By Patrick D. Kuhn and Hee kwon Seo, CONTRIBUTING WRITERSS | Title: Muslims Celebrate Mosque Opening | 10/1/2007 | See Source »

...folks who provided the intellectual rationale for Bush's war in Iraq, many of whom are now itching for a war with Iran. Norman Podhoretz, the neocon paterfamilias, has written a trifle called World War IV: The Long Struggle Against Islamofascism and loves to posit Ahmadinejad and Osama bin Laden-a far more dangerous character-as the heirs to Hitler and Stalin. "They follow the path of fascism, Nazism and totalitarianism," he writes. This is incendiary foolishness. Terrorists have the ability to wreak terrible damage intermittently, but they don't represent an existential threat to the U.S. Ahmadinejad commands...

Author: /time Magazine | Title: Inflating a Little Man | 9/26/2007 | See Source »

...attempted, and failed, to dismiss the increasingly independent supreme court Chief Justice Iftikhar Chaudhry. Since then his popularity, which was at record highs when he first took power from a Prime Minister widely seen as corrupt and out of touch, has plummeted to levels below that of Osama bin Laden (though still higher than U.S. President George W. Bush, according to a new poll). Last week, through his lawyer, Musharraf promised the Supreme Court that he would step down as chief of the army if he were elected. Many opposition politicians interpreted that as a threat...

Author: /time Magazine | Title: Musharraf's Sign of Weakness | 9/24/2007 | See Source »

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