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...Diarra is hardly alone among Africans in thinking of Obama as his brother and friend. On a continent sorely in need of political role models, the U.S. President is a huge icon these days, not to mention a lucrative marketing tool. Vendors in Bamako's markets do a brisk trade in Obama T-shirts, buttons and posters. Obama love reaches even remote communities with no electricity or television. One day in May, a driver took me 30 miles (50 km) into the Sahara Desert from the northern Mali town of Timbuktu. There in the tiny village of Ber, he unfurled...

Author: /time Magazine | Title: Welcome to OBamako: Africa Awaits Obama's Return | 7/9/2009 | See Source »

...long boom in stock prices from 1982 to 2000 and the shorter one in housing prices from about 1997 to 2006 were fueled by rising debt. Ever easier mortgage terms and falling interest rates provided a brisk tailwind for home prices. In the stock market, higher profits pushed along by bigger consumer and corporate debt loads brought higher stock prices. Start ratcheting the indebtedness down and throw in slower growth, and both of these processes go backward. For the long-term health of the economy, that's good--as we've learned, debt-fueled growth is not indefinitely sustainable...

Author: /time Magazine | Title: A Fun-Free Recovery | 6/29/2009 | See Source »

...difficult, as I discovered during a trip to Ghent on its most recent Veggie Day on May 21. While most restaurants owners and residents I spoke to had heard of Veggie Day, few had any plans to embrace the concept. A local rib shack, Amadeus, was doing brisk business, and many people openly ate hot dogs on the street. Wim De Kinder, owner of the upscale Traiteur Grimod delicatessen, said he tried to introduce vegetarian fare two years ago after learning of the environmental cost of livestock production, but he couldn't shift enough product to make it profitable...

Author: /time Magazine | Title: Where's the Beef? Ghent Goes Vegetarian | 5/27/2009 | See Source »

...Sotomayor's performance back then offers any clues about how she'll perform on the high court, expect a brisk jurist who is utterly unafraid to dress down powerful interest groups. On March 30, 1995, Sotomayor, then age 40 and the youngest judge in the Southern District of New York, presided over a two-hour hearing in which the baseball players' association protested the owners' decision to unilaterally eliminate free-agent negotiations and salary arbitrations while both sides were negotiating a new collective-bargaining agreement. Although Sotomayor, who was raised in a housing project a few miles from Yankee Stadium...

Author: /time Magazine | Title: How Sotomayor 'Saved' Baseball | 5/26/2009 | See Source »

...dealerships have been bombarded by departing foreigners trying to sell their vehicles, but dealers have stopped buying because there's no longer a resale market. "I've got no space; no one has any money; and no one's buying," says one. A government-run auction is doing a brisk business selling vehicles that have either been repossessed or been abandoned by their debt-ridden owners at the airport. Local website classified sections are filled with desperate ads offering entire household furnishings - often practically new - for a song. "Relocation forces complete sale of all furniture and household items," reads...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

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