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...matter of six months, possibly less, cartographers will have to make a small change in the political map of Europe: according to a U.N.-backed proposal unveiled Feb. 2, the formerly Serbian province of Kosovo is about to become an independent state. Ethnic Albanians, who make up the bulk of Kosovo's population, welcomed a plan that brings them to the brink of fulfilling their century-old dream; Serbia and Kosovo's Serb minority have already rejected it, and they're struggling in vain to prevent its implementation. But as the wheels of diplomacy spin, the impact of this change...

Author: /time Magazine | Title: One Day, They'll Sit Down Together | 2/8/2007 | See Source »

More than half of those jobs were on the Virginia side of the Potomac, the bulk of them white-collar stuff like management consulting, computer services and scientific research. The epicenter of the boom has been Fairfax County, just east of Loudoun and a notch below it on the income list. Fairfax is home to a million people and 600,000 jobs. It is ethnically and racially diverse. It has excellent public schools. Its unemployment rate is just...

Author: /time Magazine | Title: The Federal Job Machine | 2/8/2007 | See Source »

...littered (the wreckage left as a monument and cautionary tale) with the charred shells of trucks and armored cars destroyed as they struggled to relieve the besieged Jews of Jerusalem in 1948. Three-quarters of the Jewish population and all of Israel's major cities, its airports and the bulk of its industry lay within range of Arab artillery. Wars followed one another in savage procession. In 1956 Israel tried to rid itself of the Arab threat from Gaza by joining Britain and France in attacking Egypt. The U.N. forced Israel to pull back. But Israel learned a lesson: never...

Author: /time Magazine | Title: ISRAEL At 40: the Dream Confronts Palestinian Fury | 2/5/2007 | See Source »

...also to pension funds and college endowments--and to not-so-rich people through listed hedge-fund stocks and hedgelike mutual funds. Thorp's was not the first hedge fund, and the term now covers all manner of investment beasts. But the approach he pioneered accounts for the bulk of the $1.43 trillion that Chicago-based Hedge Fund Research says hedge funds had under management at the end of the year. That's still puny compared with the $20 trillion in mutual funds worldwide. But because most hedgies trade avidly, usually with borrowed money that amplifies their clout...

Author: /time Magazine | Title: Hedge Funds Head for Mediocrity | 2/1/2007 | See Source »

...answers aren't readily apparent. Bush's decision to send more troops to Iraq and Afghanistan means both wars will continue to consume the bulk of the U.S.'s military resources, to say nothing of the mental energies of the President's lieutenants in Washington. Although Defense Secretary Robert Gates has hinted that the increase in troop strength in Iraq may last only until the summer, the Administration rejects the idea of setting any firm limits on the U.S. commitment there. Says Rice: "This is going to happen over a period of time ... It's not as if there...

Author: /time Magazine | Title: Rice's Toughest Mission | 2/1/2007 | See Source »

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