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...Gallardo dedicates a large chunk of his writings to describing this detention in minute detail. He unleashes particular scorn on his arresting officer Guillermo Gonzalez Calderoni, a "supercop" who shot down or nabbed several top drug lords in the 1980s. Félix Gallardo claimed that he had been a friend of Gonzalez Calderoni who, he said, once gave him a present of macaws, endangered birds. But, Félix Gallardo recalled, when he went to meet the policeman in a Guadalajara restaurant, some of his officers jumped him. "Three of them came at me and knocked...

Author: /time Magazine | Title: Autumn of the Capo: The Diary of a Drug Lord | 5/20/2009 | See Source »

...With that in mind, Nasheed announced a contingency plan late last year that titillated the foreign press. From its tourist revenues, the Maldives would set aside a chunk of money each year. It would combine that with aid from richer nations and the Commonwealth, and build a sovereign fund that could one day go toward purchasing new territory for the country's climate refugees in far bigger nations like India or Australia. "At the end of the day, we are talking about needing dry land," says Nasheed bluntly. "It is a myth to assume that humanity has always been stationed...

Author: /time Magazine | Title: The Maldives' Struggle to Stay Afloat | 5/18/2009 | See Source »

...psychology of saving? A big part is understanding where the money goes. If you're part of a typical American household, 12% of your spending is on food. That's a big chunk, but smaller than the 18% that goes for transportation and the 34% that pays for housing. Cataloging expenses using software like Quicken or Mint.com or jotting them down, may be annoying, but it can be life-changing. "It gets people thinking when they realize they spend five times as much on their car as they do on recreation," says Robert Manning, a consumer-finance research professor...

Author: /time Magazine | Title: Here's the Best Way to Save Even More | 5/18/2009 | See Source »

...electricity; by simply unplugging appliances when you're not using them, you can shave 5% to 10% off that bill. And when was the last time you shopped for cheaper car insurance? It's an expense that's out of sight most of the year but a significant chunk of what we spend...

Author: /time Magazine | Title: Here's the Best Way to Save Even More | 5/18/2009 | See Source »

...credit card, you agree to pay a certain interest rate on the balance you carry - you enter into a legal agreement to that end - but historically, your card company has been able to change that rate for all sorts of reasons. Maybe you charge a greater chunk of your credit limit than normal. Maybe you're late on a payment to some other company. In recent years, the difference between the interest rate folks sign up for and the average penalty rate imposed later on has skyrocketed, from 8.1 percentage points more in 2000 to 16.9 points more...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

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