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...fresh memory of a horrific attack and by the determination to defend our homeland and the values we hold dear. I refuse to accept the notion that we cannot summon that unity again. I believe with every fiber of my being that we - as Americans - can still come together behind a common purpose. For our values are not simply words written into parchment - they are a creed that calls us together and that has carried us through the darkest of storms as one nation, as one people...

Author: /time Magazine | Title: Full Transcript of Obama's Speech | 12/1/2009 | See Source »

...control and ownership of the buildings they have financed. And there are more buildings on the way. There are scads of unfinished buildings in Dubai, including high-priced residential properties. About 100,000 new dwellings were scheduled to hit the market in 2010. (Read about how hard times have come for Dubai and the emirates...

Author: /time Magazine | Title: Can the Banks Force Dubai into Foreclosure? | 12/1/2009 | See Source »

Sheik Mo, as he's dubbed by the media, was tweeting in London last week when officials back home stunned financial markets by announcing a request for a six-month repayment standstill on part of the sheikdom's $80 billion debt. The immediate issue is Dubai's inability to come through on a $3.52 billion tranche due in mid-December. Yet, with some 400 property projects already reportedly frozen in Dubai, the news raised the specter of a gigantic default that would sink exposed creditors around the world. "Inspired by Islamic artifacts," read the sheik's post on Twitter during...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...concerned, the problem is largely limited to egregious overborrowing by one company in one sector: Nakheel, the Dubai World subsidiary behind huge property projects like the Palm and the World, built on injected sand off the Gulf coast. "It will take a bit of time, but Dubai will come back," a Dubai insider told TIME. "It will come back stronger, because the crisis will help create a more sustainable model for the future...

Author: /time Magazine | Title: Dubai's Woes a Blow to Ambitious Ruler Sheik Mo | 12/1/2009 | See Source »

...signing of the Antarctic Treaty dedicated the continent entirely to research, from which have come a slew of discoveries about our planet. British scientists discovered the gaping, man-made hole in the ozone layer in the 1980s, while studies of Antarctic ice have contributed to our understanding of climate change - and increased concerns over catastrophically high sea levels if the continent's thick glaciers were to melt. One of the most integral aspects of Antarctic scientific study remains, surprisingly, meteorites: the continent is a collecting ground for them, preserved well because they naturally bury into the ice for thousands...

Author: /time Magazine | Title: Antarctica | 12/1/2009 | See Source »

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