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...least $275 million and a nearly 30% unemployment rate. Detroit also needs to attract and retain a sizable middle class - of any hue - which is difficult given the sorry state of schools, public security and business. The situation is so dire, the state of Michigan may seize control of Detroit in the coming months. "With the kind of challenges the city is going to face," Cockrel says, "I can make a better contribution not at that table but from another place...

Author: /time Magazine | Title: Detroit's Last White City Council Member | 12/18/2009 | See Source »

...cross at will. "Now because of this war, they will have a chance to make a fence. And more than that, they will have a chance to clear the area on their side, take all of the villages off and make it a free, smooth area that they can control," he says. Indeed, the Saudis are already enforcing a 10 km-deep buffer zone inside the Yemeni border. (See TIME's tribute to people who passed away...

Author: /time Magazine | Title: Yemen's Hidden War: Is Iran Causing Trouble? | 12/18/2009 | See Source »

...Administration announced earlier this year that the long-range Iranian threat isn't advancing as quickly as once feared. Recent U.S. intelligence assessments have concluded that "the threat of a potential Iranian ICBM had been slower to develop than previously estimated," Ellen Tauscher, the State Department's arms-control chief, told Congress. Some intelligence estimates say an Iranian ICBM might not happen until 2020. That assessment prompted the President, with Pentagon support, to scrap a land-based interceptor system based in Poland and the Czech Republic and instead to deploy ships capable of shooting down the short- and mid-range...

Author: /time Magazine | Title: The Pentagon Prepares for a Missile Attack from 'Iran' | 12/17/2009 | See Source »

...playing out - was already playing out - in the global confectionary marketplace," research analyst Alexia Howard of Sanford Bernstein said. "The trust wanted to make certain that during that period, when the company was making big decisions about how this would play out, they wanted to be in more direct control of the company...

Author: /time Magazine | Title: In Hershey's Possible Cadbury Bid, a School's Fate | 12/15/2009 | See Source »

...will affect their bottom line far into the future. Outbidding Kraft for Cadbury would force the company to take on a mountain of debt, analysts say, which could damage Hershey's strong credit rating. And raising that money could force the company to issue new stock, potentially diluting the control the trust enjoys...

Author: /time Magazine | Title: In Hershey's Possible Cadbury Bid, a School's Fate | 12/15/2009 | See Source »

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