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...much as 18 hours a day in some areas - has brought production lines in key employment sectors such as textile-manufacturing to a standstill. Rising oil prices had been mitigated by government subsidies during much of Musharraf's tenure, but such subsidies can no longer be sustained. The cost of fuel - used for both transportation and energy production - jumped 17.7% in March, echoed by a 20.6% leap in food-price inflation. The price of bread has nearly doubled. So has the cost of a haircut and a shave on the streets of Karachi. "What can we do?" says barber Shoaib...

Author: /time Magazine | Title: Dangerous Ground | 7/10/2008 | See Source »

...Middle Eastern TV network that has broadcast anti-American propaganda - aired in conjunction with the famed CBS news program. Such an approach has already been criticized by the Miami Herald's Edward Wasserman, who inquired July 7, "why was Pro Publica using its philanthropic funding to, essentially, subsidize the cost of a segment for 60 Minutes, the most financially successful news show in the history of U.S. Television...

Author: /time Magazine | Title: The Nightly News, Not-For-Profit | 7/9/2008 | See Source »

...that it was critical to stave off the so-called secondary effects of inflation and "to neutralize the growing risks to price stability." In plain English, that means he's worried about an inflationary spiral in which manufacturers of industrial and consumer goods raise prices to compensate for higher costs - and workers demand hefty pay increases so they can afford the rising cost of their household purchases. The risk is very real. Soaring prices for oil, raw materials and food have taken a heavy toll on Europe's inflation rate, which hit 4% in June - more than double what...

Author: /time Magazine | Title: Europe's Economy: Falling Down | 7/9/2008 | See Source »

...nobody, even us Palestinians, can begin to comprehend," he says with quiet, lawyerly persistence. The photo moves around the room, again and again, in silence. Finally, a retired Palestinian general, Abdul Latah Solimia, once captive in an Israeli military prison in Lebanon says: "As a militant, I know the cost of war and hatred. For 60 years, we have tried to eliminate each other, and neither has won. We Israelis and Palestinians should share this land...

Author: /time Magazine | Title: Teaching Auschwitz to the Palestinians | 7/8/2008 | See Source »

...take the halo off Barack Obama and portray him as a typical flip-flopping politician. "He's a calculating politician," Senator Lindsey Graham, a top McCain ally, says of Obama in a typical remark. Obama is making the Republicans' work easy. He is changing position after position, at the cost of sullying his reputation as a man who wants to change politics as usual. The candidates' strategies dovetail perfectly - which means one of them is making a big mistake...

Author: /time Magazine | Title: Fight of the Flip-Floppers | 7/7/2008 | See Source »

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