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...Swiss aren't the only ones with a penchant for horology. Dent & Co., Britain's finest clockmaker, has been quietly earning its place in history for almost 200 years, and this fall the company will offer a collection of wristwatches for the first time in four decades. The watches will range in price from...

Author: /time Magazine | Title: Keeping Time With History | 8/17/2007 | See Source »

Will the new $7.4 billion spending package that was just approved make a dent in the problem or does it, as critics claim, throw more good money after bad? The legislature used to pass bill after bill giving the department of corrections more and more money and it never tied the increased funding to performance measures showing whether they were involving inmates in programs or preparing them for release. Under this law, the prisons department is only allowed to build all of the new proposed beds in phases over the next decade. Officials can't get more money from...

Author: /time Magazine | Title: Q&A: How to Fix California's Prisons | 6/21/2007 | See Source »

...Blackstone transaction makes barely a dent in China's foreign-currency reserves, but it signals that the government wants to invest its dollar stash more aggressively. The deal was nicely timed--just before top Chinese officials arrived in Washington for talks aimed at reducing the bilateral trade deficit. "It's a safe bet. It's politically savvy and economically very smart," says Bank of America market strategist Joseph Quinlan. The Saudi plastics buy, in turn, is part of an effort to move up the economic food chain from pumping oil to making things of value...

Author: /time Magazine | Title: Buy American! | 5/24/2007 | See Source »

...less than 40% of the homeless care system, down from 60% in 2003). But groups such as ACORN (the Association of Community Organizations for Reform Now), a 37-year-old advocacy organization for low income families, complain that such numbers are too small to make much of a dent in a massive problem...

Author: /time Magazine | Title: Can Chicago End Homelessness? | 5/24/2007 | See Source »

...says he first learned of the existence of the photographs when they were aired two weeks ago on CBS's 60 Minutes II, went on Arab television to proclaim the abusive treatment "abhorrent" behavior that "does not represent the America that I know." His words weren't enough to dent the outrage of Muslims who wondered why he failed to apologize. A day later Bush finally said he was sorry, but America's image in much of the Arab world may well be irredeemable. U.S. officials tried to portray the sordid scenes as the isolated acts...

Author: /time Magazine | Title: Iraq: The Scandal's Growing Stain | 5/18/2007 | See Source »

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