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...twice a month, consuming about 30% of the country's water - most of which is pumped from underground aquifers filled thousands of years ago, and replenished only very slowly by the occasional rainfall that seeps through the layers of soil and rock. A recent explosion of khat cultivation has drawn water levels down to the point where they are no longer being replenished. The option of pumping desalinated water over long pipelines from coastal plants is too expensive for such a poor country. Yemen is in real danger of becoming the world's first country to run out of water...

Author: /time Magazine | Title: Is Yemen Chewing Itself to Death? | 8/25/2009 | See Source »

Fish out of WaterIn his native Japan, Miyazaki, 68, is perhaps the most respected director working in any film form. Still making movies in 2-D, hand-drawn animation, he creates a frame-by-frame storyboard - 180,000 drawings for Ponyo - that his crew of animators brings to life with minimal help from computers. He is also one of his country's biggest star names. His 1997 Princess Mononoke was Japan's all-time box-office winner until it was overtaken by Titanic; then in 2001, Spirited Away topped Titanic, and it remains the country's top grosser. Ponyo took...

Author: /time Magazine | Title: Ponyo: A Hit from the Creator of Spirited Away? | 8/24/2009 | See Source »

...surprising that a man of Gingrich's ambitions would be drawn to the grandeur of worship at the basilica. Incense hangs in the air as the choir's descant reverberates off the highly polished walls of the Greek-style interior. "Isn't it just beautiful?" Gingrich asks. "That's part of what happened to me." (Her husband, Callista says, is an enthusiastic but limited singer: "He makes a joyful noise...

Author: /time Magazine | Title: Why Newt Gingrich Converted to Catholicism | 8/24/2009 | See Source »

...past few weeks, all this has become controversial. Flash orders - a feature offered by some exchanges that allows high-volume traders the advantage of posting orders for up to half a second and then removing them - have drawn the ire of the authorities. Related revelations about the high-speed, almost fully computerized nature of modern stock markets have occasioned no small amount of fear and loathing. (See pictures of a Madoff family album...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

...European companies are especially drawn to Libya because its so close to Europe; Italy, for example, avoids giant shipping costs involved in importing oil and gas from the Persian Gulf, by bringing in natural gas through a pipe under the Mediterranean. Libya is keen for investment to help fund much needed work in roads, rail links, telecommunications, and even on its oil rigs. Libya's Soviet-era military equipment is also in bad need of an overhaul, and France, Britain and Russia are all vying for multi-billion-dollar defense contracts. "Libya can offer a lot of investment opportunities," Zainy...

Author: /time Magazine | Title: Was Oil Part of a Deal for the Lockerbie Bomber? | 8/22/2009 | See Source »

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