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...real estate firm Atisreal says banking and finance firms are currently taking just 110,000 sq ft (10,200 sq m) of City space in a three-month quarter. Throughout 2005 and 2006, the take-up rate averaged more than four times the current level. The flatter demand will drive down rents in the City by 16% this year, Atisreal estimates, and a further...

Author: /time Magazine | Title: A Renters' Market in London | 8/18/2008 | See Source »

...time, with massive columns of armor ready to roar south once Georgia crossed into South Ossetia. Now that their troops occupy both South Ossetia and Abkhazia, they seem intent on remaining there as purported peacekeepers. Pentagon officials this weekend acknowledged that there was nothing the U.S. could do to drive them...

Author: /time Magazine | Title: The Strategic Lessons of Georgia | 8/18/2008 | See Source »

...smartest move, Cavic. Phelps, notorious for feeding off doubters and critics of his feats and fame, said he "got excited" by those comments, and managed to drive to the wall 0.01 sec. ahead of the Serb. Enough said...

Author: /time Magazine | Title: How Phelps Made Swimming History | 8/17/2008 | See Source »

Edison had his lightbulb, Ford had his Model T, and Jan Vinzenz Krause has his spray-on condom. Inspired by the mechanics of a drive-through car wash, the German sexual-health educator designed a custom-fitting male contraceptive using liquid latex and some materials from a hardware store. "I felt a little like MacGyver," he says of building the contraption...

Author: /time Magazine | Title: Spray-On Condoms: Still a Hard Sell | 8/13/2008 | See Source »

...with rising inflation at a time of weakening expansion is a challenge for the European Central Bank, too. Figures released on August 6, for instance, showed a shocking 2.9% fall in German manufacturing orders in June. The country, fuelled by a booming market for its exports, has lately helped drive growth in the 15 nations that use the euro. Rendered more costly by the recent strength of the currency, those exports are under pressure. The result: though inflation within the euro area stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

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