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Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

The scrutiny of Letizia's fashion sense began with the announcement, in November 2003, of her engagement to Felipe de Borbon, heir to the Spanish throne (press opinion on the white Armani suit she wore for the occasion was divided, but the suit reportedly sold out of Spanish stores within...

Author: /time Magazine | Title: Letizia of Spain: How to Look Like a Princess | 9/7/2009 | See Source »

John F. Kennedy's funeral was one of those events that shoved history around a corner. That was the day the '50s became the '60s, that new generation bearing its torch now using it to set fires. By the time of Bobby Kennedy's assassination in the early hours of...

Author: /time Magazine | Title: The Kennedys Face Death: The Agony of Grieving in Public | 8/28/2009 | See Source »

It feels a bit curmudgeonly to suggest these happy Asian trends should be greeted with skepticism. Higher asset prices mean households feel wealthier and better able to spend, which could further fuel the region's nascent rebound. But just as easily, Asia could soon find itself saddled with overheated markets...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

Over the years, however, certain units among the Basij were trained for state control purposes. In 1999 they appeared prominently as shock troops in quelling urban dissent after student demonstrations that initially sought greater freedom for the press. "Increasingly, Sepah used the Basij as a force for indoctrination and in...

Author: /time Magazine | Title: Which State Security Branch Rules Tehran's Streets? | 6/28/2009 | See Source »

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