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...July 2009, right in the teeth of the biggest business story to come along in decades. The economy dominates the front page - that is, after a mandatory splash of Michael Jackson. There is more interest, argument and passion surrounding the condition and future of American business than there has been in several generations. And yet, in the space of three months, two business magazines - the organs that exist to offer the stuff people are clamoring for - have been abandoned. One, Portfolio, a newbie, was closed. The other, Business Week, an old stalwart, is up for sale, according to reports that...

Author: /time Magazine | Title: Business Journalism: A Vanishing Necessity? | 7/20/2009 | See Source »

...years teaching English and creative writing in New York City schools for a modest salary. He had a natural flair for it. On his very first day in the classroom, one of his young charges threw a sandwich at another kid. McCourt picked it up and ate it in front of the class, while the students watched, stunned. He had taught his first lesson: an object lesson in what it means to survive starvation...

Author: /time Magazine | Title: Frank McCourt, Author of Angela's Ashes, Dies | 7/19/2009 | See Source »

...make that point even clearer, each tree is now topped with an illuminated "30" to mark the 30th anniversary of the victory of The Sandinista National Liberation Front over the repressive U.S.-backed Somoza dynasty. Nicaragua's continual Christmas theme is also appropriate because President Ortega governs Nicaragua a bit like Santa Claus. Not because he is jolly or has a tummy like a bowl full of jelly (Ortega is very serious and has kept in remarkably good shape for a 63-year-old), but because the Sandinista boss uses gifts to keep people in line, and always double checks...

Author: /time Magazine | Title: Nicaragua: Where Every Day is Christmas | 7/18/2009 | See Source »

...street, go through metal detectors, then walk to the lobby. Same with pickups - people have to walk out to the street. At the Ritz-Carlton, which is connected to the Marriott by an underground tunnel, vehicles are still allowed to pull up to the lobby, but security at the front gate will open both the front hood and the trunk and use mirrors under each vehicle to spot any bombs. Since the first Marriott explosion, police have also gotten better at securing a bomb site. While reporters were allowed to get up close to the lobby in 2003, onlookers could...

Author: /time Magazine | Title: After a Four-Year Calm, Bombs Hit Jakarta Hotels | 7/17/2009 | See Source »

...feet had been found. The news station reported that another headless body was found in the Ritz-Carlton, also operated by an American hotel chain and with the same Indonesian owner. "The bombs could have been on timers or strapped to suicide bombers," says Conboy, author of The Second Front, an examination of Jemaah Islamiah (JI), a homegrown, regional terrorist network with ties to al-Qaeda. "If they were suicide bombers it was most likely the work of religious radicals or Jemaah Islamiah ... the hotel security really screwed...

Author: /time Magazine | Title: After a Four-Year Calm, Bombs Hit Jakarta Hotels | 7/17/2009 | See Source »

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