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...city even became known for a winter film festival that attracted stars like Quentin Tarantino (who named a character in Kill Bill after the town). But tourism never paid off, and debts piled up. The city was finally forced to declare bankruptcy last summer. Today Yubari, a frozen city of 13,000 people, is over $500 million in debt...

Author: /time Magazine | Title: "We Can Be Proud That Nobody Has Committed Suicide" | 2/1/2007 | See Source »

...Pyongyang knows a cave-in when it sees one. They brushed aside the "early harvest" proposal as inadequate, demanding still more before they would listen to new denuclearization offers-specifically, the release of $24 million of Pyongyang's funds currently frozen in Macau's Banco Delta Asia on suspicion of North Korean complicity in counterfeiting U.S. currency. Pyongyang's obsession over the past year with repocketing its Macau bag money-a paramount issue on its foreign agenda ever since the accounts were impounded in 2005 by Macau banking authorities under U.S. Treasury scrutiny-is easily explained. Since the North...

Author: /time Magazine | Title: Viewpoint: Talking Only Makes it Worse | 1/25/2007 | See Source »

...Department officials wheedling Treasury counterparts to let up, just a bit, on their international campaign against counterfeiting and money laundering, so that a charter member of the Axis of Evil can be lured back to the six-party table. The outcome is still uncertain. If Pyongyang does get its frozen millions back, and the past is prologue, Kim will pocket the money, then detonate another nuke at the time and place of his choosing. He understands that the six-party farce provides ideal diplomatic cover for his unobstructed nuclear buildup. What the other players don't seem to understand...

Author: /time Magazine | Title: Viewpoint: Talking Only Makes it Worse | 1/25/2007 | See Source »

DIED. Abbé Pierre, 94, French Catholic priest who stubbornly championed the homeless in France and abroad; in Paris. In 1954 he won national attention after coming across a woman who had frozen to death on a Paris street, her eviction papers in hand. His frantic cry on the radio--"Friends! Help!"--prompted volunteers to donate blankets for other homeless people and pressured the government to offer some 12,000 units of housing...

Author: /time Magazine | Title: Milestones Feb. 5, 2007 | 1/25/2007 | See Source »

...Olmert had vowed to release $100 million in Palestinian funds frozen by Israel after Hamas became the government last March. Olmert also promised to remove some of the more than 400 roadblocks inside the Palestinian territories. Israel has so far failed to deliver on either promise, according to Palestinian officials who spoke on condition of anonymity...

Author: /time Magazine | Title: Rice Visit Leaves Palestinians Gloomy | 1/14/2007 | See Source »

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