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What is perhaps most remarkable about Mr. Radio's decision to abdicate the broadcasting throne is the fact that he held onto it for so long - a stretch during which he weathered technological upheaval, receding ratings and splintering musical tastes. Kasem has always transcended industry trends: he created American Top 40 in 1970 when the genre was said to be dying, and embraced corniness as Vietnam-era cynicism peaked. Through 2,000 cartoon episodes, 10,000 commercials and nearly four decades of radio hits, he has maintained his signature earnest style. "I'm Casey Kasem," he crooned July...

Author: /time Magazine | Title: Radio Host Casey Kasem | 7/7/2009 | See Source »

...when house prices in a metropolitan area had dropped less than 20% from their peak. However, once prices had fallen more than 20%, a disproportionate number of people wound up behind on their mortgage payments, even when the unemployment rate (a measure of means to pay) was held constant...

Author: /time Magazine | Title: Mortgage Defaults: Many Are Intentional, Study Finds | 7/7/2009 | See Source »

...summit was originally going to be held in Sardinia on the island of Maddalena, in a beautiful seaside resort town. On April 23, less than three weeks after the earthquake that left tens of thousands homeless, Prime Minister Berlusconi announced that the meeting would be moved to L’Aquila. He said the purpose of the change was to divert funds away from preparing the lavish accommodations in Sardinia and towards the relief effort, as well as to bring international attention to the tragedy. Berlusconi’s critics suggested that the real reason for the move was that...

Author: By Sofia E. Groopman | Title: Berlusconi’s Hubris | 7/7/2009 | See Source »

...Afghan campaign is the subject of heated debate. Over the past few months, Germany, which usually restricts its troops to peacekeeping and reconstruction efforts, has found itself drawn into a bloody conflict. In the most recent reminder of how dangerous the mission has become, a memorial service was held in the central town of Bad Salzungen on Thursday for three young soldiers killed in an attack near Kunduz, in northern Afghanistan, on June 23. They were the latest casualties of a war that has claimed the lives of 35 German soldiers. At the memorial, senior Cabinet ministers went...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

...German government held high-level talks with top security and intelligence chiefs in Berlin on Thursday to discuss the growing threat posed by Islamic extremists and to coordinate counterterrorism measures. Intelligence officials are alarmed by the rising number of videos posted online by militant Islamists who say they are specifically targeting Germany. Up to 13 videos are reported to have appeared on the Web since January, many of them referring to the deployment of German troops in Afghanistan. (See pictures of U.S. Marines opening a new offensive in Afghanistan...

Author: /time Magazine | Title: Germany Ups Terrorism Alert Before Election | 7/6/2009 | See Source »

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