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...after surviving the cocktail hour from hell, I attended a practice session of 127, Iran's hottest underground rock band. Because the regime still pretends to oppose the toxic culture of the West, rock music is semi-taboo, so the band rehearses in a soundproof bunker inside an abandoned greenhouse in a low-rise complex of concrete apartment blocks on the outskirts of the city. The band members compare themselves with writers in Soviet Russia--miserably creative, creatively miserable. They sing in English and dress in the uniform of global grunge: long sideburns, faded Converse sneakers and plaid shirts...

Author: /time Magazine | Title: Fast Times in Tehran | 6/6/2005 | See Source »

This reversal may be in its early stages now, as rents have picked up in places like the capital and South Florida. But we have a long way to go before we reach economic equilibrium in the hottest markets, leaving renters at least temporarily in a good position. Says Choe: "Right now, I love my rental." --With reporting by Sonja Steptoe/Los Angeles

Author: /time Magazine | Title: The (Surprising) Case for Renting | 6/6/2005 | See Source »

...Sharp Businessman Your article on Sharp Corp., Japan's hottest electronics firm, and its president, Katsuhiko Machida, showed that slow and steady wins the race [May 9]. That's exactly how Machida overtook Sharp's rivals Sony, Matsushita and Samsung. When Machida was running Sharp's television business in the 1980s, the company was struggling and most people knew nothing about him. But when Sharp brought its liquid-crystal-display TVs to the global market, it began making record profits. To be the best, a company has to have sound knowledge about market demand, design and manufacturing?plus technological strengths...

Author: /time Magazine | Title: Letters | 6/6/2005 | See Source »

DAVID WIMPY, 49, CULTIVATES 800 ACRES OF CORN AND OTHER crops in Kentucky's hilly Amish country. As a member of the 2,300-strong Hopkinsville Elevator Cooperative, he is also part owner of the hottest new thing to hit town, Commonwealth Agri-Energy, an ethanol plant that started up a year ago in a stream-fed rock quarry a mile south of his land. The cooperative has a 94% stake in the $32 million plant, which has made an estimated $40 million in sales over the past year from ethanol and its by-products. Plant manager Mick Henderson says...

Author: /time Magazine | Title: Breaking That Dirty Old Habit | 6/6/2005 | See Source »

...preposterous and grossly fabricated a charge is, it pays to slander. The Bush Administration has set a tone that works for it. You can count on the Republicans to do whatever it takes to win. Laurent de Wilde Paris Sharp Businessman Your article on the sharp corp., Japan's hottest electronics firm, and its president, Katsuhiko Machida, showed that slow and steady wins the race [May 9]. That's exactly how Machida overtook Sharp's rivals Sony, Matsushita and Samsung. When Machida was running Sharp's television business in the 1980s, the company was struggling, and most people knew nothing...

Author: /time Magazine | Title: Town Hall Titans | 6/2/2005 | See Source »

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