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Over three harrowing days in late November 2008, Mohammad Amir Ajmal Qasab, a 21-year-old Pakistani, and nine other gunmen stormed various locations in the Indian financial hub of Mumbai, detonating bombs, hurling grenades and killing more than 170 people. After being captured, Qasab - the only gunman not to be killed by Indian security forces - admitted to being a member of Lashkar-e-Taiba (LeT), the Pakistan-based extremist group that allegedly masterminded the attacks. In May, he pleaded innocent despite overwhelming evidence, including videos and photographs, that places him at the scene. But on July 20, he shocked...

Author: /time Magazine | Title: The Mumbai Attacks' Surviving Gunman | 7/22/2009 | See Source »

...Hong Kong banks can begin settling cross-border trade transactions in yuan for selected Chinese companies. This step will likely increase the use of yuan in Hong Kong, one of the world's premier financial centers. (The program also solidifies Hong Kong's role as China's chief financial hub.) This step follows a series of "swap agreements" concluded with foreign countries that allow their central banks to acquire yuan for use in trade with China. So far this year, the Chinese central bank has inked six such agreements - with nations including Argentina, Malaysia and Indonesia - totaling 650 billion yuan...

Author: /time Magazine | Title: China's Plans for Replacing the Dollar | 7/21/2009 | See Source »

Harold's poems were chiseled. William Carlos Williams, who was pretty much a god of American poetry, called him the "best poet of [his] generation." In Harold's most famous poem, "I Am in the Hub of the Fiery Force," he flashes back and forth between three or four rhythms like a virtuoso. He was writing about the agonies of being a gay man and an outcast in the U.S. before Allen Ginsberg. The Beats looked up to him. It was a tragedy that Harold never got the recognition that he should have...

Author: /time Magazine | Title: Harold Norse | 6/29/2009 | See Source »

...Obama Administration has identified 10 major regional corridors for HSR funding: three in the heavily populated Northeast (where the quasi-high-speed Acela train is already in use), then the Southeast coast, Florida, the upper Gulf Coast, the Midwest (dubbed the Chicago Hub), Texas (South Central), the Pacific Northwest and California. Of those, U.S. Transportation Secretary Ray LaHood has pointed to California and Florida as being "way ahead of the curve" in terms of preparing for HSR. Florida, for example, already did most of the spade work, including land acquisition and environmental-impact and ridership studies before Bush quashed...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...Tehran's most storied, once the site of regal state ceremonies and Dar al-Funun, Iran's first modern college built in the 19th century. In recent years noble aspirations have been cast aside and Imam Khomeini Square has settled into its current role, a major south-central hub covered in ashen grey and lined on three sides by small shops and boarding houses for itinerant workers and their families. To the south of the square rises the smooth glass of the mokhaberat or telecommunications building, built in the doleful international style so common in the developing world...

Author: /time Magazine | Title: On Scene: Among the Protesters in Tehran | 6/19/2009 | See Source »

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