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...Dubai officials insist that they can meet their debt obligations for the next two years. Analysts point out, however, that the credit squeeze compounds a growing challenge to Dubai's revenue streams. The most obvious is the halving of the price of oil from $147 per bbl. to $70 per bbl. since July, sending Middle East stocks tumbling and rendering regional investors increasingly cautious. Likewise, a global recession is likely to tighten the belts of the international investors and holiday makers that Dubai relies on for its real estate and tourism developments. Even before the global crunch, banks...

Author: /time Magazine | Title: How Wall Street's Bust Threatens Dubai's Boom | 10/19/2008 | See Source »

...Dabbagh and his backers insist they're not trying to out-Dubai Dubai--or anybody else--and that the new cities are meant to solve pressing economic and demographic problems: with 60% of its population under the age of 25, Saudi Arabia needs to create millions of jobs and homes for young people who will come of age in the next five years. This "youth bulge" will create a demand for 6 million residential units in the next 12 years; that's a million more units than were built in the past 60 years. "When you have demand on that...

Author: /time Magazine | Title: The Massive Master Plan | 10/16/2008 | See Source »

President Daniel Ortega, Nicaragua's macho and mustachioed Sandinista commandante of the 1970s and '80s, may claim the mantle of revolutionary "new man," but Latin America's feminists insist Ortega is a dirty old man. Throughout the continent, Ortega is being hounded by feminist groups over his alleged sexual abuse of stepdaughter Zoilamerica Narvaez during the 1980s. The allegation first surfaced in 1998, but was eventually dismissed by a Sandinista judge without investigation or trial - despite an investigation by the InterAmerican Commission on Human Rights, which determined that the case had merit. In most democracies, the furor would have been...

Author: /time Magazine | Title: President Ortega vs. the Feminists | 10/16/2008 | See Source »

...both John McCain and Barack Obama insist that there are things a campaign can't tell you about the temperament of an aspiring President. "Who is the real Barack Obama?" McCain asks, as he runs ads attacking his opponent's "bad instincts" and dangerous lack of judgment. Obama argues the reverse: You can't trust McCain because the one thing you know is that you never know what he'll do next. He's an impulsive hothead who is "erratic in a crisis." Is that really the guy you want steering through a storm...

Author: /time Magazine | Title: The Temperament Factor: Who's Best Suited to the Job? | 10/15/2008 | See Source »

...generation of Americans will reach maturity in an unpredictably advanced technological landscape, one with unprecedented levels of connectivity and functionality, who is to say that their method learning will resemble that of the past, or even our own, in any very precise way? Now is hardly the time to insist on a reactionary return to a pedagogy that permits only dry book learning. (If anything, the students themselves would not tolerate such a regression.) And as an industry builds around the quest to glue young people to their TV screen, the least we can do is turn a dubious development...

Author: By The Crimson Staff | Title: Literacy First | 10/9/2008 | See Source »

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