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...Lowdown: This document is the Saw of state-budget reports: a sadistic statistical journey that gets uglier the deeper you delve. In persuasive, insistent language, the authors hoist one red flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...Making the three-day, 1,900-mile (3,000 km) journey from Darwin in the north to Adelaide in the south in this kind of comfort comes at a cost, of course - $2,100 a head in the case of the new deluxe Platinum cabins. There are Gold cabins for about $1,600, and Red Service twin share bunks - the cheapest option - for $500. The majority of the Ghan's passengers are Australians undertaking an almost ritualistic pilgrimage through their colossal backyard, and the local accent predominates in the elegant dining car, where kangaroo steaks and fine Australian wines...

Author: /time Magazine | Title: Scenes of Martian Redness in Australia | 7/23/2009 | See Source »

...found work in Lahore and later worked as a decorator in Rawalpindi. Disappointed with his meager earnings, he conspired with a friend to commit robberies. In 2007 he came into contact with the LeT and joined their ranks, hoping to develop military skills. (See pictures of a jihadist's journey...

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

...history of sailing, fewer people have circumnavigated the globe on solo voyages - less than 250 in all - than have attempted to summit Mt. Everest this year. On July 16, 397 days after starting his journey aboard the Intrepid, a 36-foot, $6,000 vessel he purchased with money saved from summer jobs, 17-year-old Zac Sunderland of Thousand Oaks, Calif., became the newest - and youngest - member of that exclusive fraternity. He spoke with TIME about staying awake for days at a time, sidestepping pirates in Indonesia and the many other challenges he surmounted during a voyage that spanned nearly...

Author: /time Magazine | Title: The Teen Who Sailed the World Solo | 7/21/2009 | See Source »

...have. They have taken the best bits of different kinds of literature. It's the latest in a long line of orphan literature. There's the English boarding school. There's the good-vs.-evil thing. The fact that she came up with the entire thing on one train journey is pretty remarkable...

Author: /time Magazine | Title: 10 Questions for Daniel Radcliffe | 7/16/2009 | See Source »

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