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BANK OF THE SOUTH First the Paul Wolfowitz scandal, and now this: at the end of the month, "Banco del Sur" will launch as a direct competitor to the World Bank, at least in South America. The brainchild of Venezuela's President Hugo Chavez, who has long railed against the meddling of the Washington-dominated World Bank and IMF, the development bank got a credibility boost when Brazil, Argentina and others signed on as founding members. With the region's new oil wealth, the dream of locally funding big infrastructure projects without First World interference may be closer than ever...

Author: /time Magazine | Title: Dashboard: Jul. 2, 2007 | 6/21/2007 | See Source »

...ambush. A more sophisticated operation was mounted on May 12 by Islamic State fighters in rural Mahmudiyah, south of Baghdad. They attacked a U.S. patrol, killing five soldiers and capturing three others. They then planted IEDs in the adjoining palm groves, correctly believing that the military would launch a massive manhunt. One soldier was killed and three others were injured when an IED went off in a field. Two weeks later, the Islamic State claimed in a video that it had killed the three captured soldiers. Other patrols in Mahmudiyah have been hit by attacks involving roadside bombs followed...

Author: /time Magazine | Title: The Enemy's New Tools in Iraq | 6/14/2007 | See Source »

...then there is the British palate. Despite the excitement generated by its launch, nobody's expecting Whole Foods to transform the way Britons eat. "It's quite an experience - I'm going to come back when I want to indulge in healthy food and salads," said Lucy, a 23-year-old stylist visiting Whole Foods for the first time. "But I still like...

Author: /time Magazine | Title: Whole Foods Hits the Land of Mushy Peas | 6/14/2007 | See Source »

...Chicago Archdiocese succeeds in a new push, Scherschel will soon be joined by many more homegrown members of the clergy. Beginning July 1, the church will launch a drive to find more of them, using the 500 or so active priests across the city and suburbs to help spread the word. Roughly a dozen full- or part-time priests will work Chicago's 80 neighborhoods and northern suburbs much like recruiters for the police or fire department or any business group would. Schools will be visited in the 364 local parishes, as well as public and private institutions, colleges...

Author: /time Magazine | Title: The Search for Homegrown Priests | 6/10/2007 | See Source »

...means thinking of the arts alongside the natural sciences, social sciences, and humanities as central to Harvard. President-elect Drew G. Faust has made one of her priorities the planning for a much stronger theater and visual arts presence. Binding Allston to Cambridge would be a powerful way to launch that vision...

Author: By Peter L. Galison | Title: Allston Dreams | 6/7/2007 | See Source »

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