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...During the boom years, banks lent vast sums of money to developers as property fever gripped the newly wealthy nation. But when the bubble burst with the global meltdown last year, these unpaid loans left huge holes in the banks' books and the liberal lending of the Celtic Tiger era came to an abrupt halt. To steady the ship, the government placed a blanket guarantee on deposits in six Irish banks last September. At the time, according to Finance Minister Brian Lenihan, it was "the cheapest bailout in the world." But that claim soon came back to haunt...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...recent afternoon, however, I actually met several. There was Amir, a reedy 17-year-old who sneaks out to the protests without telling his parents; Asif, a muscular 24-year-old rickshaw driver; and Muddasar, 20, with soft blue eyes and a dark red bullet wound in his left shin. Their de facto leader is Imran Zargar, 24, who spent 11/2 years in jail after one ugly clash. His police record then disqualified him from any job with the government, by far Kashmir's largest employer. Says Zargar: "I found that I had no future...

Author: /time Magazine | Title: India's War at Home | 10/26/2009 | See Source »

...pump - investments he could never afford on this own. In lieu of that, Mandase, with the local monsoon spotty, can only pin his hopes on divine intervention. In late July, Mandase visited a Hindu temple near his village and offered a coconut to the gods. He then split it, left half on the altar and took the other home to eat. The puja, or religious rite, is meant to bring rain. "All I need is water," Mandase says...

Author: /time Magazine | Title: Back to the Land: The New Green Revolution | 10/26/2009 | See Source »

France's class divisions have little to do with a split between the political right and left. The differences and animosities between the old and the new can be found across the spectrum. "Some follow the tradition of élitist French politicians and leaders like Villepin, who honor philosophy, literature and oratorical skill, and regard intellectual performance as the primary political tool," says Rozès. "Others, like Sarkozy, are distrustful of that cliquish, insider atmosphere, and define and construct themselves by action, pragmatism, doing things." (See pictures of Paris expanding...

Author: /time Magazine | Title: Sarkozy and Villepin: A Tale of Two Classes | 10/26/2009 | See Source »

...game-mapping for Kenya. There had not been elephant near the Nairobi Park area for many years; the nearest population was some 60 miles away down the Mombasa road. One night a park warden, driving from the Mombasa direction, came across some fresh elephant dung. He took some and left it on a park road where his scouts would be sure to find it on their dawn patrol. His prank was a huge success. Duncan McCormack, HAMILTON, NEW ZEALAND...

Author: /time Magazine | Title: Green Heroes | 10/26/2009 | See Source »

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