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...your clock by, and the printing of Friday night football scores in every hamlet across the land is in no guise the highest form of civic duty. The newspaper industry certainly was, however, one of the plumpest cash cows in the landscape of American business for numerous decades. As local newspapers survived on classified advertising, the economics of the industry invariably led to a monopoly paper emerging in literally every local market as the strong got stronger. Warren Buffett compared owning the resulting enterprise to owning slot machines...

Author: By Kiran R. Pendri | Title: Futurology 3 | 3/30/2009 | See Source »

Naturally, this proposal would not meet with universal approval, especially since students are not the only customers to whom these restaurants cater. Restaurateurs argue that such a policy would be unfair and harm the local economy by pushing out profitable business. Lawmakers, however, must adopt a longer-term view. In 2000, the cost of treating diseases resulting from obesity—measured in insurance costs, Medicare, and Medicaid—came to the grand sum of $117 billion. These are costs that come back to affect all Americans in the form of rising insurance premiums and a struggling health-care...

Author: By Bilal A. Siddiqui | Title: No More Fries With That | 3/30/2009 | See Source »

Eyewitnesses told reporters that the attackers approached the premises from four directions, moving in groups of three or four. The attackers began hurling grenades before shooting the trainees on sight. Local television footage later showed bloodied bodies of uniformed trainees lying on the parade ground. Survivors of the initial assault were shown crawling to safety. The attackers then entered the three-story building, spraying bullets indiscriminately. "I jumped from the second floor," an injured police officer later told reporters. "There were dead bodies all over the place." (See pictures of the surviving attacker from the Mumbai massacre...

Author: /time Magazine | Title: Pakistan Attack Raises Fears of Spreading Terrorism | 3/30/2009 | See Source »

...buildings and worked their way into the besieged facility. Fierce gun battles ensued as they sought to push back the attackers. In scenes reminiscent of the three-day siege of Mumbai's luxury hotels, there was a relentless exchange of gunfire, with ammunition crackling loudly in the background. The local area, Manawan, near the Wagah border with India, was placed under curfew as local residents fled the area...

Author: /time Magazine | Title: Pakistan Attack Raises Fears of Spreading Terrorism | 3/30/2009 | See Source »

Moments later, Interior Minister Malik appeared on local media to hail the operation as a success. Some of the attackers were captured alive, he said, adding, "I can confirm one man, who was caught outside the building when he tried to throw a grenade." The heavy teargassing had slowly pushed the gunmen up to the top floor, where they were holding some 35 police hostages. Malik said the hostages were released and four of the attackers killed. Three of the men were killed by snipers, Rao Iftikhar, a government official, said...

Author: /time Magazine | Title: Pakistan Attack Raises Fears of Spreading Terrorism | 3/30/2009 | See Source »

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