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...There has been in the past, but less so nowadays. But it's a different situation. You must remember that in most of the Islamic countries, the level of literacy is low. Second, the degree of freedom of expression is very limited, so you can't expect the same kind of outpouring of interest and response to that interest as there is in the Western world...

Author: /time Magazine | Title: Q&A: Bernard Lewis on Islam's Crisis | 9/20/2008 | See Source »

...back to be beginning, to being a do-nothing. At this point, there is a greater risk from mass redemptions - like a run on the bank - than there is from a rash of money funds declaring that their assets have gone bad. Money market funds are designed to be low risk, and by law are allowed to invest only in government bonds, certificates of deposit, short-term IOUs issued by companies, and other highly liquid securities - though, unlike the similarly named "money market deposit accounts" found at many banks, they're not FDIC-insured...

Author: /time Magazine | Title: Feds Back Money Markets: Is Your Fund Safe? | 9/19/2008 | See Source »

...Chan, a low-income housing activist in New York, has been struggling to help residents of subsidized buildings in New York, but says it is an uphill battle in a city where market rates are far above what HUD would provide a landlord or property developer. "What happens is that some buildings go straight to market rate and tenants must negotiate some alternative to the increase," she says. "Sometimes there are vouchers that are issued to help, but that isn't true for all cases...

Author: /time Magazine | Title: Low-Income Housing: Another Crisis Looming? | 9/19/2008 | See Source »

...still believe they can profit by remaining in the subsidized housing game. Mark Carbone is the head of the division of New York-based Related Properties that deals with affordable housing. He says his company is well-financed enough to weather the current housing bust and continue to offer low-cost dwellings. "When we've had the opportunity to opt out, we've chosen to stay in," says Carbone, whose company has holdings in several states. "It doesn't mean we've forfeited a great deal of profit." He says with a strong cash flow, there is no need...

Author: /time Magazine | Title: Low-Income Housing: Another Crisis Looming? | 9/19/2008 | See Source »

...leadership battle inside the centrist Kadima Party erupted when Prime Minister Ehud Olmert was pressured into resigning by his party after police said he faced a possible indictment for alleged fraud and bribery. Even before the corruption scandal broke, Olmert's standing in the polls was abysmally low; blamed for a disastrous military campaign in Lebanon in 2006, his approval rating sank to 3% in the war's aftermath and remained in the single digits. At an exhibition hall in Tel Aviv rented by Kadima on election night to handle the media and party faithful - and where press outnumbered supporters...

Author: /time Magazine | Title: Livni Wins Party Vote to Succeed Olmert in Israel | 9/18/2008 | See Source »

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