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...global downturn has hit Egypt's growth. "The big problem is that it will slow job creation, and we can't afford that," Boutros-Ghali says. But, he adds, there's no reason to panic just yet: "We have a comfortable balance of payments and reserves." With a little luck, Egypt may escape the "pointy end" of the IMF's policies this time...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...good as the New York counterterrorism infrastructure is, it may have been helped by luck. It's impossible to know how far Cromitie might have gone if he had not reached out to the FBI informant. "Terrorist plots are most vulnerable when the terrorists have to go outside their group for help," says Burton. Lacking the "terrorism tradecraft" to build explosives themselves, the plotters had no choice but to seek help, and "that greatly increased the chances they would be caught," he adds...

Author: /time Magazine | Title: Newburgh 4: 'These Guys Picked the Wrong Town' | 5/22/2009 | See Source »

...Good luck with that. Right, because where they are now, you know, who knows where they'll be in two years, right? They're good now, and we want to make sure they're good in two years, and then you take another two years, and another two years. I think that's how I approach ... how I'm approaching my family now, how I'm approaching my work here. I do the best that I can every day, and be prepared to change ... because change is inevitable, and don't get too wedded to anything, because something else might...

Author: /time Magazine | Title: Interview with the First Lady | 5/21/2009 | See Source »

...market for U.S. gaming companies has in the last 18 months become a money-sucking crap shoot. Recession and the global credit crisis have turned some bottom lines red, while major new projects have been shelved due to lack of financing and an uncertain business outlook. The latest hard-luck story: MGM Mirage. This week, the Las Vegas-based company disclosed that New Jersey gaming industry regulators object to its Macau joint venture partner, raising the possibility that MGM Mirage could pull out of the market. (Watch a video about Macau's gambling boom...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...layered and absorbing portrait of how the actor's personal life differed from his public persona. Levy paints Newman not just as a movie star but as a determined entrepreneur, family man and racer - a man who admitted mistakes as he made them, took advantage of good luck when it came his way, and did his best to turn both personal fortune and tragedy (his son died of a drug overdose in 1978) into productive public causes. Most Americans are well aware of Paul Newman the actor, but Levy makes a compelling case that there's much more...

Author: /time Magazine | Title: Paul Newman: A Life in Movies, Theater and Salad Dressing | 5/20/2009 | See Source »

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