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Despite these strong fundamentals, Iceland has undoubtedly lost some steam - and importers feel it the worst. Úlfar Steindórsson, CEO of Toyota Iceland, says that the depreciated krona raised the price of imported cars by 25% in just a matter of weeks, bringing his booming sales to a standstill. He now predicts year-on-year revenues will end 30% lower. But Steindórsson doesn't blame the government or Iceland's banks. "The crisis didn't start in Iceland - it started in the U.S.," he says. As he sees it, the international dimension of the credit crunch...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...survival is not just a product of luck. We can do far more than we think to improve our odds of preventing and surviving even the most horrendous of catastrophes. It's a matter of preparation - bolting down your water heater before an earthquake or actually reading the in-flight safety card before takeoff - but also of mental conditioning. Each of us has what I call a "disaster personality," a state of being that takes over in a crisis. It is at the core of who we are. The fact is, we can refine that personality and teach our brains...

Author: /time Magazine | Title: A Survival Guide to Catastrophe | 5/29/2008 | See Source »

...festival site and dedicated to telling the story of Woodstock and of the 1960s generally. A museum about Woodstock was probably inevitable. Those three days of peace, love and mud have become the baby boomers' version of the Trojan War, their collective foundation myth. It was only a matter of time before the whole thing was commemorated with interactive displays, a replica hippie bus and a gift shop...

Author: /time Magazine | Title: Taking in the Woodstock Museum | 5/29/2008 | See Source »

...building on hallowed ground is a tricky matter. After Gerry entered the picture, a preservation group sprang up to resist any construction in the bowl that held the stage and most of the crowd. In the end, the main structures were located at or just beyond the upper rim of that land, most of which remains open. The site is compromised, but nothing like the way it would have been if tract-housing developers had gotten hold...

Author: /time Magazine | Title: Taking in the Woodstock Museum | 5/29/2008 | See Source »

...holdup of a Brinks truck. Fake IDs used to rent getaway cars in an earlier robbery had been traced to a store where Dohrn worked. A grand jury wanted her testimony. She refused. Said she didn't believe in grand juries. Spent seven months in jail, and then the matter was dropped. Other charges against Ayers and Dohrn were dropped because the evidence was tainted by the Nixon Administration's illegal wiretaps. Ayers put it well: "Guilty as hell, and free as a bird. It's a great country...

Author: /time Magazine | Title: Rejecting Obama's Radical Friends | 5/29/2008 | See Source »

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