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...slow," Sheikhli says of the rehabilitation efforts. "But we need time to do it the proper way. At the maximum, two or three years from now people will start to feel the benefits." But as to how many people in Sadr City's streets will respond to the government's current pace remains in question. For two straight blocks in sector 11, where over a dozen buildings in a row look as if they have been hit by a wrecking ball, residents are not so hopeful. Saadi warns: "The government has misjudged the situation in Sadr City. They...

Author: /time Magazine | Title: Rehabilitating Sadr City | 6/30/2008 | See Source »

King Abdullah's seemingly generous offer of a billion dollars from OPEC countries (plus $500 million from his own treasury) to help poor countries cope is also nothing to be grateful for. It amounts to backdoor price discrimination: charging different customers different amounts to extract the maximum from each...

Author: /time Magazine | Title: The Oil Follies? Our Fault | 6/26/2008 | See Source »

...been kind to Euro2008, and Wednesday it washed away Switzerland's chances of advancing, following a 2-1 defeat to Turkey in a match played in man-the-lifeboats conditions in St. Jakob-Park in Basel. It was a cruel fate for the co-hosts, who put out maximum effort in both of its matches and got nothing to show for it. And the wash-out was just the beginning for Swiss fans: by the end of the week all their ethnic cousins in Europe's soccer heartland were faring far worse than predicted after Germany lost to the Croats...

Author: /time Magazine | Title: Euro 2008: the Hosts' Fates Diverge | 6/14/2008 | See Source »

...with any electric car is the strength of its battery, and GEM has a good one. You can drive for up to 30 miles on a single charge, and repowering the battery takes six to eight hours, using any standard outlet. A GEM won't win a drag race - maximum speed is 25 mph, though with a surprising amount of pep. I took a four-seat GEM for a test ride through New York City's Central Park. Check out my experience here...

Author: /time Magazine | Title: When Electric Cars Hit the Fast Lane | 6/13/2008 | See Source »

...there are sometimes hidden costs in the fine print, interest payments not due for months, especially when the outrage is calculated for maximum political effect. And that outrage came back to haunt Barack Obama Wednesday when Jim Johnson, the man running his vice presidential search team, stepped down after the Wall Street Journal reported that he had received preferential deals on mortgages because he was friendly with an executive at Countrywide Financial, which has been tied to the subprime foreclosure crisis. "Jim did not want to distract in any way from the very important task of gathering information about...

Author: /time Magazine | Title: The Outrage Game Bites Obama | 6/11/2008 | See Source »

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