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...candidate to directly rebut Giuliani's claim that he knows more about terrorism and foreign policy. "Give me a break," says Biden, who has served on the Senate Foreign Relations committee for 32 years and has been to Iraq seven times. "I'm more qualified than him by a mile." He calls Giuliani a "semidemagogue" on terrorism and criticizes him for mischaracterizing the threat. "I think he gets away with this because the most catastrophic event in modern American history saw him at the base of a building demonstrating some personal courage and taking command." But this is no time...

Author: /time Magazine | Title: Behind Giuliani's Tough Talk | 8/22/2007 | See Source »

...long term. Now, as they endure the heart-wrenching saga of slowly losing their homes, the whole neighborhood suffers: according to a study by Dan Immergluck at the Georgia Institute of Technology, a house loses 1% of its value for each foreclosure within an eighth of a mile...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...July, after the two Bear Stearns hedge funds first ran into trouble, bond guru Bill Gross of Pimco wrote a foreboding investment outlook, pointing out that hedge funds tied up in trading are the top layer of the problem, not the root. That can be demonstrated in the Mile High City and, as Gross wrote, "in the Summerlin suburbs of Las Vegas, Nevada, and in the extended city limits of Chicago headed west towards Rockford, and yes, the naked (and empty) rows of multistoried condos in Miami, Florida." It's a big problem. How big, we're still waiting...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

Rosell has spent the past four months living at a small ANA base in eastern Afghanistan, about a mile (1.6 km) from the Pakistan border, part of a new program to embed U.S. soldiers with Afghan companies to ease the transition to full independence. It's rough work. For the first month of their deployment, the troops had no showers. Snow, mud and rain dogged every patrol, and landslides caused the collapse of a couple of barracks and a chow hall. The post's remote location meant that food supplies flown in by helicopter were sometimes delayed--and when they...

Author: /time Magazine | Title: Taking Aim At the Taliban | 8/16/2007 | See Source »

...international consortium led by Shell and the Russia's state-owned Gazprom, is spending $20 billion to mine the waters around Sakhalin; one executive says the island could eventually become as important to the industry as the Gulf of Mexico. SE is finishing a pair of underground 500-mile pipelines down the spine of the island that will deliver oil and natural gas to the one of the biggest liquid natural gas (LNG) terminals in the world, from which it will be exported to the energy-hungry economies of East Asia. Unlike the rest of Russia, unemployment on Sakhalin...

Author: /time Magazine | Title: Hell Frozen Over is Red Hot Again | 8/14/2007 | See Source »

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