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...more exceptional in their willingness to bet big on property. Mortgage debt as a percentage of the country's disposable income stood at 125% in 2006, compared to 103% in the U.S. and 71% in Germany. One reason is that British homeowners came to fervently believe that bricks and mortar almost inevitably reward investors with a juicy return. After all, the FTSE 100 share index of Britain's biggest firms rose just 2.7% in the 10 years to May, while the average house price shot up 178%, according to Nationwide. That increase produced "a massive reservoir of equity," says Lowe...

Author: /time Magazine | Title: Trouble at Home | 5/21/2008 | See Source »

...speakers. A parachute, rescued from an airdrop of food supplies and stretched over a frame of scavenged bamboo provides welcome shade in the 42-degree centigrade heat. Perched on a ledge overlooking a curve in the Helmand River, Lance Corporal Glenn McAllister whittles sturdy mugs out of green plastic mortar round cases. If it weren't for the guns, the occasional boom of an outgoing mortar round, and the Taliban forces surrounding Zeebrugge, the setting would almost seem like a beachside bar - without the beer. "All we need now is some sand," muses Collins. "Maybe we should push down...

Author: /time Magazine | Title: Jelly Doughnuts at the Hotel California | 5/20/2008 | See Source »

Still, at Under Armour's modest bricks-and-mortar headquarters on the Baltimore waterfront, it's pretty much all about the shoes. Plank and Peck are sitting at a table, talking kicks. "People know you're real when you're focused," Peck says, when asked if Under Armour's specialized trainers exclude a swath of potential customers--like weekend warriors and the average Joe who just wants something, anything, for the treadmill. Plank is preaching: The brand has proved itself in apparel and cleats and is ready for the next step. "We've paid our dues," he says. True...

Author: /time Magazine | Title: Under Armour's Big Step Up | 5/15/2008 | See Source »

...Nouri al-Maliki set out to break the back of the Mahdi Army in March, when he launched an offensive against areas the militia controls in the southern city of Basra. The Mahdi Army fought Iraqi forces to a standstill there while unleashing a daily hail of rockets and mortars on the Green Zone that left al-Maliki's government effectively the ones under siege. And when U.S. and Iraqi troops tried to press into Sadr City to chase the militia's mortar men and rocketeers, they barely managed to establish a foothold on the southern edge of the neighborhood...

Author: /time Magazine | Title: Al-Sadr Wins Another Round | 5/11/2008 | See Source »

...bureaucratic frenzy to supply their political masters something that could be made to look like plausible intel. An interrogator insists that nothing useful could be obtained by the often sexually charged ?techniques? employed in a prison that was a sordid, antique, ill-situated (it was almost daily under mortar fire), ill-equipped and ill-supplied. He also - very tellingly - observes that when the truth about Abu-Ghraib came out, no one above the rank of Master Sergeant was ever successfully prosecuted for any of the obviously illegal activities that went on in the prison...

Author: /time Magazine | Title: Standard Operating Procedure: Too Much Style? | 4/24/2008 | See Source »

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