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Although Latin America attracts nowhere near the foreign direct investment (FDI) that Asia or even Eastern Europe does, competitiveness is on the rise among South America's ABC countries--Argentina, Brazil and Chile. Like most other Latin countries, the ABCs were pulled on the economic torture rack during the 20th century between socially negligent capitalism and fiscally profligate populism. But today they lead a potent common market, Mercosur. (Chile is an associate member.) And while each has a leftist President--Chile's Michelle Bachelet is also a socialist--the ABCs are spelling a model, "pragmatic socialism," says Jerry Haar...

Author: /time Magazine | Title: Latin America's Peculiar New Strength | 11/15/2007 | See Source »

This telltale flicker is easy to spot even from a small, ground-based telescope. So Charbonneau is setting up an array of eight 16-in. (40 cm) telescopes on Mount Hopkins, near Tucson, Ariz., and pointing them over and over at the 100 closest M-dwarfs to see if their light dims in a repeating pattern. If it does, he won't have long to wait: a habitable M-dwarf planet would have a "year" only three or four days long, so transits would happen all the time. Things will get even easier in 2009, when NASA launches a satellite...

Author: /time Magazine | Title: Discovering Planets Just Got Easier | 11/15/2007 | See Source »

...needn't worry. The Airbus isn't flying over water today. It isn't flying anywhere. Jammed into a suburban backyard near Indira Gandhi International Airport, its nose and tail jutting over the property's walls, the plane offers the adventure of air travel without the cost--or even the travel. Its passengers, most of whom have never been on a plane before, pay up to $4 each to join the jet set for a few hours. India's skies may be busier than ever these days, as a raft of budget carriers have made flying in India more affordable...

Author: /time Magazine | Title: Postcard: New Delhi | 11/15/2007 | See Source »

...young Steve--the defining epiphany of his youth--was Disneyland, which opened near his family's home in 1955. In the book, Martin describes the park's kitsch splendor with the rapture of Marco Polo on first seeing China. There, he quickly located two mentors: Jim Barlow, performing sleight of hand at Merlin's Magic Shop, and at the Golden Horseshoe Revue, Wally Boag, a comic who made funny balloon animals. From them came the raw material for Martin...

Author: /time Magazine | Title: Steve Martin, a Mild and Crazy Guy | 11/15/2007 | See Source »

...active-adult communities are the same, of course, and in many cases, their location determines what they offer. Trilogy at the Vineyards, near San Francisco, for example, has a wine-country feel to attract locals who don't want to give up the Napa lifestyle and émigrés who want to adopt it. Anthem Ranch, near Denver, takes advantage of its ski-country site, making it easy for residents to hit the slopes or hike the mountains...

Author: /time Magazine | Title: Not Your Mother's Retirement Community | 11/15/2007 | See Source »

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