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...Lenihan says housing prices need only appreciate 10% over the next 10 years for NAMA to return a profit on its initial expenditure. But predicting what's around the corner is never easy - as Ireland knows only too well. According to NAMA's draft business plan, a "prolonged property market depression" or "sluggish economic growth" could result in the failure of the scheme. Despite the risks, proponents say it's the only way to ensure that Ireland's banks start lending again. But for residents bearing the brunt of the country's economic slump, NAMA is little more than...

Author: /time Magazine | Title: Irish Angry Over Big Bailout of the Country's Banks | 10/26/2009 | See Source »

...translated into real results. Some programs already in place may prove to be flawed. But a new commitment to agriculture by the global community is clearly emerging. The latest G-8 summit of the world's largest economies, held in Italy in July, declared "there is an urgent need for decisive action to free humankind from hunger" and, citing the sector's perennial neglect, pledged $20 billion for agriculture. "Since 2007, we have seen greater attention from world leaders on food security, in developed and developing countries alike," says Kostas Stamoulis, director of agricultural-development economics at the Food...

Author: /time Magazine | Title: Back to the Land: The New Green Revolution | 10/26/2009 | See Source »

...growth target look "a bit rich." Even Thakare, with his pond, may not have enough water to plant his extra crops this year. Abusaleh Shariff, a senior fellow at IFPRI's New Delhi office, argues that allocating money is only part of the government's task. The farmers also need better training, technology and marketing opportunities. "Do we have any of these? Almost none," Shariff says. "The government program needs to be improved, and we need to devote a lot more resources." (See pictures of urban farming around the world...

Author: /time Magazine | Title: Back to the Land: The New Green Revolution | 10/26/2009 | See Source »

...think faith is a basic, irrefutable human need,” he said, drawing from his years of working with Harvard students. “There is a hunger… for something beyond our capacity to be manipulated...

Author: By JOANNE S. WONG | Title: Boston Book Festival a Nerd Paradise | 10/25/2009 | See Source »

...have shown you that the situation [for tourism] does not exist," Martínez told the journalists in El Salvador. "But what I am saying is, Please don't forget us, because we are going to solve this crisis. And once we do, we are really going to need your help...

Author: /time Magazine | Title: Honduran Tourism: Selling Against a Coup | 10/24/2009 | See Source »

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