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Dates: during 2000-2009
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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 »

...Along with the rest of Ireland's public-sector workforce, she faces a probable wage cut in December when public spending is expected to be slashed in the budget in a bid to reduce Ireland's gaping deficit. "No one even knows if [NAMA] will work because it's never been done before," she says. "All I know is that it won't be the developers or bankers who'll be feeling the pain if it all goes wrong." (Read "Ireland's Economy: Celtic Crunch Time...

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

...roundtrip, he wonders if the cheaper seeds are worth the effort. What he really requires, he says, is better infrastructure to make him less dependent on the monsoon. Mandase believes that he might need a deeper well and electricity to run a pump - investments he could never afford on this own. In lieu of that, Mandase, with the local monsoon spotty, can only pin his hopes on divine intervention. In late July, Mandase visited a Hindu temple near his village and offered a coconut to the gods. He then split it, left half on the altar and took the other...

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

...diverse areas. "They are creating communal pods that cannily preserve a white-bread world," he observes, "a throwback to an imagined past with 'authentic' 1950s values." Like Sacha Baron Cohen, Benjamin can lull people into saying the most appalling things, as with a new friend who tells him, "I never know what to call you. So when I'm around my buddies, I just use the N-word." The author's conclusion: while explicit racism is no longer acceptable, segregation is on the upswing. Racial refugees won't be able to outrun reality, says the author; by 2042, whites will...

Author: /time Magazine | Title: The Skimmer | 10/26/2009 | See Source »

...never one for verbal restraint, calls its hit Sunday-night cartoon block Animation Domination. And there is one animator who dominates it: Seth MacFarlane, the writer - producer - voice actor who calls the toons on three of the four shows. It's a turnaround for MacFarlane; Fox canceled his Family Guy in 2002, then brought it back after it proved hugely popular on DVD. In 2005, Fox added MacFarlane's American Dad, a war-on-terrorism-era CIA spoof. This fall came The Cleveland Show, TV's unlikeliest spin-off since The Ropers, focused on Family Guy bit character Cleveland Brown...

Author: /time Magazine | Title: Family Guy Offers Hyper Animation, in Triplicate | 10/26/2009 | See Source »

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