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Even by the heady standards of one of Europe's fastest growing economies, the Estonian housing firm Nova Haus was on a roll. Launched in 2004, with initial funding of just $13,000, it grew so fast that by 2006 it boasted 120 workers and a $2.5 million profit. In 2007 Nova Haus even took home the Estonian government's award for Developer of the Year. "It was crazy how easy it was," recalls Hegert Lepik, 28, a lanky economics graduate and father of two who helped found the company. "I kept asking myself: How is this possible? It almost...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

With their endless string of pearl beaches, heavenly climate and sensual bossa nova culture, Brazilians consider themselves uniquely blessed. So when the first of two gigantic oil fields was discovered off the coast near Rio de Janeiro last fall, President Luiz Inácio Lula da Silva saw it simply as further proof of a celestial bond. "God," Lula gushed, "is Brazilian...

Author: /time Magazine | Title: Lula's Way | 9/25/2008 | See Source »

With their endless strings of pearly beaches, heavenly climate and sensual bossa nova culture, Brazilians regard themselves as uniquely blessed. So last fall, when massive oil reserves were discovered off the coast near Rio de Janeiro, President Luiz Inácio Lula da Silva saw it as further proof of a celestial bond. "God," he gushed, "is Brazilian...

Author: /time Magazine | Title: Brazil Booms by Going Lula's Way | 9/22/2008 | See Source »

...founder of Mammoth, set up shop in the area quite simply because ''there are a lot of 18- to 22-year-olds who don't have much to do, who smoke a lot of pot and who eventually pick up a guitar.'' Record executives are also looking at Halifax, Nova Scotia, a five- college town with dozens of hometown bands, as well as Portland, Oregon -- Gus Van Sant-land and a grunge Mecca in the making. But formulas aren't foolproof. San Diego, with its proximity to L.A. and its image as a dumb blond of a city, would seem...

Author: /time Magazine | Title: WHERE'S THE NEXT SEATTLE | 7/21/2008 | See Source »

...very high for placing your mark on a road here. Brattle Street is named for a leading Tory general, William Brattle, who tipped off the Royal government when citizens started arming themselves in advance of the Revolution. Then he seized the rebels’ gunpowder and fled to Nova Scotia—great guy! And let’s not bother delving into the sins of Harvard’s philandering and racist former presidents, whose names adorn a multitude of Cambridge roads and University buildings...

Author: By Zachary M. Seward | Title: Get Me Rewrite! | 4/16/2008 | See Source »

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