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...Rolls-Royce offer this kind of luxury at such a relatively cut-rate price? One place the company saved money is in the electrical and safety systems, which Rolls-Royce borrowed from its parent company, BMW. The Ghost also has a steel frame, unlike the Phantom's aluminum skeleton, making it less expensive to manufacture, although also less adaptable to customization. (Read TIME's 2007 story "Rolls-Royce: Rolling in Dough...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...even if Obama continues to apply pressure, the solution to the settlement question will have to come from inside Israel. For many Israelis, the settlements are not a matter of ideology - they simply offer a cheap place to live for a growing population. Still others see no need for settlements at all. Two opinion polls in June had very different results. In one, 56% supported Obama's position; in the other, 56% opposed it. As the settlers build, tacitly assisted by the state, activists often campaign against them. "This is about the borders of morality. Do we want to rape...

Author: /time Magazine | Title: Israeli Settlers Versus the Palestinians | 7/27/2009 | See Source »

...rules meant to keep them and their customers out of trouble. Decades of haphazard and at times heedless deregulation followed, with eventually disastrous results. The CFPA legislation envisions a partial return of the straitjacket. Among its other tasks, the new agency would devise plain-vanilla products that lenders must offer customers - but those customers could still opt for complexity. Most of us need protection, the new reasoning goes. But not quite...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

Critics, however, offer legitimate complaints about Booker's leadership. Many city workers earn a handsome living - Newark has 264 municipal employees who make $100,000 or more. Plus, during 2007 and through the first eight months of 2008, Booker signed some 160 executive orders either giving an employee a pay raise or starting a new hire at a salary above the minimum set by civil-service guidelines. Some orders gave low-level workers a more livable wage. Others were a bit gratuitous. For example, one aide went from making $107,225 to $118,607. Isn't 107 grand enough...

Author: /time Magazine | Title: Why Cory Booker Likes Being Mayor of Newark | 7/27/2009 | See Source »

...statistics don't take into account the fact that people will use the Internet over their mobile phones, which are seemingly ubiquitous even in the poorest African villages. Nor does it measure the myriad ways in which people will take advantage of speedy Internet access to create businesses or offer services that, before Thursday, would have been too costly to fund. "The demand for bandwidth can't be based on current prices and current demands," says Stork. "As soon as prices drop, many more applications come up and create more demand...

Author: /time Magazine | Title: Broadband Finally Comes to East Africa | 7/24/2009 | See Source »

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