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...more than a week now, Spaniard Oscar Pérez has been alone on the wall of ice and rock that is Latok II. The 33-year-old mountaineer fell while attempting to summit the notoriously difficult peak in northeast Pakistan's Karakorum range, breaking his leg and possibly his wrist. Unable to get him down unassisted, his climbing partner, Alvaro Novellón, left Pérez with supplies and went for help. But a combination of bureaucracy, complicated logistics and poor weather impeded search efforts, and it wasn't until Aug. 14, a full six days after...

Author: /time Magazine | Title: A Daring Mountain Rescue in Pakistan is Called Off | 8/16/2009 | See Source »

...Pérez and Novellón, both experienced alpinists from Spain's mountainous province of Huesca, began their first attempt of Latok on July 27. A collection of four rocky peaks renowned for their extreme technical difficulty, the mountain group is considered one of the most challenging in the world - some alpinists believe it is even more difficult than the more famous Himalayan peak K2. When bad weather forced them to abandon their attempt to summit Latok I, the two retreated to their base camp. (See pictures of Mount Everest...

Author: /time Magazine | Title: A Daring Mountain Rescue in Pakistan is Called Off | 8/16/2009 | See Source »

...stock market is up nearly 50%. Many bulls say there are hundreds of billions of dollars sitting on the sidelines that will come in, pushing the market higher. Do you agree? We've been through a secular bear market that really began in 2000. Adjusted for inflation, the S&P 500 is down 65% since then. We've been through the worst 10-year period of stock returns on the S&P in the history of American equities. But I think we saw the bottom of the secular bear market [at the March lows]. My view is that the money...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...things is 71% over 17 months. The current rally in the U.S. and Europe has been about 42% over the last five months. We've gone up faster than most rebounds, but not as far. After the rally is over, I can imagine a trading range for the S&P 500 of 1400 to 700 [the S&P 500 is currently near 1000]; that could last for five or 10 years, until we really see how we come out of this thing...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...start gorging to prepare for the long flight." The result is a fattened liver that, while smaller than conventional foie, is delicious enough to have won France's prestigious Coup de Coeur award. "That," Sousa likes to say, "really pissed the French off." (Read "Fight for Your Right to P...

Author: /time Magazine | Title: Can Ethical Foie Gras Happen in America? | 8/12/2009 | See Source »

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