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...tension and business failures in the wake of the subprime crisis, and wider signs that the U.S. has or is entering into recession. But plummeting investor confidence in the American economy has only accelerated the greenback's erosion, which in a little over two years has depreciated from $1.1826 per euro in January, 2006 to Thursday's $1.56. The result is that products manufactured by companies paying euro-fixed salaries and supplies wind up in stores with dollar-denominated price tags looking prohibitively expensive to shoppers...

Author: /time Magazine | Title: Europe Longs for a Weaker Euro | 3/13/2008 | See Source »

Precious Hope In the real Botswana, Minghella already had a good approximation of McCall Smith's red-dust Eden. This country of 1.8 million is one of Africa's success stories. Since independence in 1966, it has maintained a robust growth rate, and per-capita gdp reached a comparatively healthy $11,000 in 2006. Botswana's diamond wealth has fomented no coups or conflict, and the last assassination was in the 1960s when a tribal chief's brother shot his older sibling. Population growth is under control, and the country's schools, and its green tourism in the Okavango Delta...

Author: /time Magazine | Title: Magical Mystery | 3/12/2008 | See Source »

...collecting particles from the plumes of gas and water vapor bursting out of Enceladus at approximately 800 miles per hour, scientists hope to better understand the composition of the moon's surface in contrast to its interior - scientists believe that some of the plumes' water-ice particles emerge from within the moon and some bounce off its surface. Scientists also want to know whether there is any liquid water - an essential component to supporting life - below the moon's iced surface. "The thing that makes Enceladus so exciting is that all of the ingredients you would need to support life...

Author: /time Magazine | Title: Is There Life on Saturn's Moon? | 3/11/2008 | See Source »

...Last week details were published on the Internet of a secret report by the Parliament's own internal auditors that revealed a catalogue of scams used by some MEPs to pocket portions of their annual grant of $295,000 per member to hire office staff...

Author: /time Magazine | Title: The Stink of Fraud in Brussels | 3/11/2008 | See Source »

...actually gave them our base map, and we were probably the first municipality to give them that data," says Per Kristensen, Nanaimo's chief technology officer. "Over time, that has just continued to increase." Nanaimo is betting that embracing Google, the ubiquitous search engine that has become the starting point for most internet searches, will be good for tourism...

Author: /time Magazine | Title: How Google Earth Ate Our Town | 3/10/2008 | See Source »

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