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...many living in Asia, the news on Jan. 11 that an Indonesian ferry had capsized in heavy seas, with hundreds of passengers presumed drowned, was sadly familiar. In some of the region's poorest countries, passenger vessels large and small are an essential mode of public transportation used by millions of travelers a year. They are also perhaps the most dangerous...

Author: /time Magazine | Title: Asia Continues to Wrestle with Ferry Safety | 1/15/2009 | See Source »

...European holiday destination, Majorca has gone through a few reinventions. It began the last century among Spain's poorest regions, became one of the classiest vacation spots on the Mediterranean in the 1920s, exploded as a package-tourism destination in the 1970s, and ended the century as the most expensive part of Spain, a favorite hangout for stars such as Michael Douglas and Claudia Schiffer...

Author: /time Magazine | Title: Majorca, an Island of Calm | 1/14/2009 | See Source »

...soup together. The notion that misery loves company may be less about malice than about solace: that problems shared grow smaller, that courage is contagious. Is it just a coincidence that Mississippi, which typically ranks as the most generous state in charitable giving, is also the poorest? To suffer alone is a tragedy; to struggle together is an opportunity, when we find out what we really care about...

Author: /time Magazine | Title: The Recession's Big Test | 1/8/2009 | See Source »

...between Mexican problems and Mexican money; as a BBC report revealed in October, the Mexican wealth gap is the largest in the Organization of Economic Cooperation and Development (OECD), with “some parts [comparable] to Spanish or German cities, but other parts…more like the poorest parts of Africa...

Author: By Sabrina G. Lee, CRIMSON STAFF WRITER | Title: Mexico's Newest Luxury Item | 1/4/2009 | See Source »

...Payne was convicted and sentenced to 27.) The spate of incidents wasn't limited to the U.S., either. When communism crumbled in Eastern Europe, one of the earliest side effects of free-market capitalism was the proliferation of people looking to get rich quick. In Albania, under Communism the poorest nation in Europe, citizens sank some $1.2 billion dollars into pyramid schemes in 1996. When they collapsed the following year, investor outrage brought down the government...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

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