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The idea behind the Macquarie model is to borrow a lot of money cheaply, buy infrastructure assets with a guaranteed cash flow, then sell those assets to the public, letting shareholders take over the debt. Macquarie and imitators like Australia's Babcock & Brown make money at every step, with fees...

Author: /time Magazine | Title: End of the Toll Road? | 10/16/2008 | See Source »

• He attended public school before receiving degrees from Yale (B.A. in 1973) and M.I.T (Ph.D in 1977). In 1976 he briefly worked for the central bank of Portugal as part of his doctoral coursework • Married to economist Robin Wells

Author: /time Magazine | Title: Paul Krugman | 10/13/2008 | See Source »

The image is emblematic of work that appears in Franklin's new book, Footprint: Our Landscape in Flux, a remarkable exploration of the human impact on Europe's terrain. It's much more than just a catalog of environmental degradation. Franklin, 52, and a Magnum photographer for more than 30...

Author: /time Magazine | Title: Europe's Changing Places | 9/17/2008 | See Source »

Sure, most of these wines were overly simple, and I could get a much better bottle for the money from Spain or Portugal, but I got to try several grapes I'd never heard of. Chambourcin is being used on the East Coast to make weird, interesting reds. And I...

Author: /time Magazine | Title: Fifty States of Wine | 8/28/2008 | See Source »

Non-English-speaking countries have been simplifying their spelling for centuries: Spain, France, Germany, Russia, Norway, Ireland, Indonesia and Japan, among others, have all instituted such reforms; Portugal in May amended its spelling to follow the simpler Brazilian rules. Since 1755, when the English language was standardized in Samuel Johnson...

Author: /time Magazine | Title: Making an Arguement for Misspelling | 8/12/2008 | See Source »

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