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...walls, the farcical ceremony was a protest against the Franco family's private ownership of a historic home that should, in their opinion, belong to the people. Partially sharing that opinion is the government of Galicia, which recently initiated proceedings to have the pazo declared part of the region's cultural patrimony. And thus for the Franco family members, the real wedding, coming as it did in the midst of these legal wranglings, was an opportunity to assert their claim to a home they see as theirs, and theirs alone...

Author: /time Magazine | Title: The Fight over Franco's Palace | 8/12/2008 | See Source »

...That claim goes all the way back to 1938, when, with the Spanish Civil War still under way, authorities in the region organized a collection to buy the palace and give it to Spain's new dictator. Ever since, Franco and his descendants have used the sprawling compound, with its three reconstructed towers - Napoleon's troops burned the originals - and six hectares of gardens, as a vacation home. More than three decades after her father's death, Carmen, Franco's sole child, continues to summer there every year...

Author: /time Magazine | Title: The Fight over Franco's Palace | 8/12/2008 | See Source »

...lately helped drive growth in the 15 nations that use the euro. Rendered more costly by the recent strength of the currency, those exports are under pressure. The result: though inflation within the euro area stands at 4.1% - more than double the ECB's goal of 2% - the region's central bank announced earlier this month it, too, would keep rates on hold. "Both the ECB and Bank of England have been caught between a rock and a hard place," says Matthew Sharratt, an economist at Bank of America in London. "The best they can do is to leave rates...

Author: /time Magazine | Title: The Credit Crisis Spreads to Europe | 8/11/2008 | See Source »

...powering northern Ohio, should have detected the loss of that first line, but its energy management system wasn't working at the time (the company didn't know that). Higher up, the Midwest Independent System Operator's state estimator, which helps ensure reliability for several utility companies in the region, had just been taken down for troubleshooting that day, and wasn't fully back online yet, so operators were unable to get an accurate, real-time picture of what was happening to the grid...

Author: /time Magazine | Title: Can We Prevent Another Blackout? | 8/11/2008 | See Source »

...talk to the press and keep walking off to stand and talk in a circle in the orchard. But one told a reporter earlier that he had come all the way from Siberia to serve in the Russian operations across the border in Georgia and its breakaway region South Ossetia. They look like a rough, hard bunch...

Author: /time Magazine | Title: Volunteering to Kill Georgians | 8/11/2008 | See Source »

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