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...grew up in such places. While Moroccan authorities claim to have eradicated terrorism cells in the country's most depressed urban areas, millions of residents remain cripplingly poor. Unemployment in the slums stands at 32%. And the illiteracy rate of 64% is more than 10 points higher than the rest of Casablanca's. (See video: "Financial News from...

Author: /time Magazine | Title: What Chicago Can Learn from Morocco's Ghettos | 7/19/2009 | See Source »

...furloughs will only cover approximately a quarter of the UC deficit. The rest will come from a 10% increase in tuition, debt refinancing and dramatic budget cuts at individual UC campuses, as testimony to the Board of Regents from the system's chancellors revealed on July 15. At UC Berkeley, according to Chancellor Robert Birgenau, campus libraries will be closed on Saturdays and will no longer stay open 24 hours during final exams (a longtime campus tradition). He said UC Berkeley is "the only university among our competitors whose faculty are taking a furlough," adding that faculty salaries already...

Author: /time Magazine | Title: California's Crisis Hits Its Prized Universities | 7/18/2009 | See Source »

...Senate, and White House officials do not expect concrete legislative action until late this year at the earliest. That means that both the White House and Congress can expect many more months of needing to explain why it is O.K. for Wall Street to be thriving while the rest of the country, and much of the world, is suffering. As Gibbs explained on July 15, when asked about the big Wall Street paydays, "It is something that continues to be a great concern...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...final say would rest with Icelandic voters, who will eventually decide on accession in a national referendum. Although opinion polls currently show around 70% of Icelanders backing the launch of E.U. accession talks, there is still time for voters to change their minds about joining. But whatever the outcome, Iceland has already destroyed its myth of splendid isolation...

Author: /time Magazine | Title: Iceland's Urgent Bid to Join the E.U. | 7/17/2009 | See Source »

...companies step up their presence in other markets to compensate. "People in the region are watching Turkey closely," says Ratte, who is due to take her anti-smoking campaign to Egypt next. "It could become a regional role model, like Ireland was for Europe or New York for the rest...

Author: /time Magazine | Title: Lights Out: Turkey is Next to Ban Smoking | 7/17/2009 | See Source »

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