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...1950s, the city's infrastructure - its crowded subways, traffic-choked streets, aging water mains - is being pushed past its limits. City planners realize that New York is on track to gain an additional 900,000 people by 2030. If that growth isn't managed properly, the result will be an environmental and economic mess. "New York is growing, and we have to think more effectively," says Rohit Agarwalla, director of the city's Office of Long-Term Planning and Sustainability. "We can't just build more power plants. We can't just grow on the edges...

Author: /time Magazine | Title: The Big (Green) Apple | 4/2/2009 | See Source »

...there be a worse time to start an airline? OpenSkies lifted off last June, as the global economy was seizing up. Even though airlines got cost relief via collapsing jet-fuel prices, the deepening recession has caused demand for seats to fall faster than supply could be shrunk. The result: airlines are suffering, as usual...

Author: /time Magazine | Title: Open Skies Tries to Get Lift | 4/2/2009 | See Source »

...journalist who has spent the past 10 years in Colorado trying to figure out exactly what happened at Columbine High School on April 20, 1999, and why, and what the consequences were. He has read the killers' diaries, watched the surveillance tapes and interviewed many of the survivors. The result is his comprehensively nightmarish book Columbine (Twelve; 417 pages), published a few weeks shy of that grim 10th anniversary. Cullen's task is difficult not only because the events in question are almost literally unspeakable but also because even as he tells the story of a massacre that took...

Author: /time Magazine | Title: The Meaning Of Murder | 4/2/2009 | See Source »

...large part because of how PE firms are structured: they lock up investors' money for a decade and rake in 2% annual fees even when their investments tank. When they borrow money to buy a company, the debt gets stuck on the company's books, not theirs. As a result, most have been able to effectively hold their breath through the turmoil...

Author: /time Magazine | Title: Private Equity, the Giant Before the Bust, Hangs On | 4/2/2009 | See Source »

...African Americans in 1950s Chicago, buying a house was nearly impossible. Federal mortgage insurance didn't cover homes in integrated neighborhoods, making getting a loan difficult; in black neighborhoods, predatory sellers jacked up prices and forced buyers to pay outrageous monthly fees or face eviction. The resulting financial strains only compounded black Chicagoans' housing problems and drove their neighborhoods into decline. Satter, a history professor at Rutgers University, illustrates her lucid analysis of race and class on Chicago's West Side with the experiences of her father, a white lawyer and landlord who crusaded against the city's discriminatory policies...

Author: /time Magazine | Title: The Skimmer | 4/2/2009 | See Source »

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