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...earful. Richard Parkus, an analyst at Deutsche Bank, said he thought two-thirds of all commercial real estate loans due in the next few years - hundreds of billions of dollars' worth - could go bust. Jeffrey DeBoer, president of trade group the Real Estate Roundtable, fretted that problems in the lending business could cost the nation thousands more construction and real estate jobs. Next up, Congressman Jerrold Nadler of New York expressed worry that the country was headed for a lost decade of economic stagnation...

Author: /time Magazine | Title: Commercial Real Estate — the Economy's Anvil | 5/29/2009 | See Source »

...Prisoners plotting escapes have found that a cell phone can be just as valuable as a pair of bolt cutters. "I had an inmate escape from one of my prisons just this week, and guess what he used to get his ride - a cell phone," says Richard Subia, assistant director for California's Division of Adult Institutions. "According to our investigation so far, he contacted a girlfriend by cell phone and had her pick him up in one of the local towns. We're still out searching...

Author: /time Magazine | Title: Prison Cell-Phone Use a Growing Problem | 5/26/2009 | See Source »

...Taliban is still to blame in most instances, using misinformation and human shields to intentionally draw civilian casualties and exploit the backlash to their advantage. Brigadier General Richard Blanchette, the coalition spokesman, says the stricter protocols have come into force down the chain of command to ensure operational decisions are fully vetted, with additional confirmation on the ground before air power is deployed. This means "taking more time" if necessary, he explains, or, if civilians are at risk, "just cancel it." While roadside incidents are trickier since they involve split-second judgment, there is a top-down emphasis on restraint...

Author: /time Magazine | Title: How Afghanistan's Little Tragedies Are Adding Up | 5/26/2009 | See Source »

...Richard Corliss' reviews from the 62nd annual Cannes Film Festival

Author: /time Magazine | Title: The Palme d'Or | 5/24/2009 | See Source »

...highly unlikely that the United States will be able to persuade or pressure Iran to forgo uranium enrichment entirely," former Bush Administration State Department official and current Council on Foreign Relations president Richard Haass recently noted. "The best that can be hoped for is a ceiling on what Tehran does - in particular, not enrich uranium to a concentration required for a weapon - and intrusive inspections so that the world can be confident of this. The outcome is less than ideal, to say the least, but it is one we could live with...

Author: /time Magazine | Title: Iran's Missile Test: A Message to Obama | 5/22/2009 | See Source »

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