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...Chancellor Angela Merkel's home state, Mecklenburg-Vorpommern, is the poorest region in Germany with a 24% poverty rate; one of the richest is the picture-postcard pretty Black Forest region, with a poverty rate of only 7.4%. According to the report, the massive gulf between rich and poor doesn't only exist between regions, but within them, too. The northern areas of the state of Bavaria have a poverty rate of 15%, more than double the 7% rate in Munich, in southern Bavaria. (Read about Merkel in the TIME...

Author: /time Magazine | Title: New Report Reveals the Depth of German Poverty | 5/25/2009 | See Source »

...demean anyone. What were you trying to say there? I think the handful of people who disagreed with this song really misunderstood what the record was about. What I'm talking about is getting money. I was really trying to point out that Arabs have one of the richest cultures in the world, not just from a monetary standpoint but also a spiritual standpoint. In the United States and North America, we're not really identified with a particular faith. We don't really have a culture that anyone can identify with because America is a mixture taken from everyone...

Author: /time Magazine | Title: Rapper Busta Rhymes | 5/19/2009 | See Source »

...point: Uniqlo, the local entry in the segment, seems to be doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever...

Author: /time Magazine | Title: In Japan, Fast Fashion Rules in Slow Times | 5/18/2009 | See Source »

...live in a desert might not dig hockey (especially if their team doesn't win regular-season games, let alone Stanley Cups). When the 'Yotes' owner filed for bankruptcy protection last week, Balsillie offered a win-win proposition: He would buy the club and move it to the richest and most ardent hockey market in the NHL - southern Ontario. There, the team would not only most assuredly pack their arena nightly, but with constant fan support, they might be able to realize the dream of those two words that're music to any league owner's ears...

Author: /time Magazine | Title: A Friend of the Hockey Court | 5/14/2009 | See Source »

...sixties and seventies, little else but “radicalism” would suffice to convince such college functionaries that an opinion is indeed deeply held. It may ultimately be that some limited quantity of layoffs is a necessary evil in this economic storm, but at the richest university in the world, the “radical” and irresponsible thing would be to not make a stink about...

Author: By Max J Kornblith | Title: Why I’m Pro-Protest | 5/10/2009 | See Source »

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