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...contest between John McCain and Mitt Romney has long resembled a horror movie, a blood-and-guts battle between a man risen from the dead and a candidate seemingly created in a lab. On Tuesday, a resurrected McCain slipped beyond the moneyed Michigan native's manicured grasp to win by five points in the Florida Republican primary and cement his status as the G.O.P. front-runner. Romney smiled through a thinly revised version of his ritual stump speech, as though the race hadn't fundamentally changed. But one could imagine what he might be thinking in the darker recesses...

Author: /time Magazine | Title: McCain Disproves the Doubters | 1/30/2008 | See Source »

...According to industry figures, a smoking ban implemented during one of the coldest and wettest summers in decades resulted in a 10% drop in beer consumption. CAMRA says energy costs rose during months when owners hadn't expected to have to pay for heat. And beer production costs have risen thanks to the rains that drowned hops and barley yields. For many pubs, serving food has become the key to survival. The Office of National Statistics indicates that Britons spend an annual $60 billion on alcohol in bars, while the nation's eating out tab amounts to $84 billion. Food...

Author: /time Magazine | Title: Why the Pub Is Empty | 1/28/2008 | See Source »

...with a GED. The higher dropout rate means those missing soldiers must be replaced, which drives up military spending because of the need to spend money recruiting, outfitting and training new troops; the cost of getting a new recruit - before he or she even arrives at basic training - has risen from $15,000 to $21,000 over the past five years. The share of new recruits - those without military prior service - with high-school diplomas...

Author: /time Magazine | Title: Army Recruiting More Dropouts | 1/23/2008 | See Source »

...class began seeking overseas investment, Hong Kong became a willing and able broker. This transition is reflected in the changing composition of the Hong Kong Stock Exchange. In 2003, Chinese companies accounted for only about 29% of Hong Kong's total market capitalization. By last September, that number had risen to over 50%. Chinese companies have made Hong Kong's stock market one of the world's most dynamic. In 2006, Hong Kong raised more than $40 billion through IPOs, second only to London, because of a rush of mainland listings...

Author: /time Magazine | Title: Beijing's Brokers | 1/17/2008 | See Source »

...lecture hall. On that late afternoon of September 12, 2006, the Pope's discourse on faith, reason and violence at the University of Regensberg, where he'd once taught theology, was greeted with long and warm applause by the audience of academics proud that their fellow Bavarian intellectual had risen to the throne of St. Peter. Only later was the lasting significance of the lecture registered: Muslims expressed outrage at references to the prophet Muhammed, and the implication that Islam was predisposed to violence, whereas papal supporters praised Benedict for the frankness of his argument in light of world events...

Author: /time Magazine | Title: Pope Cancels University Visit | 1/15/2008 | See Source »

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