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...close their doors whenever they like. That means Saturday nights usually start around midnight and at some of the best-known clubs - such as Berghain, which Britain's DJ Mag this year named as the world's best club - keep going until the following afternoon. There's always a risk that gentrification will spoil the vibe. One of the biggest haunts in the early 1990s was Tresor, a subterranean space near Potsdamer Platz. The club shut down when the area was turned into a giant shopping mall. The Love Parade, an annual techno festival that drew as many...

Author: /time Magazine | Title: Hip Berlin: Europe's Capital of Cool | 11/16/2009 | See Source »

...recent months, the FHA has suspended eight of its lenders, hired its first chief risk officer and taken other steps to beef up its controls. But some bad calls - whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will...

Author: /time Magazine | Title: FHA: Housing's Safety Net Begins to Fray | 11/14/2009 | See Source »

...what happened here as a catastrophe, but I see it as an opportunity," says Recht as he toys with a mannequin wrapped in mounds of black knitted Icelandic wool. A gust of wind from the nearby rocky shore taps on his glass door. "When you have nothing, why not risk everything...

Author: /time Magazine | Title: Iceland's Fashion Designers Flourish in the Downturn | 11/14/2009 | See Source »

Every year, hundreds of migrant workers arrive at makeshift sapphire and ruby mines near Pailin, Cambodia, risking their lives to unearth gems in the landmine-ridden territory. Soon, however, they could be the ones to put millions of others at risk. On the Thai-Cambodian border, a rogue strain of malaria has started to resist artemisinin, the only remaining effective drug in the world's arsenal against malaria's most deadly strain, Plasmodium falciparum. For six decades, malaria drugs like chloroquine and mefloquine have fallen impotent in this Southeast Asian border area, allowing stronger strains to spread to Burma, India...

Author: /time Magazine | Title: In a Malaria Hot Spot, Resistance to a Key Drug | 11/14/2009 | See Source »

...February predicts that if nothing is done in the next two decades, "resistance to artemisinins will be approaching 100%." And if that happens, it won't be long until the resistant strain spreads from Cambodia's precious gem mines to Africa, putting half the world's population at risk of catching what would be an untreatable, deadly disease...

Author: /time Magazine | Title: In a Malaria Hot Spot, Resistance to a Key Drug | 11/14/2009 | See Source »

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