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...Road Ahead Brussels has okayed the Greek austerity plan but warned that it will be subject to unprecedented monitoring. Joaquin Almunia, the European Commissioner for Economic and Monetary Affairs said Athens' targets were "ambitious" but "achievable." Importantly, Greece managed to raise about $11 billion in its first postcrisis bond offering on Jan. 25. But relief was short-lived. Within days the spread over 10-year German bonds, the European benchmark, reached a record high. The bottom line: until the Greek government delivers results, the pressure...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

Sports-shoe manufacturers would do well to take a lesson from the old rickshaw runners (called jiin-riki) in Japan. They wore tabis, or mittens for the feet, with treaded rubber soles, which provided protection against stones, glass and nails in the road, as well as traction on ice or in mud. The snug fabric portion provided support and prevented chafing. Most modern sport shoes are too heavy and become uncomfortably hot, causing the feet to swell...

Author: /time Magazine | Title: Inbox | 2/15/2010 | See Source »

...seems a bit naive about men? It's not just that she never fathoms Mapplethorpe's deepening fascination with S&M. She lives for a while with a member of the '70s arena band Blue Öyster Cult, until she discovers--surprise!--that he messes around on the road. She has an affair with the playwright Sam Shepard, who handles her with care but neglects at first to mention his wife...

Author: /time Magazine | Title: Patti Smith and Mapplethorpe: Bohemian Rhapsody | 2/15/2010 | See Source »

...Jens Moberg, the head of Better Place Denmark, says the company is aiming to have the first cars on the road in Denmark by the second half of 2011. Within one year, he expects the number of vehicles to be "in the thousands," and by 2020, he believes there will be more electric cars sold in Denmark than combustion-engine cars. "We've managed our business in a responsible way and the Danish government has said we want to support this," he tells TIME. But he knows there's also an inherent risk in being first, particularly when it involves...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

...replace them at switching stations in the amount of time it takes to fill a tank of gas. Better Place says the stations - which will reportedly cost about $500,000 apiece to build - will eventually stock several different batteries to accommodate all the various car models on the road...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

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