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...blood-soaked corner of the Middle East contested by Israelis and Palestinians really believed the cease-fire declared by Islamic militants two months ago would hold. But that hardly mitigated the shock at the brutality that ripped it apart last week. On Tuesday night a suicide bomber blew himself up aboard Bus No. 2 as it carried many ultra-Orthodox Jewish families home from prayers at Jerusalem's sacred Western Wall. A bomb laced with ball bearings killed 20, wounded 100 and left searing images of tiny corpses on stretchers, screaming toddlers with scorched faces and hysterical parents...

Author: /time Magazine | Title: Road Map To Hell | 9/1/2003 | See Source »

Proponents of the policy hope that it will boost energy independence, but not everyone thinks that's a good idea. Because so much of the American gross domestic product is involved in the coal, petroleum and nuclear industries, walking away from them would set off severe economic shock waves. "The grid is a $360 billion asset," says Clark Gellings, a vice president of the nonprofit Electric Power Research Institute. "It's literally a national treasure." Gellings believes that decentralization will play some role in the energy industry of the future, but he thinks it will always be a minority player...

Author: /time Magazine | Title: Blackout '03: Getting By Without the Grid | 8/25/2003 | See Source »

...best way for home buyers and refinancers to cushion themselves against rate shock during closing is by signing, as Levine did, an agreement with lenders that guarantees a specific rate for 30, 45 or 60 days. Yet in this mercurial environment, borrowers who want to lock in still may find themselves locked out. Lenders stop accepting lock-in guarantees while they are changing rates. And lately mortgage companies that typically update rates once a day have been adjusting them several times daily. "You quote people a rate, and by the time you can lock it in, it's expired," says...

Author: /time Magazine | Title: Money: Locked In...or Out? | 8/25/2003 | See Source »

...weeks in Amsterdam, I’d hoped nothing would shock me—in fact, it was something of a goal. I had a sense that there was something inherently judgmental in shock at the spectrum of humanity. I’d decided that interest was a more appropriate stance—one that didn’t moralize and didn’t pretend to a categorical normality...

Author: By Irin Carmon, | Title: Down to Earth | 8/15/2003 | See Source »

...absinthe, behave brazenly and rudely to strangers in bars; to play mindgames with thieving landlords; to hop trains and planes solo, to abandon compulsive scheduling, at least for a time—it taught me something that despite an abstract knowledge of it, still managed to come as a shock: Harvard is not the entire world...

Author: By Irin Carmon, | Title: Down to Earth | 8/15/2003 | See Source »

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