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Countries aren't supposed to go bankrupt. Governments, after all, are funded by the tax revenues of entire economies, and, since they manage nations, they're not likely to evaporate, Enron-style, in a sudden financial flame out, or close up shop and flee their creditors. That's why lending money to states is considered the surest bet around. Reputation aside, however, politicians abuse their ability to borrow just like any spendthrift with too many credit cards, and often pile up more bills than they can handle. Argentina, Russia, Mexico and others have stiffed their bankers over the past...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

...Fahl have been at Wellspring for nearly six months and have lost 72 and 82 lb., respectively. Fedorchalk dropped eight dress sizes - from a size 22 to a 14 - and although she's still considered obese at 219 lb., for the first time in her life she can shop at what she calls "skinny people" stores. She counts fat grams obsessively and adheres to her diet whenever she's at a restaurant. On a recent visit to an Olive Garden, it took her 20 minutes to find something on the menu she could eat. She is also exercising regularly. "Whenever...

Author: /time Magazine | Title: Does Obesity Rehab for Kids Work? | 3/1/2010 | See Source »

...local bank, which in turn hurts the local businesses and the community as a whole, then all parties will be much more meticulous when it comes to making financial decisions. Real estate agents who aim to make a profit will have less incentive to be deceptive because they will shop at the same small businesses that will require loans from the local bank to operate, which in turn will require the homeowners to be current on their mortgages to lend out more money...

Author: By Patrick Jean Baptiste | Title: A Global Economy | 2/25/2010 | See Source »

...sacked by Alexander the Great - to watch costume parades of ancient Persian soldiers, down Château Lafite-Rothschild 1945 and sleep on Porthault linen in tents designed in Paris. In 1971, even a 5-year-old can feel the aggressive glamour of the Shah's regime. Nearly every shop and office has a picture of the hawk-faced Shah and his beautiful Empress, Farah. My favorite is the one where the Empress wears an ermine robe, and a crown twice as big as any queen's in my fairy-tale books...

Author: /time Magazine | Title: The Middle East: A Time to Remember | 2/22/2010 | See Source »

...growth, it's almost business as usual in Doha, the capital. Just ask Kevin Lamb, assistant dean of Carnegie Mellon Qatar. Located in Education City, a gleaming new complex under construction on the outskirts of the capital, his school is one of six American universities that have set up shop in the country over the past few years. Thanks to the deep pockets of the Qatari government, Lamb has more space in the college's new building than he knows how to use. "It's an administrator's dream," he says. Or ask Oliver Watson, director of Doha...

Author: /time Magazine | Title: The Lessons of Dubai | 2/22/2010 | See Source »

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