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Dates: during 2000-2009
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Edda Rós Karlsdóttir, a senior director at Landsbanki, says Iceland's peculiar macroeconomic conditions pose the biggest challenge to maintaining investor confidence. With so few potential depositors at home, the nation's banks have little choice but to raise capital abroad. Furthermore, the size of Iceland's economy - the U.S. economy is roughly a thousand times larger - has always made it volatile, partially explaining its much-discussed $2.7 billion current-account deficit. "If my father decides to build a garage onto his house, it will almost show up in national accounts," she quips. So imagine...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...even further. They built interactive light sculptures from neon. They produced a series of photographs in which Rob used a revolving camera to capture impressions of light and color from landscapes around the world. They painted tiny oil abstracts, photographed them and blew them up to 50 times the size of the originals before destroying the paintings. It was the photos that would be the art, after all. The paintings? Merely a means to it. "All the work is about light, color and form," says...

Author: /time Magazine | Title: The Carters | 5/29/2008 | See Source »

...entomophagists have yet to win many converts, they've definitely earned the curiosity of the crowd, which huddles beneath a tent to watch Gordon and Gracer in a bug cook-off. Gordon serves his crickets orzo with tarantula tempura, which he makes by frying a fist-size arachnid. (I skip the spider. I like my job, but not that much.) It's Gracer who takes first prize, however, with a series of dishes, including a tasty salad with Queen Atta ants, stinkbugs and, best of all, waxworms, whose popcorn-size larvae are meaty and flavorful. But I don't look...

Author: /time Magazine | Title: Eating Bugs | 5/29/2008 | See Source »

...Others suggested that the lobbyist problem will make fund raising even harder and has slowed the efforts to scale McCain's lean, insurgent campaign to the size he and his party will need to win in the fall. Back in 2004, Bush built a massive top-down hierarchy that brought a corporate efficiency to politics. The McCain model, by contrast, has been designed to reflect McCain's insurgent personality. While the Bush campaign channeled all decision-making through its northern Virginia headquarters, the McCain campaign has established a decentralized network of 11 "regional campaign managers," who will separately direct much...

Author: /time Magazine | Title: Team McCain: Ready for Prime Time? | 5/29/2008 | See Source »

...Well, let me restate that: the ghost of his presidency haunts the 2008 campaign. As for Carter, he certainly has not passed on; he is an active freelance diplomat and campaign consultant. In recent days he has told Hillary Clinton to "give it up" in June and estimated the size of Israel's nuclear stockpile. (Other previous Presidents have kept tactfully silent about its very existence.) Earlier, both John McCain and Barack Obama had felt compelled to denounce Carter's meeting with representatives of Hamas. Carter's almost predictable intrusions into the news have done little to sway events...

Author: /time Magazine | Title: In Carter's Shadow | 5/28/2008 | See Source »

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