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...most contested ground in this part of Iraq. Insurgents move with relative freedom in the area, planting on average four roadside bombs a day while unleashing periodic hails of small-arms fire, rocket-propelled grenades and mortar shells in the direction of the small base. Four guard towers stand roughly 100 paces apart at corners of the outpost, framing a walled-off patch of muddy earth littered with shattered concrete and junked vehicles...

Author: /time Magazine | Title: Mission Unfinished | 2/29/2008 | See Source »

...million profit in the last quarter of 2007, up 70% from a year earlier) from transaction fees, not lending, so it doesn't have to worry nearly as much as banks do about people making their credit-card payments. Another is that the banks that own Visa stand to make more than $10 billion from the IPO--JPMorgan Chase alone should clear $1 billion--and they need the money...

Author: /time Magazine | Title: Visa Charges On | 2/29/2008 | See Source »

...WORKS: Lenders list the total amount they'd like to loan and the risk level they can stand. They can select individual borrowers who meet their criteria, or the site's Lending Match program will generate a portfolio. The mean 12.32% interest rate beats the current 3% average return...

Author: /time Magazine | Title: Hey, Buddy, Can You Spare $10,000? | 2/29/2008 | See Source »

...anthem in Pyongyang, and that the emotional power of the evening only grew from there. He was right. Several hard-bitten journalists, myself included, choked up at various points, and several orchestra members spoke of breaking down in the wings after leaving the stage as the audience continued to stand and applaud. U.S. diplomats, current and former, were euphoric. Donald Gregg, a former State Department and CIA official, who diplomats say has played a quiet but influential role in getting the Bush Administration to engage with North Korea, said he "has rarely seen North Korean officials seem more friendly...

Author: /time Magazine | Title: The Ballad Of Kim Jong Il | 2/28/2008 | See Source »

Even Odinga and Kibaki, who seemed irreconcilable just weeks ago, decided that enough was enough. On Thursday, Kibaki said, "Kenya has room for all of us if we enhance peace and tolerance ... today I stand before you to give a solemn commitment that I will be on the forefront to protect that peace...

Author: /time Magazine | Title: Will the Peace Deal Stick in Kenya? | 2/28/2008 | See Source »

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