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...city that knows it is a constant target for terror, the huge burst of white steam, a towering column of almost biblical ferocity, was enough to kindle several moments of panic. An underground pipe explosion near Grand Central Terminal during rush hour Wednesday evening spooked commuters and tourists alike in New York City. "The whole ground was shaking," one young woman heading away from the scene said into her cell phone. "It just came from nowhere," said another, "and then everyone was yelling, 'get out of here...

Author: /time Magazine | Title: Manhattan's Big Rush-Hour Scare | 7/18/2007 | See Source »

...this reason alone, one can forgive registrar Rosin his nervousness. While Uecker's motorized Tactile Rotating Structure, 1961, looks as if it could travel to Melbourne under its own steam, each of the works had to be wrapped in waterproof tar paper, thermally insulating polystyrene and shock-absorbent polyethylene before being packed in its own custom-built fireproof pine case. In Venice, the five boxes were lifted by crane onto a barge in front of the museum and borne to the port of Tronchetto, from where they were trucked to Frankfurt to join a cargo flight with about 50 crates...

Author: /time Magazine | Title: Peggy's Bequest | 7/15/2007 | See Source »

...Asia has fixed many of its own problems. But by being voracious buyers of U.S. government debt, the region is allowing America to live beyond its means. At some point the U.S. consumer is going to run out of steam and Asia is going to be hurt. China is especially vulnerable to being whipsawed. If the U.S. economy slows modestly, China and the region can handle the adjustment without too much pain, especially if they take the stiff medicine of currency appreciation and shift to a policy of increased domestic demand. The danger will occur if the U.S. slumps badly...

Author: /time Magazine | Title: Accident Insurance | 7/12/2007 | See Source »

...reassembled, the result is as good as new. It's not a recent concept; Reman's roots go back around 100 years to the advent of the auto industry. And vehicle parts still comprise around 75% of the global market. But the industry is diversifying and picking up steam. "The growth potential for remanufacturing is enormous," says Günther Seliger, an engineer at the Technical University of Berlin. The entire reman industry is too sprawling and amorphous to be accurately tracked - it includes products as diverse as copiers, medical equipment, compressors, single - use cameras and mobile phones. But, according...

Author: /time Magazine | Title: Born Again | 7/12/2007 | See Source »

...houses left behind by the Marwaris. Called "havelis," painting the walls and ceilings of their ancestral houses became a way for the strictly vegetarian Marwaris to show off a little. The ceiling of one such haveli, for example, shows the flute-playing Hindu god Krishna frolicking beside a billowing steam engine. A bit kitsch? Maybe, but even if the images can be trite, the hand-carved teak doors and almost accidental details of the havelis rarely disappoint. Before paints were mass produced, for example, Marwaris fermented their dyes from cow urine and plastered them onto walls while...

Author: /time Magazine | Title: The Maharajah and the Merchants | 6/19/2007 | See Source »

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