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Rolls-Royces are typically leviathan in size and synonymous with ostentatious wealth. But the company's new Ghost model will be much more modest. A prototype of the four-door sedan that has been making the rounds at auto shows this summer is shorter and sleeker than the company's flagship Phantom limousine, making it "slightly more agile" and better for daily use, says Rolls-Royce CEO Tom Purves. It's more affordable as well, priced at just $245,000, far below the $380,000 baseline price tag for the Phantom. (See 10 things to buy during the recession...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...anniversary of the Pan-European Picnic: the opening of the border with Austria that allowed hundreds of East Germans to cross to the West. But this was preceded by many other events, such as the demonstrations by tens of thousands of people in Heroes' Square in Budapest in the summer of 1988 against Ceausescu's bulldozing of ethnic Hungarian villages in Romania, at a time when gatherings by just a handful of people were illegal. Christina Rozsnyai, SZENTENDRE, HUNGARY...

Author: /time Magazine | Title: The Legacy of 1989 | 7/27/2009 | See Source »

...down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin's attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer's war with Georgia. And then, of course, there's the global financial crisis, which has hit Russia particularly hard. On top of all the economic woes, there's a shrinking population, a military that remains something of a joke and a problem with AIDS. Plus, you still...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...bevy of charges, ranging from bigamy to sex with a child, stemming from a raid last year in which protective service officials removed more than 400 children from the Yearning For Zion compound. The trials are set to begin in October. But as every lawyer knows, this summer's crop of pretrial motions, however boring they may sound, will greatly shape the jury verdicts - or any possible plea bargains - by largely determining what is allowed to be used in the trials and what...

Author: /time Magazine | Title: Texas Polygamists Prep for Criminal Trials | 7/26/2009 | See Source »

...that, the current trouble on the tracks threatens to hit tourism - the idea of navigating Berlin without using its rail network could prove too much for some of the tens of thousands of visitors the city expects over the summer, keeping them and their holiday cash away. And the p.r. nightmare promises to get only worse when Berlin hosts the World Athletics Championships from Aug. 15 to Aug. 23. If everything goes to plan, S-Bahn will have some more trains up and running by Aug. 9 - but services won't return to normal until December. Many Berliners, including...

Author: /time Magazine | Title: Train Chaos Brings Berlin to a Standstill | 7/24/2009 | See Source »

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