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...says the canel will attract tourists, provide cheaper freight transport and stimulate economic development in the interior. Environmental groups and opposition politicians are calling the project a boondoggle, although Lee insists the $16 billion project can be privately funded so that taxpayers won't have to pick up the tab. "Obviously, [the canal] would help the economy," in part because it would employ tens of thousands of construction workers, says Kim of SERI. But "no one is sure about its profitability," he adds...

Author: /time Magazine | Title: Can South Korea's President Deliver? | 2/25/2008 | See Source »

...military is hardly starving. The Pentagon's proposed 2009 Defense Budget is twice the size of the budget President Bush inherited from Bill Clinton. Even without the nearly $200 billion for the wars, the $515 billion tab is on par with the defense budgets of World War II. "Today, free-flowing funding has fundamentally undermined all budget discipline in the Pentagon," says Gordon Adams, who oversaw military spending from a senior post in the Clinton White House...

Author: /time Magazine | Title: The Air Force Reaches for the Sky | 2/22/2008 | See Source »

...beer production costs have risen thanks to the rains that drowned hops and barley yields. For many pubs, serving food has become the key to survival. The Office of National Statistics indicates that Britons spend an annual $60 billion on alcohol in bars, while the nation's eating out tab amounts to $84 billion. Food now accounts for 37% of the sales of the Mitchell & Butler chain, compared with beer...

Author: /time Magazine | Title: Why the Pub Is Empty | 1/28/2008 | See Source »

...study by the U.S. Department of Agriculture found that families earning at least $70,200 a year spent $269,520 raising one child--and that's just until the age of 17. Tack on four years of college, and you're looking at a nearly half-million-dollar tab for each, or almost $3 million for six. "If you sit down and write out the numbers, nobody would have children," scoffs Jen Reid, 37, a stay-at-home mom in Berwyn, Pa. "You would scare yourself out of it every single time." She and her husband Charlie, 43, apparently...

Author: /time Magazine | Title: For a Few, the More Kids the Merrier | 12/6/2007 | See Source »

...Paris prior to his presidential win in 1995. Along with several concurrent investigations still underway involving Chirac, the suspected embezzlement of municipal funds was allegedly part of a wider system to finance Chirac's political party, and provide salaries and services to party officials on the city's tab. The case in which Chirac was officially placed under investigation Wednesday involves the recruitment of people to fill vague "project leader" positions for City Hall - positions, justice officials allege, that often involved minimal job duties...

Author: /time Magazine | Title: France's Chirac Under Investigation | 11/21/2007 | See Source »

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