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Ronnie Biggs, the former fugitive who helped stage Britain's "Great Train Robbery" in 1963, has been released from prison, marking the end of a criminal saga that has played out over 40 years and across four continents...

Author: /time Magazine | Title: 'Great Train Robber' Freed from Jail | 8/7/2009 | See Source »

Biggs and 14 other men robbed a Royal Mail train of 2.6 million pounds (about $67 million in today's terms). The gang, which included an antiques dealer, a boxer and a florist, beat the train's driver unconscious with an iron bar; the victim never worked again and died seven years later. Biggs was sentenced to 30 years in prison for his part in the incident, but he escaped after 15 months by scaling a 30-ft. (9 m) wall and jumping into a furniture van. After more than 35 years on the run in Australia and Brazil, Biggs...

Author: /time Magazine | Title: 'Great Train Robber' Freed from Jail | 8/7/2009 | See Source »

...group that represents 4,500 recyclers across the country. Because of the way dealers must destroy each clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle...

Author: /time Magazine | Title: What Happens to the Clunkers Traded In? | 8/4/2009 | See Source »

True, the bulk of bank lending is going to things like roads, bridges and high-speed-train lines that, in theory, should stimulate economic activity and enhance productivity for years to come. But some high-profile works such as the $10.7 billion Hong Kong-Macau-Zhuhai Bridge have been criticized as unnecessary vanity projects, while others are said to be wastefully duplicative - some 300 km of the Shanghai-Nanjing Intercity Railway and the Shanghai-Beijing Express Railway, for example, are overlapping routes. Some local governments have also been discovered to be faking documentation and even entire projects. (See pictures...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

...film. How did you decide who sings what? Joseph [Gordon-Levitt] and Zooey [Deschanel] had a short list of what they thought their characters would sing. Most of Joseph's were classic-rock songs that were really expensive, but I was ecstatic when we finally got the Clash song "Train in Vain (Stand By Me)" and he sang it so well, just hit it out of the park. With Zooey, I tried to get "These Boots Were Made for Walking," and we couldn't clear that one, but for the right price, the publisher said, there was another song written...

Author: /time Magazine | Title: Building the Perfect Romantic-Comedy Mix Tape | 7/31/2009 | See Source »

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