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...Unless you're in the market for a pair of modestly priced loafers, Marikina Shoe Expo may not sound like a promising destination. But while you can always visit for bespoke leather brogues or inexpensive PVC pumps, this U-shaped compound, nestled in Manila's sprawling Cubao district, offers more than just footwear. Built in the 1970s, at the behest of the Philippines' footwear-loving former First Lady Imelda Marcos, who wanted to promote local shoemakers, it seemed on the brink of dereliction when its original tenants began to close down due to cheap Southeast Asian competition. Rents plummeted...

Author: /time Magazine | Title: The X Factor: Manila's Footwear Expo | 8/12/2009 | See Source »

...individuals, but as Gates admitted, “few people are born great leaders.” As Harvard students, selected for our abilities and given every advantage, we should be expected to become stewards for the rest of our society. However, this cannot happen on a wide scale unless the University, its administration and its culture, begin to cultivate a new ethic of leadership. We are given knowledge and power, but we are afraid to be openly conscious of ourselves as leaders, perhaps out of noblesse oblige or a fear of seeming arrogant...

Author: By Jeffrey J. Phaneuf | Title: We Who Never Set a Squadron in the Field | 8/11/2009 | See Source »

...available from traditional sources has been decimated by the financial crisis. Therefore those who are in a better position ought to do more than they normally do. So I continue all the programs of the Open Society Institute. This is additional, and it's something I would not do unless we were in such an exceptional situation. Hopefully it won't be necessary to do it again. (Read "The Case for Bigger Government...

Author: /time Magazine | Title: Billionaire George Soros' Private Stimulus Plan | 8/11/2009 | See Source »

...Dougherty, a rookie haggler in Williston, N.C., asked for - and received - 10% off a $4,000 John Deere lawn mower at Lowe's, even though the sale offer had expired. Dougherty, who works in the aerospace industry, told the rep he had his checkbook ready but would walk away unless he got the deal. "Hell, $400 is $400," he says. "It was kind of a trip I pulled that...

Author: /time Magazine | Title: In the Recession, Shoppers Are Becoming Hagglers | 8/10/2009 | See Source »

...Unless Iran responds positively to President Obama's offer of talks on its nuclear program by next month, it could face what Secretary of State Hillary Clinton calls "crippling sanctions." That was the message from Administration officials touring the Middle East in recent weeks. And it's backed by congressional moves to pass legislation aimed at choking off the gasoline imports on which Iran relies for almost a third of its consumption, by punishing third-country suppliers. It sounds impressive and, for an undiversified economy like Iran's, potentially calamitous. But a number of Iran analysts are skeptical that...

Author: /time Magazine | Title: Sanctions Unlikely to Stop Iran's Nuclear Quest | 8/10/2009 | See Source »

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