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...spring of 2007, Fred Wilpon, the owner of the New York Mets, accompanied his team on a visit to the wounded troops at Walter Reed Army Hospital. Wilpon was haunted by the experience, especially by a lieutenant who had just arrived at the hospital after being severely wounded in Iraq a week earlier. The doctors said the lieutenant would have bled to death in previous wars, but the efficacy of the battlefield medical care in Iraq and Afghanistan was remarkable. "I'd say it was a miracle that kid was still alive," Wilpon says, but then he realized...

Author: /time Magazine | Title: Giving Back to Veterans | 7/3/2008 | See Source »

...world market for smart textiles is still small--about $550 million in revenue in 2008--but that could double by 2010, according to Massachusetts-based Venture Development Corp. The challenge is to fit applications to the market, says Lutz Walter, R&D manager at Euratex, a group representing the $326 billion European clothing-and-textile industry. "In the medical field, there's high value added. But to be approved as devices takes 10 years," says Walter. "In other areas, it's price: How much are consumers going to be willing to pay for a smart jogging shirt...

Author: /time Magazine | Title: Smarter Clothes | 7/3/2008 | See Source »

...Munich-based firm Giesecke & Devrient, which reportedly supplies about half the southern African country's skyrocketing needs for paper to print money, made the decision after its president received a phone call Tuesday from German Foreign Minister Frank-Walter Steinmeier...

Author: /time Magazine | Title: Cutting Off Zimbabwe's Currency | 7/2/2008 | See Source »

...extols policies designed to reach across the aisle, such as "cutting taxes" and "moving people from welfare to work." His initial choice of Washington power broker Jim Johnson to run his vice-presidential search was also traditional: Johnson had done the same job for John Kerry in 2004 and Walter Mondale in 1984. Unfortunately, Johnson was a little too old-school - his ties to the subprime loan industry forced him to resign. The campaign this month released a new roster of foreign policy advisers that includes many old, comforting names from the Clinton years, such as former Secretaries of State...

Author: /time Magazine | Title: Will 'Experience' Hurt Obama? | 6/24/2008 | See Source »

...doubt, partisan Democrats who equate bipartisan government with namby-pamby policymaking are horrified by the thought that Republicans might keep control of the Pentagon. But Gates has been neither ideological nor namby-pamby. He has demanded accountability. He fired the Secretary of the Army after the Walter Reed hospital scandal and the Secretary of the Air Force for lax stewardship of the nuclear arsenal. Early on, Gates encouraged the withdrawal of U.S. troops from Iraq; he has been one of the few Bush officials open to negotiations with Iran. He has called for a larger budget for diplomacy - "which makes...

Author: /time Magazine | Title: Joe Klein: Obama's Team of Rivals | 6/18/2008 | See Source »

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