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...people like Rudajev, staying put means learning to live without many plush perks of the expat lifestyle. The first to vanish are the generous housing allowances that many companies use to entice foreign talent overseas. "I'm beginning to see more expats downgrade to smaller and cheaper apartments," says Michael Ciola, an Australian real estate broker who caters to foreigners. The second luxury to be dropped is the private club. The cost of a transferable membership at the Singapore Island Country Club has slumped to $100,000, down nearly a third during the past 18 months, according to the Business...

Author: /time Magazine | Title: Laid Off in Singapore: Ex-Pats Have to Downsize | 3/15/2009 | See Source »

...turned back again. After a wild trip down country roads, the car crashed into a roadside ditch on the Autobahn entry ramp near the town of Wendlingen am Neckar, some 24 miles (40 km) from Winnenden. The driver managed to escape to a patrol car nearby, but the shooter vanished in the opposite direction. After killing a salesman, 36, and his client, 46, at a car sales yard in a local business area, the gunman was shot in the leg by law-enforcement officers but managed to vanish between the parked cars in the vicinity. The killing spree, which took...

Author: /time Magazine | Title: Germany Reels from Deadly School Shooting | 3/11/2009 | See Source »

...surrounding the future of asset values and the prices of complicated derivatives like mortgage-based securities, banks are hoarding money. They lack the confidence even to lend to one another. Reducing mortgage principal addresses both of those problems directly. By stabilizing the mortgage markets, much of the uncertainty will vanish. Banks' balance sheets could stabilize. And confidence may very well return...

Author: /time Magazine | Title: A Better Bank Fix: Cut Every Mortgage's Principal | 2/13/2009 | See Source »

...visible in November, just days after the presidential election, at the annual Republican governors conference Crist hosted in Miami. The centrists urged the party to obsess less about demonizing government and pressing hot-button social issues like gay marriage; the right wing warned that the party would all but vanish if it tried to be Dem Lite. But now the philosophical disputes are playing out in a high-stakes game of poker, with each side betting it will come out looking smarter when the stimulus' results are discernible. Should California and Florida, two of the states hardest...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

...peace with the Palestinians is possible, there is a new worry. In the run-up to the Gaza war, the Israeli public was constantly told that Hamas was Iran's proxy. According to some experts, Iran - whose President has said, "Israel has no right to exist and soon will vanish" - was providing Hamas with long-range and more-accurate missiles, money and training. It was a powerful argument that was repeated often in the Israeli media, to chilling effect...

Author: /time Magazine | Title: Israel's Lonesome Doves | 1/21/2009 | See Source »

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