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Mending a Split City After reading "Jerusalem Divided," I can't believe that no one has put forward the obvious solution: make it a federal district similar to Washington or Canberra [Dec. 3]. Palestine and Israel could base their federal government headquarters in the city, which could be ruled by a council made up of equal numbers of Christians, Muslims and Jews. That way, the important religious shrines and places of worship would be available to all, city services would be controlled by people who actually live there, and perhaps emergency personnel would be free to respond to anyone...

Author: /time Magazine | Title: Obama on the Offensive | 12/20/2007 | See Source »

...extremely rich potential buyers and fast-growing Asian markets. Last year Rolls sold 805 Phantoms, its main model, slightly more than the previous year. Revenues were also up--the company won't say by how much--largely because of the newly introduced extended-wheelbase Phantom, which has a base price of $403,000, or $63,000 more than the standard version. Garel Rhys, emeritus professor of automotive economics at Cardiff Business School in Wales, applauds the company's performance since its acquisition by BMW: "You couldn't expect much better." In July, it rolled out the Drophead Coupe...

Author: /time Magazine | Title: How Rolls-Royce Got Its Rebound | 12/20/2007 | See Source »

...available at all. Just ask investors in Citigroup or UBS. The big Swiss bank had to take a $10 billion write-down--it had already taken a $4.4 billion hit--on the value of its "super-senior" subprime portfolio, those formerly top-rated bonds. To restore its capital base, UBS sold $8.9 billion in convertible notes to the Government of Singapore Investment Corp. (GIC) and an additional $1.8 billion to a mystery Middle East investor...

Author: /time Magazine | Title: Governments Get a SWF Financial Kick | 12/20/2007 | See Source »

...soon as he saw the trove of letters that had been discovered in a Dumpster near his home, historian Allan Berube knew he would write a book. The missives, written by gay GIs who had met at an Army base in Missouri and stayed in touch throughout World War II, told vivid stories of love, friendly nightspots and the difficulties of being gay in the military. The resulting 1990 book, Coming Out Under Fire, won Berube a MacArthur award, inspired a Peabody-winning documentary and is widely considered the definitive piece of scholarship on the subject...

Author: /time Magazine | Title: Milestones | 12/20/2007 | See Source »

...Chery Amulet," says Rustam Gubazov, a 34-year-old taxi driver in Kazan, Tatarstan's capital. Gubazov says he has owned eight cars in eight years, including four Russian-made Zhigulis. The Amulet, the top-selling Chinese car in Russia, lasts longer, he says, and it has a base price of $9,000, about 30% cheaper than one of its chief competitors, the Hyundai Accent...

Author: /time Magazine | Title: Road Test | 12/19/2007 | See Source »

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