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...their teens, Kim and Scott had both dealt drugs. Kim's brother is in jail. But whatever sorry state they fell in or led themselves to and however catastrophic their lot that last weekend in August 2005, these soul survivors radiate a faith that is deep, sustaining and perennially, impossibly hopeful. They don't pick fights with the police, soldiers and bureaucrats who were AWOL during the storm and who offer little help after it. Kim and Scott are unfailingly courteous. They believe that when disaster strikes, everyone's a victim...

Author: /time Magazine | Title: Soul Survivors | 8/21/2008 | See Source »

...York Bailouts: Bad For Business Rather than reassuring stock markets, a government offer to assist U.S. mortgage lenders Freddie Mac and Fannie Mae has spooked investors, who fear that a big government loan or purchase of corporate debt could devalue their own shares. Stock prices for both companies fell sharply in August, while Freddie was forced to sell $3 billion in debt at its highest borrowing costs in a decade...

Author: /time Magazine | Title: The World | 8/21/2008 | See Source »

...when the government of what was then Serbia and Montenegro approached him in 2004 with an idea to privatize an old Austro-Hungarian-era arsenal not far from Kotor, Munk met Djukanovic and says he "fell in love" with him. Djukanovic lent him a government helicopter to look at the site: "It was mind-blowing," Munk recalls. "I saw these frigates and warships and submarines and thought that here a superyacht would feel right at home...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...summer version of snowboard cross - the frenzied, TV-friendly race that debuted in Torino in which racers zip down the mountain while navigating tricky jumps and dodging each other. Remember Lindsey Jacobellis, the American who was yards from a gold before she hot-dogged it off a ramp and fell...

Author: /time Magazine | Title: Beijing Gives BMX a Ride | 8/19/2008 | See Source »

...power lies with Musharraf's most devoted political enemy, former Prime Minister Nawaz Sharif - the man Musharraf overthrew in 1999, who now leads the second-largest party in the coalition government. Keen observers of Pakistan's turbulent years could not help but notice the irony. When Sharif's government fell, delighted Pakistanis poured onto the streets to cheer the army's intervention. Now the tables have turned. The civilian coalition government has faced down the former general, and recent opinion polls establish Sharif as the country's most popular politician...

Author: /time Magazine | Title: In Pakistan, Musharraf Bows Out | 8/18/2008 | See Source »

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