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Florida, like many of America's biggest states, can be frustrating to traverse. Driving between such major cities as Miami and Tampa is a back-numbing haul; flying between them, especially at the exorbitant fares many airlines charge, often seems impractical. And as the peninsula state's population has exploded in recent years - Florida is set to pass New York as the nation's third largest state - its road and air corridors have become more gridlocked and eco-unfriendly. Which is why Floridians voted in 2000 to build a high-speed bullet-train service between Miami, Tampa and Orlando...

Author: /time Magazine | Title: U.S. Stimulus Puts Bullet Trains on the Fast Track | 6/22/2009 | See Source »

...Still, for the long haul, Lockhart thinks it would be a bad move to permanently nationalize the two firms. Instead, he prefers returning them to the private market, perhaps in the form of something close to a public utility that would charge a fee to homeowners or lenders to subsidize lower mortgage rates...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...including the legendary and doomed NeXT Computer, where he was wooed by Jobs. He arrived at Apple in 1997, about the time Jobs returned from exile and, as one of Jobs' trusted lieutenants, ran the hardware side of the company. The candy-colored gumdrop iMac he built helped haul Apple back from the brink. When Jobs decided that Apple should make a digital-music player, it was Rubinstein who discovered a tiny hard drive at Toshiba's research labs that would be the soul of the new machine: the iPod. (See the top iPhone applications...

Author: /time Magazine | Title: The Pre: Palm's Plot to Take on the iPhone | 6/15/2009 | See Source »

...migrant laborers who schlep across town from their quarters in the suburbs to work sites across town, with their drills and saws strapped to their bike racks. Police stations are often fronted by a row of blue and white patrol e-bikes. Delivery workers from McDonald's and KFC haul plastic cases stuffed with Big Macs and fried chicken to office parks. "At first, I picked an e-bike because I couldn't stand the sickening smell of gas from my scooter," says Zhang Dengming, 50, a construction supervisor in Shanghai. "But after a while, I realized that e-bikes...

Author: /time Magazine | Title: On the Streets of China, Electric Bikes Are Swarming | 6/14/2009 | See Source »

Baltic Index president Jeremy Penn cautions that shipping rates can sometimes fluctuate dramatically, and are often driven by specific factors such as carrier availability in key locations. Indeed the current boost is best explained by Chinese steel production demand and a shortage of the Capesize vessels to haul the iron ore. Penn notes that it is not yet clear whether the core manufacturing that is turning again in China is linked to coming export demand or domestic infrastructure investment. "There are always quirks in the pricing," he notes. "And at the moment it seems a very China-centric market." (Read...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

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