Word: manness
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...From Day 1 of his presidency, Obama has shown that he is fully engaged in crucial issues. It is very reassuring to know that America is governed by a serious man. It is also motivating to be able to tell our children that one of the planet's most influential leaders can build on rock, yet still have a compassionate heart. Aziyadé Poltier-Mutal, PULLY, SWITZERLAND...
...What? Please stop quoting U.S. college graduates like Graham Boyd - whom I would have failed in primary school - who massacre English: "Searching a backpack is dramatically different than [from] asking a student to take their [his or her] clothes off" [Verbatim, May 4]. It's, like, embarrassing, man, when you use TIME to teach people English. Frank O'Meara, L'ISLE-ADAM, FRANCE
...used because his company is in financial difficulty and he may leave the country.) Helicopters circled the event "as if David Beckham had arrived at the airport," he says. Inside, Mohamed put a down payment on an apartment, walked out the door, and sold the unit to a Russian man on the street for double his purchase price. The man paid cash. In just 20 minutes Mohamed had made $408,000. The lesson: "In Dubai, you can throw your ethics and economics textbooks right out the window, because the rules just don't apply...
...less oil to tap, Dubai has used low taxes, easy money and cheap Asian labor to transform itself into one of the region's most dynamic economies. The city state developed a kind of signature swagger, expressed most gaudily in the gargantuan real estate projects - an indoor ski slope, man-made islands shaped like palm fronds, the world's tallest building - that have turned a sandy sliver on the Gulf into one of the world's fastest-growing cities. (See 10 things to do in Dubai...
...fall, some $75 billion worth of real estate projects have been suspended and canceled in Dubai, according to a report by the local branch of HSBC bank. Business journal the Middle East Economic Digest puts the figure at more than $300 billion. Postponed developments include the World, a luxury man-made island community designed to resemble a world map, and Dubailand, a theme park planned to be twice the size of Florida's Disney World. Housing prices have fallen 20%-40% from their peak in late 2008, and about 30% of the city's existing real estate space is lying...