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...give the developers some credit for their tenaciousness. But this massive project, the most expensive shopping mall ever built in the U.S., has a more serious problem than its tacky exterior: the doors will open smack in the middle of the worst recession since the Great Depression. Malls are suffering a slow, painful death. The International Council of Shopping Centers (ICSC) has predicted that 73,000 stores will close their doors during the first half of 2009. Retail expert Burt Flickinger III, managing director of Strategic Resources Group, projects that 2,000 to 3,000 shopping malls and centers nationwide...

Author: /time Magazine | Title: The Last Shopping Mall? New Jersey Awaits Xanadu | 3/9/2009 | See Source »

...Developing Countries", the organization makes three critically important points. The first is that as developed nations like the U.S. go into the debt markets to finance deficits, they crowd out smaller nations which have much worse debt ratings, effectively denying them access to the capital markets. The next problem is that poor nations will need to depend more on richer ones for items that are essential such as food and medical supplies. The last point is that global industrial production could be down as much as 15% by the middle of this year, compared with 2008, making the strength...

Author: /time Magazine | Title: World Bank: Crisis Hits Developing Nations Harder | 3/9/2009 | See Source »

...that - important. Understand Qasab's story and you begin to understand why young men throw in their lot with Islamic extremists, why Pakistan may be the most dangerous country in the world, why the half-century-long dispute between India and Pakistan over Kashmir is not just a local problem, why education reform in the poor world is an issue of national security in the rich one - and why draining the swamps in which terrorism is spawned has been so difficult...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...groups, drawing their influence from Saudi Arabia's austere brand of Islam - together with the Wahhabis' South Asian counterparts, the ¬Deobandis - have gained ground in Pakistan. Soheil decries the Wahhabi focus on jihad. "Here we teach peace and love in the way of the Prophet," he says. "The problem is that the common people are not literate, so when the cleric says they will go to heaven if they do suicide bombs, they become entrapped and believe him." (See pictures of Pakistan's vulnerable North-West Frontier Province...

Author: /time Magazine | Title: The Making of a Mumbai Terrorist | 3/8/2009 | See Source »

...hidden crime, one that the 2008 U.S. State Department's Trafficking in Persons report says the Iraqi government is not combating. Baghdad, the report says, "offers no protection services to victims of trafficking, reported no efforts to prevent trafficking in persons and does not acknowledge trafficking to be a problem in the country...

Author: /time Magazine | Title: Iraq's Unspeakable Crime: Mothers Pimping Daughters | 3/7/2009 | See Source »

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