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...what's not to love? The most common gripe is populist. Tolls often skyrocket under private owners, though with the blessing of elected officials, who avoid the political costs of raising tolls or taxes themselves. That's how privatized roads deliver double-digit returns for investors and often lead to upgrades like electronic tolling. But there are other devils lurking in the details, like noncompete clauses that may prevent transportation agencies from building new roads, or the inability to use roads for economic development by, say, adding a new exit to attract businesses. Some officials get queasy about locking themselves...

Author: /time Magazine | Title: Who Really Owns the Roads? | 10/18/2007 | See Source »

...foreclosures skyrocket, a growing number of investors are becoming enamored with the idea of buying up distressed properties, doing a little rehab, and then putting the homes back on the market to turn a tidy, double-digit profit. "We call them wannabe investors," says Rob Munn, who has been buying and selling foreclosures for eight years in Tennessee and Florida. "They watch Flip This House, and think, 'I can do that...

Author: /time Magazine | Title: The Boom in Foreclosure Investing | 8/31/2007 | See Source »

...large influx of refugees returning from camps in Pakistan and from Iran, where per capita heroin use is the highest in the world, saw addiction rates skyrocket in the first few years after the fall of the Taliban. But even as the number of returnees dwindles, addiction rates continue to rise. The UNODC survey estimates that nearly 4% of Afghan adults use some kind of drug. "This goes beyond returnees," says Bayer. "The results have gone beyond expectations; no one expected use to be so high." Bayer says she has visited villages in the north of Afghanistan where the entire...

Author: /time Magazine | Title: A New Afghan Evil: Drug Addiction | 2/14/2007 | See Source »

...sounds more like a carnival barker than a business guru in his best-selling books on the basics of salesmanship: "As you study these principles, your sales will increase. As you implement these principles, your sales will begin to take off. As you master these principles, your sales will skyrocket." Step right up, folks, and make your quota...

Author: /time Magazine | Title: Barnum Would Be Proud | 2/8/2007 | See Source »

...likelihood, Chengdu and China's other interior cities will look more and more like Shanghai every year. The optimistic citizens of Chengdu, such as Liu Xindi, couldn't imagine anything else. Liu, 33, has seen his income skyrocket 20-fold since he began working 15 years ago. Now Liu, who sells ads for the local Yellow Pages, can splurge whenever he wants on his soccer shoes, badminton racquets and biking gear. But he still thinks the good times are just starting to roll. "Of course, I think my life will be better in the future," Liu says confidently. "The economy...

Author: /time Magazine | Title: Welcome to China's China | 2/8/2007 | See Source »

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