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...people simply looking for a place to live, though, deals abound. The house that the Robertses finally bought - with three bedrooms, granite countertops and textured walls - had been listed at $315,000 before its owners fell into foreclosure and the bank took over. The Robertses paid $169,000. "We never thought we'd be able to have such a nice house," says Jillian happily...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...speculative real estate investments and construction booms have led more and more families to forgo this ages-old tradition of living together, called “saath-saath” in Hindi. Likewise, the family business is no longer the only source of livelihood for sons, since alternative opportunities abound. But some attribute even this modern move away from the “family as necessitated for economic stability” mantra to the timeless strain in extended family relations as a whole. The Ambani’s are perhaps not unique in their recent disputes, but only in their...

Author: By Ashin D. Shah | Title: Divide | 8/10/2009 | See Source »

...what the soldiers might have to fight is hard to pin down. Although claims abound of cross-border grenade and mortar attacks, Bestayev, the Ossetian villager from Dmenisi, said he had not heard or seen any incidents at the base of the foothills that mark the border. The soldiers sitting by their armored personnel carrier make a vague claim they had had mortars fired on them a week ago, but that the shots were uphill and off the mark. A lieutenant who has served six years in the border guards said he had not seen any attacks with...

Author: /time Magazine | Title: A Year After War, S. Ossetia More Dependent on Russia | 8/10/2009 | See Source »

Indeed, word of mouth has made the Basij even more fearsome. Stories abound of nondescript locals getting picked up for the flimsiest reasons. One businessman says an associate of his who runs a consulting firm was dragged recently from a flight back to Tehran and then whisked away by security personnel for days of interrogation. These Kafkaesque tales have become a part of everyday life in Iran...

Author: /time Magazine | Title: On Tehran's Streets, the Basij's Fearsome Reign | 7/23/2009 | See Source »

...President hasn't forgotten about the 30 or so community colleges he visited during the 2008 campaign. These institutions are our nation's trade schools, training 59% of our new nurses as well as cranking out wind-farm technicians and video-game designers - jobs that, despite ballooning unemployment overall, abound for adequately skilled workers. Community-college graduates earn up to 30% more than high school grads, a boon that helps state and local governments reap a 16% return on every dollar they invest in community colleges. But our failure to improve graduation rates at these schools is a big part...

Author: /time Magazine | Title: Can Community Colleges Save the U.S. Economy? | 7/20/2009 | See Source »

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