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...filed in the first nine months of this year, and an additional 19,000 properties were taken back by lenders. In many areas in and around the tri-county area of Miami-Dade, Broward and Palm Beach, the value of property has plummeted so much that in some instances, banks are willing to take less than one-third of a property's value just to staunch the flow of money being spent on taxes and condo fees for unoccupied units. For example, Zalewski the grave dancer is looking at purchasing a 1,800-sq.-ft condo with floor-to-ceiling...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

When Palestinian security forces moved into the lawless West Bank towns of Jenin and Nablus, all they had to worry about were the armed criminal gangs who had been shaking down shopkeepers and stealing cars - it didn't take long to wrest control from the thugs. But Hebron, where 600 Palestinian forces rolled up over the weekend in shiny new white pick-up trucks, is far more dangerous, because it is a stronghold of Hamas and also the base of an extremist Jewish settler community. The Islamists see the new paramilitary unit as a U.S.- and Israeli-built proxy force...

Author: /time Magazine | Title: Palestinian Forces in the Hebron Minefield | 10/28/2008 | See Source »

...behind the new Palestinian security force - whose months of training by Jordanian police was supported and funded by the U.S. State Department, with a U.S. security coordinator, General Keith Dayton, acting as adviser to the Palestinians - is to persuade skeptical Israelis that Palestinians can ensure security inside the West Bank, a first step in building trust that would allow Israel to turn over control to the Palestinian Authority as part of any peace agreement. So far, the plan has succeeded: The streets are safer for ordinary Palestinians, and Israelis have more confidence in their Palestinian security counterparts...

Author: /time Magazine | Title: Palestinian Forces in the Hebron Minefield | 10/28/2008 | See Source »

...settlers or military, which could lead to a backlash against the U.S.-sponsored security force. Says a Hamas spokesman: "We are opposed to the Palestinian security apparatus. Its aim is to serve Israeli interests by arresting Hamas activists." But with Israeli forces raiding suspected Hamas hideouts in the West Bank every night, the Islamists may not have the weapons and men to strike back...

Author: /time Magazine | Title: Palestinian Forces in the Hebron Minefield | 10/28/2008 | See Source »

...western sides of Hebron, away from direct contact with the settlers. But lately, Jewish extremists have been straying from their gated outposts and attacking Palestinian shepherds and families harvesting the olive groves. "We're not worried," says Gen. Diab Ali, commander of Palestinian security forces in the West Bank. "We are counting on the Israeli army to control the settlers." One senior Israeli officer concurs. "The Palestinians won't be close to the settlements. They'll be confronting Hamas, and this is in our best interests." The Palestinian forces, says Ali, will try to quell drug trafficking, car theft...

Author: /time Magazine | Title: Palestinian Forces in the Hebron Minefield | 10/28/2008 | See Source »

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