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...whipping boy for everything that went wrong in last year's mortgage meltdown, was facing rumors of bankruptcy after burning through an $11.5 billion credit line. Lewis had already invested $2 billion of his company's money in Countrywide, a sum by then worth half of that, but he heard Mozilo out. "He just said, 'I at least would like you to look at this company. It's a good company. I think it's time for us to do something.' He's 69 years...

Author: /time Magazine | Title: The Savior of Countrywide? | 1/17/2008 | See Source »

...Knight Frank went to Russians; Middle Easterners bought 16%. "If somebody wants to live on Belgravia's Eaton Square, there are only a handful of properties available, so they'll bid whatever it takes to get one," says Liam Bailey, head of residential research for Knight Frank. "We've heard extraordinary stories of properties that had doubled in value over two years or houses that were going for 50% more than the asking price...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...Patrick Desbois, a Catholic priest from Paris, visited Rava-Ruska for the first time, intrigued by tales he had heard from his grandfather as a boy. The older man had been a prisoner of war in the town in the early 1940s, and had told young Patrick that horrors had occurred there. When Desbois arrived in Rava-Ruska - a town of about 8,000 a few miles from the border with Poland - to learn what had happened, "it was like a black hole," he says. "There was nothing in the books." Desbois says the then mayor declined to divulge details...

Author: /time Magazine | Title: Genocide's Ghosts | 1/16/2008 | See Source »

...didn't feel I had to at the time." Things got ludicrous when Keen accused Burrell of rewriting history: "Isn't this the sort of thing that got Stalin into trouble?" (Burrell could only shake his head in disbelief, but anyone walking past the court annex would have heard roars of laughter coming from the journalists and inquest-watchers inside...

Author: /time Magazine | Title: Diana's Butler Defends Himself | 1/16/2008 | See Source »

...sending him stumbling and bleeding into the street, where one of Crider's platoons came upon him and stitched him up. Then there was the young man with a mental condition whose brother blasted him with a homemade shotgun because he wasn't taking his medicine. Crider's men heard the shot and came running. No one was really hurt and the young man is now working at a local grocery store. Then there was the time a local distinguished community leader complained to Crider's men that his son was addicted to pharmaceuticals and asked them to intervene...

Author: /time Magazine | Title: When the War Stories Have Nothing to do With War | 1/15/2008 | See Source »

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