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...Back east, the luxury condo markets that have had similarly explosive growth in Miami and New York, where high-end apartments can command from $2,000 to $4,000 a square foot, haven?t slumped yet. Still, experts say the abrupt reversal of fortune in the desert, where the mainstream residential real estate and hotel markets are still quite healthy, shows just how quickly the odds can change in even the most affluent markets if runaway speculation and overzealous development take hold. ?It?s another case of irrational exuberance,? says John Restrepo, head of a Las Vegas real estate...

Author: /time Magazine | Title: Vegas Condos Go Cold | 1/25/2006 | See Source »

Patterson says the abrupt switch has pushed her to the edge. She spent a week without medication, trying to figure out the new plan, called Medicare Part D, and then learned that under the terms of her policy, she would have to pay $308.68 for a month's supply of morphine, which she takes for her chronic pain. "I flipped out," she says. "First I was shocked, then I started crying. Now I'm just numb. I'm bipolar. I'm kind of getting depressed." Patterson sobs at the idea of borrowing money she can't pay back. "Whoever voted...

Author: /time Magazine | Title: Health: Take Two Aspirin and Read This Now | 1/22/2006 | See Source »

Cornell University named a cardiologist, David J. Skorton, as the school’s next president on Saturday, concluding a search touched off by the abrupt resignation of Jeffrey Lehman in June...

Author: By Zachary M. Seward, CRIMSON STAFF WRITER | Title: Cornell Names University of Iowa Cardiologist Next President | 1/22/2006 | See Source »

...military commanders, who have long argued that troop reductions must depend on conditions on the ground, warn against any abrupt cutbacks. "A precipitous pullout would be destabilizing," says Army Lieut. General John Vines, the top ground commander in Iraq. And the Pentagon expects a spike in violence in the run-up to the Dec. 15 election for a new parliament. But the debate over a withdrawal, spurred in part by Democratic Representative John Murtha's call two weeks ago for an accelerated departure, is now out in the open. Here are some of the key questions going forward...

Author: /time Magazine | Title: Symptoms of Withdrawal | 11/27/2005 | See Source »

...Republican House leadership to table a $54 billion budget-cutting bill. This frozen bill should not be revived; rather, it should be left in cold storage because it cuts critical social programs for the poor in order to sustain the Bush administration’s foolhardy tax cuts. The abrupt pause—debate is scheduled to resume after Veteran’s Day—came after moderate Republicans rebelled over proposals to enable drilling in the Arctic National Wildlife Refuge (ANWR) and to severely cut social programs, including food stamps and Medicaid. These funding cuts hurt the neediest...

Author: By The Crimson Staff, | Title: Bush’s Misplaced Priorities | 11/15/2005 | See Source »

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