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...ticket purchases. "Why pull your money out of the bank for a down payment when someone is willing to give you all the money and structure payments that initially are significantly lower?" asks Johnson. With home values increasing by double digits annually, "people began buying houses they couldn't afford under the theory that the more house you buy, the more wealth you have once it appreciates," he says. "It's kind of a Ponzi scheme on a mass scale. But there has to be an end at some point...

Author: /time Magazine | Title: California's Real Estate Tailspin | 7/27/2007 | See Source »

...public defender in Washington 20 years ago, Angela Davis defended a Jamaican immigrant against rape charges. The man had no criminal record and insisted on his innocence but was forced to stay in jail because he could not afford bail...

Author: /time Magazine | Title: Power Outrage | 7/26/2007 | See Source »

...have seen firsthand how Mbola's farming households suffer from a recurrent drought--not of water but of nitrogen and other nutrients needed to achieve a decent harvest. Previous harvests have exhausted the soil because Mbola's farmers could not afford chemical or organic fertilizers...

Author: /time Magazine | Title: What a Little Fertilizer Can Do | 7/26/2007 | See Source »

...government, is building new health clinics and rehabilitating older ones, while training local health workers in the treatment of malaria and other killer diseases. New schools are also being constructed and classrooms refurbished. Several dozen students have received scholarships to attend secondary school, something their families could otherwise not afford...

Author: /time Magazine | Title: What a Little Fertilizer Can Do | 7/26/2007 | See Source »

...Bhutto, the leader of Pakistan's biggest political party, who has been in exile since 1999, facing corruption charges. Musharraf would have to cede some power, probably by resigning his powerful post as head of the army, but could remain President while Bhutto becomes Prime Minister. He could then afford to hold free elections, since an alliance with Bhutto would give him real support in Parliament. Such an arrangement still wouldn't be democratic, and Bhutto's previous stint as Prime Minister hardly inspires confidence in her management skills. But it would make Musharraf's government more accountable and strengthen...

Author: /time Magazine | Title: How to Deal with Dictators | 7/26/2007 | See Source »

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