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This is how empires rise and fall, pulling our fortunes along with them. Start with virgin territory: back in 1957, the Rosen brothers of Baltimore flew over Cape Coral, Fla., in a plane, liked what they saw, paid $678,000 for the farmland and started dredging 400 miles (640 km) of canals, which is more than Venice can claim. It was a peaceful place for old people - Cape Coma, folks called it, until about five years ago, when the gold rush began. College kids were waiting tables to buy condos and flip them; speculators got into bidding wars on unbuilt...

Author: /time Magazine | Title: The Hope in America's Foreclosure Capital | 4/2/2009 | See Source »

...more difficult to recruit, retain, motivate, and manage than any other new generation." Why? Raised by once rebellious boomers attempting to be perfect parents, Gen Yers have been coddled since birth, says the author. But given the right structure and boundaries, he says, including "specific deadlines with measurable benchmarks along the way," Gen Y will be "the most high-performing workforce in history for those who know how to manage them properly...

Author: /time Magazine | Title: Business Books | 4/2/2009 | See Source »

...from $180 million the year before, but he'll manage. The failure of a hedge fund run by Carlyle Group, another big private-equity firm, played a bit part in the March 2008 minipanic that brought down Bear Stearns, but Carlyle as a whole is still chugging along. Private equity may not be thriving, but it is at least still standing. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Private Equity, the Giant Before the Bust, Hangs On | 4/2/2009 | See Source »

...Massachusetts for four years, the majority of us will never experience the area in its own right. Bracing ourselves against the icy February winds and trudging through the snow to class somehow cajoles us into thinking we know New England life. Sure, we can complain about the weather along with the rest of the locals—but that is where the similarity ends...

Author: By Lea J. Hachigian | Title: Beyond the Harvard Bubble | 4/2/2009 | See Source »

...based musician’s most accessible album to date. After six years and numerous independently-released records, Deacon appears to have realized that a few tracks with vocals and clear pop melodies can increase an album’s popularity—even hipsters enjoy the occasional sing-along session. Like Deacon’s previous work, “Bromst” is still primarily instrumentally driven, but his sound has evolved into something catchier, lighter, and ultimately more inviting. “Build Voice,” the album’s opener, begins with a grating...

Author: By Victoria J. Benjamin, CONTRIBUTING WRITER | Title: Dan Deacon | 4/2/2009 | See Source »

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