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...finances began to fall apart. As he shuttled from one doctor to the next, his demolition business went into the tank. He was in no condition to rip old houses apart, and even if he had been, the soft economy was suffocating. Having pledged his home equity as collateral, now he was forced to sell his demolition equipment at a loss. He fell behind on his mortgage payments of $1,647 per month. His son had to leave college in Virginia to attend a school near home. His mother passed away...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...woman he has hired to investigate the whereabouts of his family—he asks, “Does Jesus Christ live only in South Korea?” He goes on to question whether he is allowed to cry if he feels his “heart ripping apart inside.” The movie’s one unequivocal asset is its cinematography. Beautiful images of Joon roaming the barren desert beneath a multicolored sunset serve to redeem some of the movie’s lesser moments. When the boy is later caught trying to sneak across...

Author: By Isabel E. Kaplan, CONTRIBUTING WRITER | Title: Crossings | 2/27/2009 | See Source »

...least since the founding of the Fed, our banking system has been a public-private partnership. Apart from a few on the libertarian right who think we'd be better off with no government involvement in banking and an even smaller group on the socialist left who would like to see complete government control of the financial system, almost everyone seems to be in favor of continuing that partnership. What confronts us at the moment is not so much a philosophical debate over nationalization as a practical discussion about how best to put the banking system back on its feet...

Author: /time Magazine | Title: Nationalizing Banks: What's All the Fuss? | 2/26/2009 | See Source »

Most things in the Maldives are comfortingly formulaic. The pashmina-soft sand, gin-clear sea and romantic villas are the very reasons people go there. But with around 90 islands to choose from, visitors also expect something that sets apart their particular piece of paradise...

Author: /time Magazine | Title: Pleasure Island | 2/25/2009 | See Source »

Alcohol can sometimes tear apart homes. But this weekend, it built them. At the Habitat for Humanity beer pong tournament in the PfoHo Bell Tower this Saturday, there was one principle—for every cup you make, God will send Stephen W. Piatelli ’10 to build a house for a poor person. FM paid the $10 entry fee and became one of the 32 teams in the tournie. Righteousness ensued. 9:30 p.m.—Game time. Our first opponents’ training and preparation? “I showered,” says Jessica...

Author: By Alexander J. Ratner, CONTRIBUTING WRITER | Title: Habitat for a hangover | 2/24/2009 | See Source »

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