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...text message on Thursday afternoon that gave Holley the first hint of bad news - a note saying Jackson had been rushed to the hospital. Neither he nor the crew knew how to react to the uncertainty, so they did what they always did - they went in to rehearse. Except this time, as fans all over the world from Los Angeles to New York City to Tokyo to Buenos Aires played his music, sang his songs and emulated his dance in tribute, Holley says the crew couldn't bring themselves to touch the music...

Author: /time Magazine | Title: What Michael Jackson Did on His Last Day | 6/29/2009 | See Source »

Welcome to Florida, the land of no income taxes - and killer property taxes. Whether it's a nightmare for someone who just purchased a Florida foreclosure or a tax hike that proves the last straw for some struggling homeowner, it's bad news for the individual, and increasingly for the state. It's also a painful reminder of the halcyon days when Florida's economy could lazily rely on soaring real estate prices - and related taxes - to pour ever more money into government coffers. Now local governments say they're broke, thanks to the housing bust, and many are trying...

Author: /time Magazine | Title: Florida's Property Taxes Go Wacky in Housing Slump | 6/29/2009 | See Source »

...lately the situation has gone from bad to, well, perverse. "One of the frustrating paradoxes of the recession is falling real estate markets and rising property taxes," says Kurt Wenner, research director at Florida Tax Watch in Tallahassee. A 2008 state reform, as well as another scheduled to go into effect next year, has reduced some of Florida's property-tax burden by making the cap more generous and accessible to more residents. But because of arcane provisions in the homestead law, government appraisers can tell a homeowner that although his house's current market value may be as depressed...

Author: /time Magazine | Title: Florida's Property Taxes Go Wacky in Housing Slump | 6/29/2009 | See Source »

...back of broken hearts, ruined marriages and damaged families," says Trish McDermott, a dating-industry consultant who helped found Match.com and Engage.com. "It's in the business of rebranding infidelity," she says, "making it not only monetizable, but adding a modicum of normalcy to it. AshleyMadison is making bad choices, broken promises and faithlessness look like something that's trendy and hip and fun to talk about at a cocktail party...

Author: /time Magazine | Title: Cheating 2.0: New Mobile Apps Make Adultery Easier | 6/29/2009 | See Source »

...June 1]. And it was a page that belittled India's achievement in holding the world's largest ever election, with minimal disruption and violence, and no controversies (à la hanging or pregnant chads). This election is a beacon of hope in a region that only seems to produce bad news from Nepal to Sri Lanka, Afghanistan to Burma. No wonder India is so disillusioned with the attitudes of the West. Like most people, Indians have long memories. One day, the West will come to rue this indifference toward a country that is one of very few true democracies outside...

Author: /time Magazine | Title: Inbox | 6/29/2009 | See Source »

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