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Some silly projects are sure to be built. In Long Beach, Calif., local and state officials bucked the orders from Washington. The city council unanimously approved a $620,000 skateboard-park renovation in a rough neighborhood, half-pipe and all. "It's an incredible opportunity," says local councilman Robert Garcia. "This is near and dear to my heart," noted California Senator Barbara Boxer on the Senate floor. Biden's staff has battled to kill the project behind the scenes, and the outcome is still unclear. Meanwhile, on other requests, Republicans quibbled with Biden's definition of prudent. Some $3.4 million...

Author: /time Magazine | Title: What Happened to the Stimulus? | 7/1/2009 | See Source »

...Palm Beach County, buyers who find fire-sale bargains at foreclosed-home auctions - picking up, say, $400,000 houses for $100,000 or less - are realizing they're required in many cases to pay the same property taxes if the homes were still valued...

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

...they also help drive down surrounding home prices). But in many if not most cases, people buying foreclosed homes have budgets "that can afford the taxes on a $100,000 house but not necessarily a $400,000 house," notes Brian Paul, CEO of the Realtors Association of the Palm Beaches. Of course, Palm Beach County executives take a different view. "Introducing foreclosure into the [property appraisal] equation may be an interesting idea," says John Thomas, director of residential appraisal at the Palm Beach County Appraiser's Office, but "people should remember that property assessments are made based on the surrounding...

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

...enough that Natalia Goukassian, then 21, had to spend her honeymoon in June 2006 in West Palm Beach, Fla., helping her husband Tigran find alternative treatments for connective tissue sarcoma, an aggressive cancer, or that six months later, the Air Force-enlisted man, 21, succumbed to the disease. But as it turned out, her painful ordeal had only just begun. While the Veteran Affairs Department deemed the Russian immigrant (not yet a legal resident) eligible for surviving-spouse benefits, immigration officials at Homeland Security took a very different view: at Natalia's interview for legal residence the next year...

Author: /time Magazine | Title: Will Congress End the Immigration 'Widow Penalty'? | 6/24/2009 | See Source »

...stride. Kodachrome II, a faster, more versatile version of the film, came out in 1961, making it even more appealing to the point-and-shoot generation. Super 8, a low-speed fine-grain Kodachrome movie film, was released in 1965 - and was used to film seemingly every wedding, beach holiday and backyard barbecue for the next decade. (Aficionados can check out the opening credits of the '80s coming-of-age drama The Wonder Years for a quick hit of nostalgia.) When Paul Simon sang, "Mama, don't take my Kodachrome away" in 1973, Kodak was still expanding its Kodachrome line...

Author: /time Magazine | Title: Kodachrome | 6/23/2009 | See Source »

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