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...state that worshipped condo-flippers as great entrepreneurs, it was all a house of cards waiting to be blown down when the housing bubble burst. Now that it has happened, those Floridians who haven't left the state had hoped their officials might change the way they do things - or at least not attend a Kentucky Derby party hosted by the same FPL honchos lobbying them for a rate hike, as a Florida Public Service Commission director has admitted to doing a few months ago. But if Miami and Florida officials can't get their acts together, they can probably...

Author: /time Magazine | Title: Behind Florida's Exodus: Rising Taxes, Political Ineptitude | 9/2/2009 | See Source »

...Arab actors in a commercial for halal food in France. A first in its own right, the ad is already a remarkable sight on French TV. But even more surprising is the reaction it's gotten - or, rather, hasn't gotten. In a country that's usually quick to burst into outrage over the spread of Islam into secular society, these halal-food ads have been playing without a peep from the public...

Author: /time Magazine | Title: Halal Ads Hit French TV | 9/2/2009 | See Source »

...Austrian girl was abducted at age 10 and held for eight years in a windowless cellar by her abductor, Wolfgang Priklopil. She ran away in August 2006. Yet upon learning that he had thrown himself in front of a train a few hours after she escaped, she reportedly burst into tears. "All I can say is that, bit by bit, I feel more sorry for him," Kampusch said in a 2007 documentary intended to mark her first year of freedom, calling Priklopil a "poor soul - lost and misguided." (Experts note that because they are especially vulnerable and impressionable, children...

Author: /time Magazine | Title: Stockholm Syndrome | 8/31/2009 | See Source »

Dick Fuld was warned. Years before Lehman Brothers tumbled into bankruptcy, roiling markets and setting off a string of massive bailouts, underlings informed the investment bank's CEO that Lehman should get out of real estate before the credit bubble burst. Fuld ignored them. So while the bank's chief loaded up on overpriced property from the 31st floor of Lehman's New York City headquarters, his bond traders were downstairs shorting shares of mortgage brokers. Lawrence G. McDonald was one of those traders, and in his rendering of Lehman's demise--nimbly told with novelist Patrick Robinson--the bond...

Author: /time Magazine | Title: The Skimmer | 8/24/2009 | See Source »

...back of the head, the kind of deliberate execution-style pattern often meant to send a message. One of the Billings' adopted special needs children, an autistic boy who was in the couple's bedroom where they were killed, told investigators via sign language that "bad men" burst in and told Billings, who briefly struggled with them, "You're gonna die." Melanie, 44, was shot twice in the chest and three times in the face...

Author: /time Magazine | Title: The Pensacola Adoptive Couple's Murder: A Hit? | 8/22/2009 | See Source »

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