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...from Nowheresville, the chance discovery, the lucky break, the pieces of a fabulously successful and lucrative career magically magnetizing together. (For a lengthier and smarter consideration of this topic see the late David Foster Wallace's "How Tracy Austin Broke My Heart," an extended review of Austin's Beyond Center Court: My Story collected in Wallace's Consider the Lobster.) And they have a funny mirrors-within-mirrors, mise-en-abyme effect: they pull back the smooth glossy surface of familiar images and show us the rough, grainy verso. Despite being outside the boundaries of anything remotely resembling literary quality...

Author: /time Magazine | Title: And the Bond Played On | 11/12/2008 | See Source »

...bank than their house is worth. "If all they're doing is lengthening the loan maturity, it may reduce the economic stress a little bit, but it doesn't deal with the main problem, which is you have an underwater loan," says Richard Green, director of the Lusk Center for Real Estate at the University of Southern California...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...that might simply be unavoidable. "I'm very sympathetic to the view of why should people who played by the rules and paid their bills on time be placed at a disadvantage, but that's a second-order thing to worry about," says the Lusk Center's Green. "Unfair stuff is going to happen. If it saves the financial system, everyone benefits...

Author: /time Magazine | Title: Fannie and Freddie Offer New Plan to Help Homeowners | 11/12/2008 | See Source »

...Sometimes it's spontaneous," says one insider from Italy's center-left opposition who admires Berlusconi's political agility even as he cringes at his public antics. "But sometimes I think he wakes up and says: 'I'm going to say something outlandish today. They'll see I'm still with it, that I don't miss a beat.'" (See pictures of Italy...

Author: /time Magazine | Title: Why Berlusconi Loves a Good Gaffe | 11/11/2008 | See Source »

...suspicions toward the Assad regime are coming at an increasingly complicated moment in relations between Damascus and Washington. Late last month, U.S. special forces launched a raid into eastern Syria targeting an alleged al-Qaeda weapons smuggler. In response, the Syrian government shut down an American school and cultural center in Damascus, and forced American Fulbright scholars based at Syrian institutions to leave the country. On Sunday, the New York Times reported that the most recent raid was simply one of dozens that had been conducted on Syrian territory by U.S. special forces under secret orders signed by then Secretary...

Author: /time Magazine | Title: Was the U.S. Right About Syria Nukes? | 11/11/2008 | See Source »

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