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...seemed like an effortless way to get rich, so my brother and I pooled our money and bought a place for $327,000. Within 18 months, the market tanked and the apartment's value plunged by a third. By then our tenant--who turned out to be a coke-snorting stripper--had stopped paying rent. When I threatened to change the locks, she whacked me on the head with her handbag and warned, "I know people in this town, and you're going to end up at the bottom of the East River." She moved out the next...

Author: /time Magazine | Title: Investing: Shanghai Fever | 7/18/2005 | See Source »

SUPERSMART SMOKE DETECTORS Smoke detectors have made a big leap forward thanks to some simple wireless communication. First Alert and Kidde, the Coke and Pepsi of the smoke-detector business, have new systems that allow battery-powered detectors to share information when a potential fire is brewing. That way alarms can alert everyone in the house, not just those closest to the danger. Best of all, the systems are simple to set up: instead of wading through complex wiring diagrams or calling in the pros for an expensive installation, you just buy a few detectors, place them throughout your home...

Author: /time Magazine | Title: Technology: Protecting the Home Front | 7/3/2005 | See Source »

...internal vice in the Miami police department. First, the city's tough-talking, Stetson-wearing police chief, Clarence Dickson, announced that two former officers had been charged with stealing 150 lbs. of cocaine. Less than 24 hours later, four additional Miami policemen were arrested in connection with an ugly coke deal that led to three deaths last summer...

Author: /time Magazine | Title: Slice of Vice: More Miami cops are arrested | 6/21/2005 | See Source »

...stolen-cocaine case began last May, when Miami officers seized 850 lbs. of "nose candy" in a raid on a lobster boat. Trouble was, the raiding party had been informed the load would be 1,000 lbs. The trail of the missing 150 lbs. of coke, worth $2 million, led to former Officers Felix Beruvides and Armando Lopez, who had recently been fired from the force when they refused to take mandatory urinalysis tests that would have indicated whether they were drug users. Police sources said the two rogue cops had boarded the boat before the raid and made...

Author: /time Magazine | Title: Slice of Vice: More Miami cops are arrested | 6/21/2005 | See Source »

...selling cocaine on the site, and 29 GM employees among those apprehended were fired. That capped a nine-month investigation by local police at the company's request, during which undercover agents purchased large amounts of marijuana and cocaine. On Jan. 2, the agents bought half a pound of coke for $14,000. Said Detective Nels Munson: "That's when we knew we had to move...

Author: /time Magazine | Title: Battling Drugs on the Job | 6/21/2005 | See Source »

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