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...homeowners took an estimated $139 billion out of the walls and floorboards through refinancings, compared with $26 billion in 2000, according to Freddie Mac. They put about 35% of that money into home improvements, spent 16% on consumer purchases, and used 26% to pay off debt (including credit cards for other consumer purchases), according to the Federal Reserve Board...

Author: /time Magazine | Title: America's House Party | 6/5/2005 | See Source »

...family in recent years, he was still reluctant to disclose it to the public, fearing that others, especially his confreres in the FBI, would judge it dishonorable. But his family argued posterity would regard Felt as a "true patriot" who "did the right thing" and now deserves the credit...

Author: /time Magazine | Title: Inside Watergate's Last Chapter | 6/5/2005 | See Source »

...journalistic romance of Watergate was built on the irresistible combination of tenacious, enterprising reporters led toward the truth by a fearless whistle-blower bucking the foremost power in the land. In fact, it wasn't nearly that simple, and the credit--or blame, as some still see it--for precipitating Nixon's August 1974 resignation belongs as well to other journalists who doggedly pursued the story; to U.S. District Court Judge John Sirica, who pressed participants in the break-in to confess Administration involvement; to special prosecutors Archibald Cox and Leon Jaworski, who stood firm against White House interference...

Author: /time Magazine | Title: Inside Watergate's Last Chapter | 6/5/2005 | See Source »

Dads, grads, men, women, young and old, all of them want an ultracompact digital camera. The basic specs: five megapixels, a 3X optical zoom lens, a thin body and a face with a surface area hardly larger than a credit card. Sony's T1 set the bar a year and a half back, but by now the field is littered. Sony has since replaced its T1 with two models, the T33 and the improbably slim T7, and everybody from Casio and Canon to Fujifilm and Kodak has a similar product. Now Nikon is making its first foray into Ultracompactville with...

Author: /time Magazine | Title: Nikon CoolPix S1 | 6/1/2005 | See Source »

...submissions. "Not one person wrote me back," she remembers with a wince. "I could not even get rejected." She ran into another wall of refusal when she sent her first novel to Manhattan book agents. By 1991, Scottoline was broke: receiving no alimony, she had maxed out her credit cards and was $38,500 in debt...

Author: /time Magazine | Title: Pinstripes And Pearls | 5/29/2005 | See Source »

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