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...million budget hole - a move that veteran Miami realtors like Alex Shay insist would set recovery back. "It's out of line," says Shay, who recently took Alvarez to task on his Miami Real Estate blog. "A lot of people here are barely holding on to their properties, using credit-card advances to pay escrow, and the county wants them to take another hit?" (See TIME's photo-essay "Miami: Paradise Lost...

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

...stage for a shallow economic recovery with modest inflation. Longer term, he believes the U.S. will be growing at only 1.5% to 2% a year, well below the historical growth rate of 3%, a shortfall resulting from ongoing consumer deleveraging and frugality and slow growth in business credit...

Author: /time Magazine | Title: Is the Stock Market Cheap or Expensive? | 6/25/2009 | See Source »

...upward. "Allahu Akbar! Allahu Akbar!" No way. We rush to the window. They have continued night after night, beginning at 10 and continuing for 30 minutes. Each time I've lost faith, I've been wrong. Iranians are proving to be a sturdier lot than I have given them credit for, much mightier even than the formidable kootoole who stand in their...

Author: /time Magazine | Title: Watching The Lord of the Rings in Tehran | 6/25/2009 | See Source »

...Ehren Kruger, Roberto Orci and Alex Kurtzman share the writing credit for this astonishing mishmash of Hasbro advertising copy and every movie in the good-vs.-evil ilk. But Revenge is director Michael Bay at his purest: gleaming machines, humans that glisten with an omnipresent layer of sweat, dozens of locations and a story line so messy it borders on the abstract. He's even given one of the Decepticons testicles (brass, swinging). The whole experience is like having your nose pressed into Bay's manly armpit for 2½ hours...

Author: /time Magazine | Title: Transformers: Revenge of the Fallen Falls Short | 6/24/2009 | See Source »

...released in exchange for five militants and an undisclosed sum of cash paid by the Italian government. Another Afghan reporter working in Helmand, Abdul Samad Rohani, was killed last June while investigating a story for the British Broadcasting Corp. on illegal poppy cultivation. The Taliban, usually quick to claim credit even in instances where they may not actually be involved, denied any role in his death. Afghan journalists and human-rights watchers allege that he was slain by gunmen with links to the drug trade...

Author: /time Magazine | Title: Afghan Kidnappings: Local Journalists Face Risks | 6/24/2009 | See Source »

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