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...worst housing markets, just ahead of Orlando, with Tampa fourth. From 20% to 40% of the speculators who waited on lines to buy preconstruction condos during the boom are expected to walk away from those investments before closing; many are turning to a new cottage industry of get-your-deposit-back lawyers. "The ambulance chasers are everywhere," says developer Jorge Pérez, the so-called Trump of the Tropics, whose Related Group faces more than 100 lawsuits by remorseful buyers. "We've gone from euphoria to panic in a year...

Author: /time Magazine | Title: Is Florida the Sunset State? | 7/10/2008 | See Source »

...metabolic signals. As food calories are absorbed, the pancreas secretes insulin, which prompts the liver to convert sugars into fat. Fat cells then release leptin, a hormone that puts the brakes on eating. Leptin does this by passing along the message that the body is satisfied with the deposit of calories it has received...

Author: /time Magazine | Title: Overweight Children: Living Large | 6/12/2008 | See Source »

...important tool, is hardly a poverty cure-all. Property rights, the rule of law--these things matter too. "You cannot overidealize what microfinance alone can do," says Clara Akerman, president of the microfinance group WWB Colombia. Most outfits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. When people do have the option to save instead of borrow, saving is often what they prefer...

Author: /time Magazine | Title: The Big Trouble In Small Loans | 6/5/2008 | See Source »

...study offered by the Committee on Degrees in History and Literature may be ultimately harmful: The notion that there can be some sort of cultural solidarity among incredibly diverse peoples simply by virtue of the sad, shared historical fact of Western domination threatens to muffle unique histories and re-deposit historiographic agency in the hands of Western intellectuals and Western institutions...

Author: By Emma M. Lind | Title: Let the Subaltern Speak | 6/4/2008 | See Source »

...record highs. "The Icelanders are richer than us," says British economist Portes. "They're not exactly going to starve." (Iceland's gross national income per capita is $39,400, compared to the U.K.'s $35,300.) What's more, the banks remain fundamentally sound: they have strong deposit ratios and are more profitable than their Nordic peers. First-quarter results suggest the financial climate has started to warm: the three largest banks all reported strong core earnings, with Landsbanki's rising by 27% compared to the same period last year. On May 16, in a show of support, the central...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

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