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...plenty these days) range from folks who had no business ever buying a house to folks freshly fired from executive suites. Based on his survey of the economic wreckage, Wagoner's conclusion is that even the slightest miscalculation or change in circumstances could send another customer through his door: "There are not a lot of second chances out there right...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...Zachery still wonders, as he reflects on the upward path his life followed from that chance encounter. His was the textbook tale: a foot in the door, some hard work and enterprise, and another American gets ahead. Twenty-two years after his lucky break, Zachery was a veteran firefighter earning north of $60,000. Like most firefighters, he always had a second job - delivering pizzas, driving a street sweeper, installing meters for the power company. Eventually he started his own business, demolishing houses condemned by the city. He supported an aging mother, a son in college, a new wife...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...looking for work," she said matter-of-factly. "They're not allowed to say it, but you see it in their eyes: Why hire an older person who might have some medical issue when there are young people behind you in a line that goes clear out the door? I really can't blame them. Businesses are struggling, and insurance is a big problem." That's when she can manage a face-to-face encounter at all. Many employers take only online applications nowadays, a fact that discounts her charm while highlighting her lack of education...

Author: /time Magazine | Title: House of Cards: The Faces Behind Foreclosures | 2/27/2009 | See Source »

...permission to film a train crash in an elevated train system that in over half a century had never seen an accident, the two were gravely told by the supervisor that allowing it would lose him his job. As Friedkin and D’Antoni headed dejectedly toward the door, the man stopped them and announced that he’d do it for $40,000 and a one-way trip to Jamaica.“He gave us permission, he got fired, and he moved to Jamaica,” Friedkin said.The film’s stunning last scene?...

Author: By Sasha F. Klein, CONTRIBUTING WRITER | Title: Friedkin Makes the 'Connection' | 2/27/2009 | See Source »

...midnight on Feb. 5, just as the Russian winter was finally starting to bite, Gilani Shepiyev, the former deputy mayor of Grozny in Chechnya, was returning to his home in western Moscow. Shepiyev did not make it. He was found less than a foot away from the wood-paneled door to his apartment block. Blood from three gunshot wounds stained the dirty snow on the pavement; the weapon, a Baikal pistol, lay discarded next to him. Typical signs of a contract killing. Shepiyev had survived one assassination attempt in Grozny in 2006. This time he was not so lucky...

Author: /time Magazine | Title: What's Behind Moscow's Recent Murder Spree? | 2/26/2009 | See Source »

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