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...high-profile names as Apollo Global Management, Colony Capital LLC and Starwood Capital, have filed with the Securities and Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs as well as government financing programs to either purchase or originate real estate loans and mortgage-related securities on the cheap. (See pictures of high-end homes that won't sell...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...doesn't try to turn the two women into soul sisters, an unusual move for the director who has brought us so many happy, tidy endings (Sleepless in Seattle, You've Got Mail). Powell is not devious or awful, but she's not exactly a basket of kittens either - not on the pages of her book and not as portrayed by the extremely game Adams...

Author: /time Magazine | Title: Julie & Julia: Streep, Ephron and the Joy of Cooking | 8/17/2009 | See Source »

...fact is that Obama's stand on the public option has never fit neatly into the narratives on either side of the political aisle. The left has come to view it as the holy grail of health-care reform - in no small part because many liberals believe that a Medicare-like program for the uninsured would be the first step toward a government-run single-payer system like those found in Canada and Europe. The right has made it a focal point of its opposition for the same reason. However, Obama has never presented the public option as anything other...

Author: /time Magazine | Title: Health-Care Reform: Obama Finesses the Public Plan | 8/17/2009 | See Source »

Over the past 30 years, the five sons of a senior cleric have been a major force in Iran's power structure, either serving in or running for positions including the presidency and various diplomatic roles as well as posts in Cabinet ministries, the Council of Guardians, the legislature, the powerful National Security Council, the judiciary, Iran's top broadcasting authority and even the Revolutionary Guards. Over the past year, they have consolidated their power. (See pictures of the enduring influence of Ayatullah Khomeini...

Author: /time Magazine | Title: Will Iran's 'Kennedys' Challenge Ahmadinejad? | 8/17/2009 | See Source »

There was, however, no escaping the after-effects of the war on the road to Madhu. There were armed personnel on either side of the road, bunkers with dugouts manned by soldiers, occasionally a bomb-damaged building. The railroad that ran parallel to the trunk road had been reduced to a long mound of earth, as if it were the trail left by some giant worm. The iron tracks had long been removed to construct the many bunkers...

Author: /time Magazine | Title: How the Virgin Mary Survived Sri Lanka's Civil War | 8/17/2009 | See Source »

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