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...reliance, the U.S. doles out an awful lot of welfare. Corporations get it. Farmers get it. Even poor people get it. But no other interest group makes out quite the way homeowners do. They - or we, I should say, for I'm a homeowner too - are at the receiving end of a truly staggering array of subsidies and tax breaks. Putting an exact price tag on all of them is impossible, but the value is clearly in the hundreds of billions of dollars a year...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

...Federal Reserve. Millions of people have been booted from their dwellings over the past couple of years because they couldn't make their mortgage payments. Millions more foreclosures are on the way. The housing market, despite some hopeful signs over the summer, remains a terrible mess. (See high-end homes that won't sell...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

There are many other, smaller subsidies aimed at low-income home buyers. But the bulk of the tax benefits flow to the upper end of the income spectrum. And to the coasts as well: a study by two Wharton School economists found that homeowners in high-priced regions in California and on the Eastern seaboard suck up most of the gains...

Author: /time Magazine | Title: Get Homeowners Off Welfare | 10/12/2009 | See Source »

...order was to commit mass murder and frame blacks, which would ignite an apocalyptic race war he called Helter Skelter. When Manson dispatched his "family" to kill actress Sharon Tate and others on two hot August nights in 1969, the murders drew the world's attention--and marked the end of the '60s mantra of peace, love and sharing. In prison, Atkins was able to begin a new life. She became a model prisoner and a born-again Christian. She also renounced Manson, though she said she still prayed...

Author: /time Magazine | Title: Susan Atkins | 10/12/2009 | See Source »

...young John Eriksen's original point. Leaders have to divorce themselves from the church's old practices. "One of the big dirty phrases in Catholic education is 'It's a business,' " says Eriksen, who spent several years as a consultant for Catholic schools before becoming superintendent. "But at the end of the day, we are private-education providers. We charge tuition and offer a service in return, and a school run effectively is able to educate more people...

Author: /time Magazine | Title: Looking for Solutions to the Catholic-School Crisis | 10/12/2009 | See Source »

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