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...whom would have missed that high tenant turnover was the main motor for profits. "We truly went into this trying to turn housing that was run very, very poorly by slumlords into affordable working-class housing, and to be portrayed like this is somewhat upsetting, to be quite frank," says Richard Mack, who works at AREA Property Partners, a $9 billion partnership, with his father William, who got his start in 1963 with a 5-acre plot of New Jersey swampland. The turnover targets were perhaps "more aggressive than people think they should have been," but he says, "Life...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...Springs for Modernism Week, modernismweek.com. This 10-day celebration of mid-20th century design runs the gamut from the kitsch (a vintage Airstream trailer show, tours of Elvis' UFO-like honeymoon house) to the academic (lectures on torn-down masterpieces and architects of yesteryear) to the starstruck (movies at Frank Sinatra's former home, wine and cheese at Liz Taylor and Mike Todd's old estate). There's even a mod vintage fashion show...

Author: /time Magazine | Title: People Who Live in Glass Houses | 1/20/2010 | See Source »

...traces of Sue Lyon's Lolita. She and Nick court in a flurry of name-dropping, a romantic version of Amazon's "If you liked this, you'll love this" routine. For her, it's anything French, from Godard's Breathless to Serge Gainsbourg, and though Nick favors Frank Sinatra, he adapts. When Sheeni encourages him to be bad as part of a scheme to get him banished to Clear Lake, Nick develops his alter ego. (See the top 10 movie performances...

Author: /time Magazine | Title: Youth in Revolt: Michael Cera and His Evil Twin | 1/7/2010 | See Source »

Skepticism accompanied annoyance for another traveler coming from London. "I could dream up a dozen different ways to do bad things, and I just don't see how they could stop them all," said Frank Filardi. "Basically, they can figure out what the media, the Congressmen and the Members of Parliament are going to beat them up about if they let it happen, and they focus on that. I just try to stay mindful and keep an eye on my fellow passengers," he said, echoing the theme of in-flight vigilance that thwarted Abdulmutallab on Christmas morning. (See TIME...

Author: /time Magazine | Title: International Flyers Report Extra Security, More Delays | 1/6/2010 | See Source »

...Muslim visitors are allowed to bring in for their own use, alcohol is banned in today's Islamic Brunei. The present restrictions would have greatly dismayed Francis Burroughs Lydgate, the controller of passports, whom Burgess's book revolves around. Graying, thin, his teeth full of rot, 50-year-old Frank has married three times and hasn't been back to England in 24 years, working jobs from New Guinea to Dunia - the fictional East African uranium-rich caliphate, ruled by a cocksure potentate, where the novel takes place...

Author: /time Magazine | Title: Anthony Burgess's Take on Brunei | 1/6/2010 | See Source »

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