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Still, anyone who has experienced a frothy market like San Francisco may find the fair-value argument difficult to accept. That's because in the past few years the hottest markets have been rebounding from declines in the early 1990s. Measuring from trough to peak will always show unsustainable growth. A better snapshot comes from measuring from peak to peak. Take San Francisco again. The median home price has surged to $482,000 as of the first quarter of this year, from $254,000 in 1995. That's an 11.3% average annual return, double the historical national average...

Author: /time Magazine | Title: What Bubble? | 8/5/2002 | See Source »

...greatest fear is being the biggest dork at the Janet Reno Dance Party. I have never been anywhere in South Beach where I was not the least cool person in the room, and Level, where Reno is throwing a Friday-night fund raiser, is one of the hottest clubs in Miami. Being the No. 1 loser at a party for Janet Reno--the former U.S. Attorney General, current Florida gubernatorial candidate and perennial icon of dork style--could set my self-confidence back to junior high levels...

Author: /time Magazine | Title: Who Knew? The Lady Is a Dancin' Machine | 7/29/2002 | See Source »

...girl who, contrary to cliche, gets ruined by a book. The tome is by a handsome writer, Lorenzo (Tristan Ulloa); his fan, Lucia (the divine Paz Vega), follows him around, comes on to him in a bar and then goes home with him for some of the hottest, nakedest sex you have seen since your last European "art" film. (For the past couple of years, European movies have been raising--or lowering--the bar in this matter, without much comment by the American critics or public...

Author: /time Magazine | Title: Movies: Wicked Summer Romances | 7/29/2002 | See Source »

...greatest fear is being the biggest dork at the Janet Reno Dance Party. I have never been anywhere in South Beach where I was not the least cool person in the room, and Level, where Reno is throwing a Friday-night fund raiser, is one of the hottest clubs in Miami. Being the No. 1 loser at a party for Janet Reno - the former U.S. Attorney General, current Florida gubernatorial candidate and perennial icon of dork style - could set my self-confidence back to junior high levels...

Author: /time Magazine | Title: Janet Reno's a Dancin' Machine | 7/22/2002 | See Source »

...story of how Taufik sought to keep a chunk of Freeport shares under Indonesian ownership?which he himself confirms?is one example of what is today Jakarta's hottest topic: the increasingly dominant role the President's husband is exercising at the most senior levels of government and business. This isn't another case of your regular, pushy presidential spouse playing gatekeeper, but of a consummate networker aggressively meddling in matters with national ramifications. To many Indonesians, the flamboyant 58-year-old Taufik is now simply the most powerful man in the country. "If Megawati is Number One and Vice...

Author: /time Magazine | Title: Looming Large | 7/8/2002 | See Source »

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