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...thoroughbred horses and art collections. For the first time in modern Spanish history, the government ordered the dissolution of Marbella City Council and installed a temporary team to run the town. On taking office the new incumbents found the cupboards bare and thousands of unpaid bills, making the millionaires' jet-set resort virtually bankrupt. If there's a silver lining to what can seem an unsustainable boom, it's this: Spain's property business has generally become more professional and sophisticated during the years of plenty. It's difficult to get a mortgage anywhere in Spain without a down payment...

Author: /time Magazine | Title: Can Spain Sustain? | 6/11/2006 | See Source »

...constant upgrading has helped make Spain rich - and kept cranes along the Mediterranean coast operating at sometimes reckless speed. Now the trade is slowing down, and there are warning signs of decay. An alleged kickback scheme has led to high-level arrests this year in Marbella, Spain's jet-set and botox capital. Authorities in the Valencia region have been challenged by foreign owners and the European Commission over a 12-year-old law that allows communities to reclassify already developed land and force owners to sell. Environmentalists have been deploring the overdevelopment of the Spanish Costas for decades...

Author: /time Magazine | Title: Mi Casa Es Su Casa | 6/11/2006 | See Source »

...might to appear like a regular 'Merican - naggingly resurfaces every few pages, reminding us that she has lived nearly all her life in the Northeast and much of it in Manhattan. She writes: "Environmentalists' energy plan is the repudiation of America and Christian destiny, which is Jet Skis, steak on the electric grill, hot showers, and night skiing." Only someone who has virtually never lived more than 100 miles from the East Coast could concoct a list of such suburban Americana. (For that matter, who anywhere cooks steak on an electric grill?) The book jokes about fisting, mentions...

Author: /time Magazine | Title: Viewpoint: Why Ann Coulter Matters | 6/9/2006 | See Source »

...That was Dick," he said after he calmed down a few minutes later. "We're way over budget on Air Force One-for some inexplicable reason, jet fuel costs six times what it used...

Author: /time Magazine | Title: "Hello, Mr. President. It's Al Gore Calling" | 6/2/2006 | See Source »

When i was a child growing up after World War II, we were taught that, however awful the war may have been, it stimulated the development of new technologies, like radar and jet engines, and led to the mass adoption of many new products. You're holding one in your hands right...

Author: /time Magazine | Title: From the Editor | 5/29/2006 | See Source »

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