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...dismantling tax benefits for owners of second homes? In many European countries speculators build tax-subsidized holiday homes, and then rent them out at exorbitant rates while receiving substantial tax relief on their mortgages. The result is to price local people out of the property market while losing agricultural land to so-called residential development, which may well stand empty for more than half the year. Tax benefits for property speculators are costly and regressive and any politician considering ways to save money should give them a long hard look. M. Esdaile Walker, COLOGNE, GERMANY...

Author: /time Magazine | Title: A Soldier's Life | 11/2/2009 | See Source »

...created a Michigan Land Bank to assemble properties so that we can not just auction them but make them available for job providers. The bottom line is, Detroit was built as a city for 2 million, and it's got less than a million people now, so we've got a lot of vacant space...

Author: /time Magazine | Title: 10 Questions for Jennifer Granholm | 11/2/2009 | See Source »

...Days After In a lot of ways, the deck was stacked in favor of the Allies. They had the advantage in numbers in every category - land, sea and air - while the Germans were badly depleted by the war on the Eastern front. The Germans were also hamstrung by their unbelievably byzantine and incoherent command structure - Untersturmführers and Obergruppenführers are thick on the ground in D-Day - which had a delusional Hitler at its apex...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

...many of the German soldiers truly believed that the very existence of Germany - and therefore civilization itself - was at stake, and they fought with fanatic zeal. Unable to land a decisive blow, the two sides settled into a ghastly war of attrition that ate men and machines while giving back little in the way of actual territorial gains...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

...also the story of the destructive arrival of the modern age in Europe. The armies that rolled through Normandy obliterated an ancient land and way of life that would be rebuilt but never restored. At one point, Beevor describes the astonishment of an old Benedictine nun emerging from her convent during the evacuation of Caen: she had never seen a truck before. It took a world war to chivy out the last vestiges of the 19th century from where they still lived, peacefully sequestered in the bocage, and expunge them forever. The Germans and the Allies would eventually leave Normandy...

Author: /time Magazine | Title: How D-Day Almost Became a Disaster | 11/2/2009 | See Source »

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