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...Rockower's not the only person to believe the sky is falling: Princeton economist and New York Times op-ed columnist Paul Krugman this week wrote that "we're starting to hear a hissing sound, as the air begins to leak out of the bubble" in the real estate market. Don't expect a plunging decline, says Krugman; instead, continual falling sales and rising inventory are signaling the end of good times. In other words, the bubble won't burst, but pfffffffffffffft gradually...

Author: /time Magazine | Title: Interest Rates and Your Real Estate Options | 8/9/2005 | See Source »

...patronage--which include rigging of applicant test scores, falsifying records and recommending the hiring of, among other apparently unqualified people, one dead man and one drunk--are just the latest serious charges of wrongdoing leveled at Daley's administration. U.S. Attorney Patrick Fitzgerald (who is also investigating the leak of CIA officer Valerie Plame's identity) has helped convict more than 20 city employees of taking bribes in exchange for contracts in the city's Hired Truck program, which doles out transportation work to private companies. When announcing the recent indictments, Fitzgerald, who has also charged that a heroin ring...

Author: /time Magazine | Title: Ghosts in the Machine | 8/1/2005 | See Source »

...investigation tightens into the leak of the identity of covert CIA operative Valerie Plame, sources tell TIME some White House officials may have learned she was married to former ambassador Joseph Wilson weeks before his July 6, 2003, Op-Ed piece criticizing the Administration. That prospect increases the chances that White House official Karl Rove and others learned about Plame from within the Administration rather than from media contacts. Rove has told investigators he believes he learned of her directly or indirectly from reporters, according to his lawyer...

Author: /time Magazine | Title: When They Knew | 7/31/2005 | See Source »

...someone committed a crime, they will no longer work in my Administration." GEORGE W. BUSH, U.S. President, on the controversy over the leaked identity of CIA officer Valerie Plame. He had previously promised to fire anyone "involved" in the leak regardless of criminal charges...

Author: /time Magazine | Title: Verbatim | 7/25/2005 | See Source »

...crippling energy shortage could be the regime's Achilles heel. North Korea currently generates 2.3 million kilowatts annually, about half of what it needs to keep its trains and factories running and cities lit at night. As much as a third of that is believed to leak during transmission. Some power equipment is more than 60 years old. Theft of copper and aluminum transmission lines for sale as scrap in China is rampant, even though it's a capital offense. Says Han Young Jin, who worked as an electrical engineer in Pyongyang before defecting to Seoul in 2002: "The grid...

Author: /time Magazine | Title: Seoul's Power Play | 7/18/2005 | See Source »

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