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...Back east, the luxury condo markets that have had similarly explosive growth in Miami and New York, where high-end apartments can command from $2,000 to $4,000 a square foot, haven?t slumped yet. Still, experts say the abrupt reversal of fortune in the desert, where the mainstream residential real estate and hotel markets are still quite healthy, shows just how quickly the odds can change in even the most affluent markets if runaway speculation and overzealous development take hold. ?It?s another case of irrational exuberance,? says John Restrepo, head of a Las Vegas real estate...

Author: /time Magazine | Title: Vegas Condos Go Cold | 1/25/2006 | See Source »

...snowboarders, like Teter, still project the laid-back, surfer-dude spirit that sparked this once-renegade sport (the public address announcer's favorite word at the Mountain Creek Grand Prix: "gnarly"). But make no mistake, these elite athletes are no slackers. America is stoked about the shredders- from the mainstream sponsors whose banners line the pipe- Chevrolet, Sprint, State Farm (crash your board, but not your car)- to the mini-van moms who, kids in tow, watch Teter ?McTwist? to Guns N? Roses...

Author: /time Magazine | Title: Pipe Dreams | 1/23/2006 | See Source »

...Upon taking over on Feb. 1, 2005, the King said he was assuming power to crush Nepal's Maoist rebellion, which has claimed 12,000 lives. Instead, his repressive policies over the past year have helped unite the Maoists with the mainstream opposition: the rebels declared a unilateral cease-fire last September and forged a loose alliance with Nepal's seven main political parties. The Maoists ended their cease-fire on Jan. 2; since then they have killed at least 25 government troops and police. The King's hard-line approach has international observers worried about his ability to maintain...

Author: /time Magazine | Title: A Year of Troubles | 1/23/2006 | See Source »

...course, it's not uncommon for people to drop out of the rat race in favor of more spiritual pursuits. Still, Christie's decision to join the Church of England put him decidedly outside the mainstream. The Church's membership has dwindled dramatically over the past few decades, and Christie says he realizes that the days when vicars were automatically viewed as respected community figures are long gone. "Being a clergyman doesn't have much moral authority these days," he says. And as a vicar, he says he sometimes struggles to balance demands for what people...

Author: /time Magazine | Title: Britain | 1/23/2006 | See Source »

...clubs’ highly exclusive nature on a campus that is so lacking in the social department; we have balked at the grad boards, who virtually control final clubs’ existence, and their adamant opposition to more integration. Yet, the conflation of CAP and the Owl in mainstream media has been unfortunate. The nature of the two organizations are so dissimilar that the claims of comparability by pundits Rush Limbaugh or Bill O’Reilly were simply nonsensical. Unlike the socially-centered missions of Harvard final clubs, CAP’s mission centered on reducing the number...

Author: By The Crimson Staff, | Title: Kennedy Doesn’t Give a Hoot | 1/19/2006 | See Source »

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