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...they probably did. To be sure, quite soon after Diana's death, a school of thought argued that the raw hugs-and-tears emotionalism of her funeral was an embarrassing aberration, a fake sentiment tricked up by the mass media, keen for a good end-of-summer story. But that's not a line that convinces. The memories are too real for that, the significance of them too apparent...

Author: /time Magazine | Title: The Diana Effect | 8/23/2007 | See Source »

...dinner in the far reaches of the Empire to keep up appearances in front of the natives. They stressed the benefits of order, hierarchy, muscular Protestantism and good sportsmanship. Even in its Victorian heyday, of course, not many in Britain behaved in this way. The world's first mass working class, shuffling from factories to boozy music halls, reveled in a raucous sentimentality. In the cities, Protestantism (or any religion), be it rugged or weedy, rarely got a look, and sportsmanship meant cheering on your local soccer team after downing a skinful of beer. But by the late 20th century...

Author: /time Magazine | Title: The Diana Effect | 8/23/2007 | See Source »

Should you find your way up to Salem, Mass., this Halloween season, your chances of encountering a psychic are up - and the odds that that he or she has a felony record are down. That, for those of you who were too drowned in multimedia Harry Potter to notice, is the news from the real town where some estimate every tenth person is a witch...

Author: /time Magazine | Title: Letting Witches Be Witches in Salem | 8/20/2007 | See Source »

...Denver richly illustrates, there is plenty of bottom left to wait for. It's a far cry from the days of double-digit home-price gains and mass speculation in hot markets like Las Vegas--where 40% of the houses up for sale now sit vacant. What's astonishing about this particular real estate bust, though, is the way the damage has pinballed across the financial universe: mortgage companies in Los Angeles, banks in Seattle, hedge funds in Australia, the European Central Bank, Wall Street investment houses and Main Street stockholders have all had the American real estate market fall...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...about half the number of people who could be expected to put their homes up for sale in a normal market. The most distressed neighborhoods are seeing foreclosure rates rivaling those produced during the state's oil and gas bust of the 1980s--except these days, there aren't mass layoffs to blame. Just flat house prices and tighter credit standards, which make it harder for homeowners to sell or refinance their way out of trouble...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

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