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...musical, which is unabashedly politically correct and at times unbearably sappy, tells Obama's story from two different perspectives - that of his family and that of the residents of a middle-class suburban Chicago neighborhood. Barack and Michelle have their first date against a backdrop of red roses, and later he mourns the death of his beloved grandmother Toot. Meanwhile, in the Chicago suburbs, the conservative German-American widow Mrs. Schultz and the Obama-supporting Johnson family bond over their worries (the Johnsons' son is missing in Iraq; Mrs. Schultz has lost her house) and their excitement about...

Author: /time Magazine | Title: Obama, the Musical: Germany's Stage Love Letter | 1/20/2010 | See Source »

...typical Queens building, hired legal guns were able to achieve 23% turnover in the first year of new owners, or about double that of a typical building in Manhattan, where the culture of tenant rights is stronger, according to a new study by affordable-housing advocates, the Association for Neighborhood and Housing Development. The study focused on New York City, where Wall Street money made the most inroads - capturing about 100,000 units (out of the city's 2.5 million), or about 10% of the city's rent-regulated apartments before the real estate bubble collapse. (See the worst business...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...would occupy. There already was a newly constructed - and empty - building across the street. The bank that made the construction loan for that building would soon have to decide whether to "extend and pretend," as the industry saying goes, or take a loss. After that, we visited a neighborhood of giant new warehouses. On one side of the street was yet another building with an underwater construction loan that the bank was stuck with. Opposite was a facility that a vulture investor pounced on last year, thinking it was cheap, only to see prices continue their decline. (See the five...

Author: /time Magazine | Title: A Slow-Motion Wreck for Commercial Real Estate | 1/18/2010 | See Source »

Police described the apartment block in the city's downscale Hatikvah neighborhood as a slum harem. "The living conditions of the women were tragic," Israeli police spokesman Micky Rosenfeld told TIME. "When I entered one of the houses, I was shocked by what I saw. The filth was horrible, and there was nowhere to walk without stumbling on something. It was a three-bedroom apartment, where 10 women and 17 children were living." (See the top 10 crime stories...

Author: /time Magazine | Title: In Israel, the Messiah with More Than 30 'Wives' | 1/18/2010 | See Source »

...just start a meaningful dialogue with meaningful goals, I would be very excited about that,” McHale said, echoing Mattison’s sentiments. The neighborhood, he added, is “coming together...we’re on the verge of something great...

Author: By Sofia E. Groopman, CRIMSON STAFF WRITER | Title: Allston Residents Forge Ahead | 1/17/2010 | See Source »

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