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...situation has gone from bad to, well, perverse. "One of the frustrating paradoxes of the recession is falling real estate markets and rising property taxes," says Kurt Wenner, research director at Florida Tax Watch in Tallahassee. A 2008 state reform, as well as another scheduled to go into effect next year, has reduced some of Florida's property-tax burden by making the cap more generous and accessible to more residents. But because of arcane provisions in the homestead law, government appraisers can tell a homeowner that although his house's current market value may be as depressed...

Author: /time Magazine | Title: Florida's Property Taxes Go Wacky in Housing Slump | 6/29/2009 | See Source »

...it’s no secret publishing is in trouble. The cookbook author in the booth next to ours, a 25-year BEA veteran, said the massive convention used to be much bigger not too long ago. Certainly, publishers made several efforts at the conference to tackle technology, print publications’ number-one challenge: Agents ran around trying to find “mobile partners” that could transform their books into apps on your favorite brand of cell phone; BEA itself hosted presentations such as “Book Bloggers—Today’s Buzz...

Author: By Nathaniel S. Rakich | Title: Judging an Industry by Its Cover | 6/26/2009 | See Source »

NORTH POINT, Hong Kong — Eels swim in Styrafoam boxes, astonished dead fish shine in rows next to blocks of pink-white flesh, silver heads. A live fish flails on the counter. There are clams in purple shells, small octopi, and other sea creatures already mashed into balls for soup. Lengths of meat dangle in butcher shops, knuckled feet still attached, shoppers’ chattering punctuated by cleaver’s thud...

Author: By Chelsea L. Shover | Title: Our House in the Middle of Our Street (Market) | 6/26/2009 | See Source »

...According to prosecutors, Cosby, a Cambridge resident, suffered an apparent gunshot wound to the abdomen during a failed "drug rip" in the Harvard dormitory. He was seen stumbling out of the dorm and was transported to Beth Israel Hospital, where he was pronounced dead the next...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Suspect in Kirkland Shooting Indicted | 6/26/2009 | See Source »

...relevant ministries and state governments are preparing contingency plans, including distributing drought-resistant seeds, encouraging farmers to grow crops that require less water, and even implementing cloud seeding programs to bring on rains. Experts expect tax breaks and price supports in the budget to be announced early next month. Roy of FICCI says the worst may yet be averted. "Last year the agricultural season was good and procurement was higher than normal," he says, "But the government can start taking preparatory steps such as imports of critical food items such as pulses because currently global food prices...

Author: /time Magazine | Title: The Truant Monsoon: Why India Is Worried | 6/26/2009 | See Source »

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