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...home-sale revival the U.S. is seeing (even if they also help drive down surrounding home prices). But in many if not most cases, people buying foreclosed homes have budgets "that can afford the taxes on a $100,000 house but not necessarily a $400,000 house," notes Brian Paul, CEO of the Realtors Association of the Palm Beaches. Of course, Palm Beach County executives take a different view. "Introducing foreclosure into the [property appraisal] equation may be an interesting idea," says John Thomas, director of residential appraisal at the Palm Beach County Appraiser's Office, but "people should remember...

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

...Paul, Representative Ron • single vote against a benign resolution "expressing support for all Iranian citizens who embrace the values of freedom, human rights, civil liberties, and rule of law" is cast...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/26/2009 | See Source »

...grain Kodachrome movie film, was released in 1965 - and was used to film seemingly every wedding, beach holiday and backyard barbecue for the next decade. (Aficionados can check out the opening credits of the '80s coming-of-age drama The Wonder Years for a quick hit of nostalgia.) When Paul Simon sang, "Mama, don't take my Kodachrome away" in 1973, Kodak was still expanding its Kodachrome line, and it was hard to believe that it would ever disappear. But by the mid-1980s, video camcorders and more easily processed color film from companies like Fuji and Polaroid encroached...

Author: /time Magazine | Title: Kodachrome | 6/23/2009 | See Source »

...strands of statistics and pro-market ideology came together in the mid-1960s. It was the great MIT economist Paul Samuelson who made the case mathematically that a rational market would be a random one. But Samuelson didn't share Friedman's political views, and he never claimed that actual markets met this ideal. It was at Chicago that a group of students and young faculty members influenced by Friedman's ideas began to make the case that the U.S. stock market, at least, was what they called "efficient...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...chance, though, North Koreans' native intelligence does flourish. Two years after first entering a team in the IBM-sponsored Computer Olympics (the International Collegiate Programming Contest), the North Koreans made it into the finals. "They are capable of handling very complicated software, and the results are extremely good," says Paul Tjia, a Dutchman whose GPI Consultancy has arranged for several European clients to outsource work to North Korean programmers. At Seoul's Unification Ministry, IT expert Lee Duk Haeng says Samsung and Korean Telecom are among a handful of South Korean firms currently using North Korean engineers...

Author: /time Magazine | Title: North Korea Tries to Ramp Up Tech Infrastructure | 6/22/2009 | See Source »

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