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...from houses now worth far less than the amount they owe. A similarly named outfit called You Walk Away croons on its website, "Before you know it, you will have this behind you and a fresh start!" Walking away is a popular phrase these days among real estate pros and ex--mortgage brokers looking to capitalize on slumping home prices and rising delinquencies. It sounds so liberating, but what does it mean? That foreclosure can be a good thing...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

What's that? Well, let's just say Ana Ivanovic, the French Open champion and new top-ranked women's player in the world, had a slightly tougher ride than most tennis pros. Reared in the war-torn Serbia of the 1990s, Ivanovic has risen from her home country's ashes to become the best in the game, the leader of the unlikely Serbian revolution that includes Jelena Jankovic, the second-ranked woman in the world, and Novak Djokovic, No. 3 on the men's side. At 20, Ivanovic has all the assets of a megastar-in-the-making: looks...

Author: /time Magazine | Title: Ana Ivanovic: Tennis's Next Megastar | 6/19/2008 | See Source »

...racetrack, facing off in street contests they call "alley cat races." But on June 15, they participated in a different kind of race - one that did not involve dodging pedestrians or weaving through rush-hour traffic at 25 miles an hour. There are differences between the messengers and the pros. The street riders' pre-race diet is often beer instead of energy drinks. It was also an alien locale. The race, part of this year's Harlem Rocks 35th Annual Skyscraper Cycling Classic, was held in Marcus Garvey Park, up by Fifth Avenue and 120th Street. Many bike messengers rarely...

Author: /time Magazine | Title: The Great Harlem Bike Messengers Race | 6/16/2008 | See Source »

There had been some nervousness among the messengers before the contest. They would be on the same race track as professional cyclists who are used to biking long distances on a set course without stopping; some of those have even qualified for the Tour de France. The pros had slick helmets, fancy bikes and numbers pinned onto the backs of their shirts. The professional men's category consisted of 45 laps around the track, and onlookers gathered on front stoops as the cyclists flew by in a streak of color and a gust of wind...

Author: /time Magazine | Title: The Great Harlem Bike Messengers Race | 6/16/2008 | See Source »

...amateurs, organizers say attendance at this four-corner criterium (a short race course) has suffered in more recent years. To liven things up a bit, Eustice decided to bring two very different cycling cultures together on the same 3/4-mile course along the brownstone-lined streets of Harlem - the pros and the bike messengers. "I almost look at them as the artists colonizing the big race," says Eustice, who organized the event. "When you want to make something cool, you bring in the artists." It has certainly paid off for the Harlem Rocks bike tournament. The event was broadcast live...

Author: /time Magazine | Title: The Great Harlem Bike Messengers Race | 6/16/2008 | See Source »

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