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...Truth is, a dysfunctional property-tax system has been haunting Florida, if not many other states, far longer than the recession has. Over the past generation, Florida's explosive but fecklessly managed growth drove up real estate values, and therefore property taxes, beyond the reach of more and more families. In the 1990s the state adopted a "homestead" measure which, when homeowners become eligible for it, caps their assessed property-value increases at 3% a year (part-time residents don't qualify). But when houses are sold, a far higher base assessment usually applies, creating absurd situations in which neighbors...

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

Rehm adds that while an end to deaths and disability caused by alcohol is in sight, it is a frustratingly difficult goal to reach. "The solution can only be to reduce the overall amount of drinking," he says. "But that's pretty hard to do - to get humanity to learn to drink one or two units a day, and never more...

Author: /time Magazine | Title: Stemming the Rise in Global Alcohol-Related Deaths | 6/29/2009 | See Source »

...When he lost that battle with the courts and legislature last week, Sanford, who can be as eccentric as he is thin-skinned, simply disappeared (although staffers insist they could reach him by cell phone in case of emergency). "I've spent the last five days of my life crying in Argentina," he said at the capitol in Columbia. "I'm committed to getting my heart right. I've been unfaithful to my wife. I've let down a lot of people. I apologize...

Author: /time Magazine | Title: Sanford's Sex Scandal: Assessing the Damage | 6/25/2009 | See Source »

...government tasked Muhammad with urging his former disciple to lay down arms in exchange for the government's implementation of Islamic law in the area. It soon emerged, however, that the Taliban had no intention of laying down arms, but instead sought to extend its reach, and Sufi Muhammad turned out to be an active enabler of their advance...

Author: /time Magazine | Title: Pakistan Slaying Reveals a Flawed Strategy | 6/25/2009 | See Source »

...five issues most Indonesians care about, SBY is the only candidate regularly polling above or near 50%, the threshold necessary to win in one voting round. Still, some polls - and it is difficult to know which surveys are unbiased and reliable - show the race getting closer. Failure to reach that will send the top two vote getters to a second round in September, something the incumbent and front runner would probably like to avoid. "The question now is whether it is better for SBY to win with a slight margin in one round or a stronger mandate after two rounds...

Author: /time Magazine | Title: In Indonesia Vote, Change Not on Ticket | 6/24/2009 | See Source »

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