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Meanwhile, inventory continues to stockpile in Florida, creating a vicious cycle. Months pass as homes are foreclosed on, banks can't sell them, home prices stay low, and that sets off even more foreclosures. A report released earlier this month showed that it takes longer to sell a house in the south Florida market than in any other metropolitan area in the country...

Author: /time Magazine | Title: Local Help for Besieged Homeowners | 8/15/2008 | See Source »

...heavily managed media tour into Tskhinvali on Thursday, the army forced photographers to stay inside locked armored personnel carriers. Yet on Tuesday, before Human Rights Watch issued its report, it allowed photographers to stand with their torsos outside the vehicle to see burning buildings and irregular fighters carting away home appliances. On the ride out of the city on Thursday, commanders allowed a Russian TV reporter to sit outside the vehicle - even while they claimed to fear snipers - while they pushed me roughly back into the vehicle when I tried to stick my head...

Author: /time Magazine | Title: Russian Army Denies Civilian Attacks | 8/15/2008 | See Source »

...such as engineering and economics, there simply aren't enough high-caliber teachers to go around. "China lacks the educational infrastructure to keep pace with the frantic demand for education," says Tang Min, chief China economist at the Asian Development Bank. A human-resources executive who helped produce a report on the subject for the American Chamber of Commerce in China puts it more bluntly: "the vast majority of [Chinese] kids go to second- or third-rate schools - diploma mills - and are just unprepared to enter a very competitive job market. They're getting ripped...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

...grass. But there were no demonstrators, and a park employee said there had been none since the protest zones were announced. Thus far the protest zones - the Chinese Ethnic Culture Park, where the Tibet protest was staged, is not one of the officially sanctioned locations - have yet to report any demonstrations...

Author: /time Magazine | Title: Olympic Protests: Low-Key Response | 8/13/2008 | See Source »

...standing in a farmer's field, smoke rising from a huge fire started by a Russian incendiary bomb that had drilled into the ground 15 minutes earlier, when the first report came that Russian President Dmitri Medvedev had announced a pullback of Russian forces and an end to the bombing. It was news to the villagers, who had just watched their wheat crop engulfed in flames a few minutes earlier and who had spent the night before sheltering in the forest from Russian attacks. But a visitor from a nearby town insisted it was true...

Author: /time Magazine | Title: On Scene: Georgia's Ravaged Capital | 8/12/2008 | See Source »

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