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...collections. For the first time in modern Spanish history, the government ordered the dissolution of Marbella City Council and installed a temporary team to run the town. On taking office the new incumbents found the cupboards bare and thousands of unpaid bills, making the millionaires' jet-set resort virtually bankrupt. If there's a silver lining to what can seem an unsustainable boom, it's this: Spain's property business has generally become more professional and sophisticated during the years of plenty. It's difficult to get a mortgage anywhere in Spain without a down payment of at least...

Author: /time Magazine | Title: Can Spain Sustain? | 6/11/2006 | See Source »

...Canada because of their very liberal immigration laws." In fact, since most of the young men arrested were born or grew up in Canada, this appears to be a homegrown threat. Which leaves another question that Canadians are not accustomed to: why would their fellow citizens be willing to resort to acts of terror in their own country...

Author: /time Magazine | Title: Canadians on Unfamiliar Ground: Homegrown Terror | 6/5/2006 | See Source »

Cannes is a convention city, which means the people coming for the world's largest movie conference, the Cannes Film Festival, are in their seats for the morning's major screening by 8:15. Cannes is also a Riviera resort, which means the town comes alive at night. Debonair folk in evening clothes stroll the Croisette until just before dawn. The discos (including the one directly under our hotel room) blast their pounding sounds nonstop to 3 or 4 a.m. (which may explain why the prose of this night owl is sometimes on the jagged side). Critics, who want...

Author: /time Magazine | Title: A Reason to Celebrate | 5/24/2006 | See Source »

That is precisely what the city and state want. In announcing evacuation plans in early May, the city's embattled Mayor Ray Nagin, who won re-election Saturday, pointedly noted that there would be no shelter of last resort like the Superdome or "vertical" evacuations to hotels downtown. He said the city would be calling more readily for evacuations, ordering everyone out for a hurricane as weak as Category 2. The state last week geared up shelter plans, identifying places for 55,000 evacuees--more space than was available last year after the Superdome closed. In addition to Red Cross...

Author: /time Magazine | Title: You're On Your Own | 5/21/2006 | See Source »

...resort town is dirt-cheap, but Cannes has been getting more expensive - cher, as the French say - through no fault of its own. The Euro, whose exchange rate five years ago was under a dollar, is now a pricey $1.28. Don't despair. You can find many an excellent dinner for less than $40. And your transportation budget, except for getting from the Nice airport to Cannes and back, is exactly zero. Every hotel is within walking distance from every screening and nearly every party. For the rare out-of-town soiree, you ride with the other press types...

Author: /time Magazine | Title: 10 Things We Know About Cannes | 5/17/2006 | See Source »

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