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...real estate bubble about to burst. "We are raising the loudest possible alarms," said Tom Stevens, president of the National Association of Realtors, which along with the Mortgage Bankers Association and other industry players concludes that losing the deduction would drive home prices as much as 15% lower, sap consumer confidence and imperil the economy. "You could not pick a worse time to bring this up," says Edward Yingling, president of the American Bankers Association. "The housing market is already testy...

Author: /time Magazine | Title: Why They're After Your Favorite Tax Break | 11/7/2005 | See Source »

...diaries make for somewhat melancholy reading in their second half, it's only because California, famously narcotic, began to sap his energy and sharpness. More and more of his entries dwindle into local gossip and silly worries about his boyfriends and his weight. He was always better suited to being a camera than a mirror. Yet even at his weakest, he earns our trust with his entirely human cries of "God, make me pure--but not just...

Author: /time Magazine | Title: BOOKS: SWAMI, MEET GARBO | 10/20/2005 | See Source »

...first recognize that Africans are people with the potential to solve their own problems, then let’s put our money where our mouth is and prioritize African lives. Most importantly, let us pressure our leaders to change the unfair trade and debt policies that sap Africa of its wealth. Given how badly political leaders on all continents have messed up when it comes to Africa, it’s now up to us to start leading them by example...

Author: By Oludamini D. Ogunnaike, | Title: FOCUS: For Africa, Put Your Money Where Your Mouth Is | 10/3/2005 | See Source »

...amendment would define marriage as the union between one man and one woman and would not make any mention of civil unions. It will likely sap conservative support away from an existing compromise amendment that would ban same-sex marriage while affirming partners’ rights to civil unions...

Author: By Samuel C. Scott, CRIMSON STAFF WRITER | Title: Petition Opposes Same-Sex Marriage | 6/27/2005 | See Source »

Insurgent leaders say that with the breakdown of peace talks a year ago, they are even more intent on waging a prolonged conflict designed to destabilize the Duarte government and sap military morale. Their tactics, as detailed by a top E.R.P. official in Morazán, will be as blunt and brutal as ever: urban warfare, including kidnapings like that last fall of Duarte's daughter Inés; economic sabotage, like blowing up power stations; and the outright murder of U.S. advisers and officials. "In the long run, killing Yanquis is a form of undermining Reagan's policies," declared the rebel...

Author: /time Magazine | Title: El Salvador: Inside Guerrilla Territory | 6/21/2005 | See Source »

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