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This is how empires rise and fall, pulling our fortunes along with them. Start with virgin territory: back in 1957, the Rosen brothers of Baltimore flew over Cape Coral, Fla., in a plane, liked what they saw, paid $678,000 for the farmland and started dredging 400 miles (640 km) of canals, which is more than Venice can claim. It was a peaceful place for old people - Cape Coma, folks called it, until about five years ago, when the gold rush began. College kids were waiting tables to buy condos and flip them; speculators got into bidding wars on unbuilt...

Author: /time Magazine | Title: The Hope in America's Foreclosure Capital | 4/2/2009 | See Source »

...house from a bank, and many were too scared to try, so he decided to lead tours of the new economic frontier. He is a revivalist for this apocalyptic age, living an American story as old as the pilgrims and the 49ers and every pioneer who ever saw opportunity where everyone else saw only ruin. (See pictures of Americans in their homes...

Author: /time Magazine | Title: The Hope in America's Foreclosure Capital | 4/2/2009 | See Source »

...second, but he looked right at me, all the way from up on high. I was finally ready to faint. But Ezekiel kept going as the reverend looked back up and said “Please” to the congregation before continuing.I got to the pew and saw Daddy turn. His face was healthy for one moment and then, just like the reverend’s, it went dead.I stood there dumb. But Ezekiel was waiting. This was my domain.I looked down at Old Man Grumpy. He turned slowly, like he was so enthralled with the sermon that...

Author: By Nathan D. Johnson, CONTRIBUTING WRITER | Title: FEATURED FICTION | 4/2/2009 | See Source »

...Crimson started yesterday’s loss with a bang, courtesy of an increasingly familiar source of offensive firepower.After tying the game at one in the bottom of the second, Harvard filled the bases for senior left fielder Matt Rogers. On the first pitch he saw, Rogers blasted a grand slam straight down the left-field line to give him six home runs and 23 RBI on the season, totals which are tied for first and second in the Ivy League, respectively.“We had the bases loaded and when we saw Matty coming to the plate...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Heartbreaker at Home for Harvard | 4/2/2009 | See Source »

...late 1960s and early 1970s, New York legislators faced a drug problem they feared was growing out of control. Federal statistics showed as many as 559,000 users nationwide and state police saw a 31 percent increase in drug arrests by 1972. In response Gov. Nelson Rockefeller, a liberal-leaning Republican who was said to have had presidential aspirations, created the Narcotic Addiction and Control Commission in 1967, aimed at helping addicts get clean. After the program proved too costly and ineffective, New York launched the Methadone Maintenance Program, which similarly caused little reduction in drug...

Author: /time Magazine | Title: New York's Rockefeller Drug Laws | 4/2/2009 | See Source »

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