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...describes cultural differences, such as Americans' tendency to speak more openly than Germans about their political preferences and affiliations. But there are still a few misunderstandings. When the audience is prompted by the actors to sing, "Rock the vote," the response is hesitant. "What do they want us to say?" a confused young woman whispers. (See a TIME package on Obama's first year in office...

Author: /time Magazine | Title: Obama, the Musical: Germany's Stage Love Letter | 1/20/2010 | See Source »

...Still, the producers of the musical, the Michigan-born Hutchins and Italian-German director Roberto Emmanuele, say they didn't want to create a tribute to Obama or pander to the crowd by playing up his star appeal. Instead, they aimed to tell the story of the people who were inspired by his message of change - themselves included. "This musical is not about politics but about the effect Obama has on people," Hutchins says. "Making the musical resembled Obama's story in a way. We had very little in the beginning, meager means, a meager budget ... Obama inspired...

Author: /time Magazine | Title: Obama, the Musical: Germany's Stage Love Letter | 1/20/2010 | See Source »

...From a public policy standpoint, you can make a strong case that it is not desirable [for Wall Street money to be in this market], and equally strong you can say that housing regulators or authorities in New York and most other cities have been asleep at the wheel for the last five and 10 years - this stuff is going on everywhere," says Guy Cecala, CEO of Inside Mortgage Finance Publications, a stable of industry newsletters, who worries that the very idea of affordable housing is under threat...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

Those packaging these investments say they regarded them as aboveboard, though their defense is less than robust. Key players included leading banks in tandem with some of the biggest names in real estate and private equity, none of whom would have missed that high tenant turnover was the main motor for profits. "We truly went into this trying to turn housing that was run very, very poorly by slumlords into affordable working-class housing, and to be portrayed like this is somewhat upsetting, to be quite frank," says Richard Mack, who works at AREA Property Partners, a $9 billion partnership...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...with owners' lawyers before ever reaching the judges. Those actually executing these orders were often conflicted about it. "Having a large property owner as a client is great for the volume of work, but if you ask me about it morally or ethically, well, I'd rather not say," admits a housing court attorney who asked not to be identified...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

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