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When Florida legislators recently struggled to balance the battered state budget, they decided to plug holes with $190 million from a $300 million affordable-housing trust fund. After all, why should a cash-strapped state shell out money for new home construction when there are tons of vacant homes just waiting to be snapped up? One of the few benefits of a housing crash, theoretically at least, is supposed to be that home buyers who were previously priced out of the market might finally be able to afford a place of their...

Author: /time Magazine | Title: Despite the Crash in Prices, Affordable Housing Still Lacking | 2/25/2009 | See Source »

...become pregnant and fled. Not until the attacks of Sept. 11 did the media spotlight trained on the case begin to flicker. Finally, on May 22, 2002, a man walking his dog in a Rock Creek Park ravine discovered Levy's remains. What he thought was a turtle shell turned out to be her skull...

Author: /time Magazine | Title: The Chandra Levy Case | 2/25/2009 | See Source »

...flown to our destination of choice for a low price; everyone, including airlines, is affected by the financial crisis. If increasing airfares is the only way to avoid catastrophes like the JetBlue affair, then the public must accept the economic realities of the airline industry and be prepared to shell out just a little more...

Author: By Ayse Baybars | Title: Hard Times, High Fares | 2/22/2009 | See Source »

...European firms don't exactly need Sarkozy's invitation to get to know Iraqi officials. Earlier this year, France's Total and the Anglo-Dutch firm Royal Dutch Shell began talks with Iraqi authorities about developing five new oil fields in the north and south of the country. (U.S. rivals Chevron and ExxonMobil are also after that business.) European chemical, engineering and construction companies and arms producers would also like to re-establish ties that were severed by the international embargo of Iraq before the war. British and Italian firms, meanwhile, long to kick-start contracts they had from...

Author: /time Magazine | Title: Europeans Who Sat Out the Iraq War Now Line Up for Its Business | 2/20/2009 | See Source »

...example, he employs the language of industrial production as art criticism: "Sheet art is generally dried in smoke and is dark brown in color. Bulk art is air-dried, and changes color in particular historical epochs." (Barthelme quotes lose some of their magic out of context, like a colorful shell removed from a tide pool.) In Snow White--to which the New Yorker devoted almost an entire issue in 1967--the heroine sighs, "Oh I wish there were some words in the world that were not the words I always hear...

Author: /time Magazine | Title: Donald Barthelme: America's Weirdest Literary Genius | 2/12/2009 | See Source »

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