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...were supposed to have had a nice little talk about the Occupation," he notes. The emotions unleashed in this tale couldn't be contained in any nice little talk. They are painfully universal. Yet you know exactly where in the universe you are. This is the hallmark of great short stories, from Chekhov's portraits of discontented Russians to Joyce's struggling Dubliners to Jhumpa Lahiri's uprooted Bengalis. People are the same everywhere; it's the places that define them that are different. (See the 100 best novels of all time...

Author: /time Magazine | Title: From Europe with Love | 1/21/2010 | See Source »

...works at AREA Property Partners, a $9 billion partnership, with his father William, who got his start in 1963 with a 5-acre plot of New Jersey swampland. The turnover targets were perhaps "more aggressive than people think they should have been," but he says, "Life is too short for us to have done this, with this small a part of our portfolio, if we didn't actually think we were doing the right thing. Whether or not we executed as perfectly as we could - I'm sure that we made mistakes - our true intention here was to make money...

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

...problem than we can tackle," says Rafael Cestero, commissioner of New York's Department of Housing Preservation and Development. "Ownership of rental properties in New York City is a long-term proposition, and if you do it right, you can make a fair profit, but trying to make a short-term investment is where you can get yourself in trouble...

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

...refreshing to see that track-and-field phenomenon Usain Bolt was chosen to be on the short list for Person of the Year [Dec. 28--Jan. 4]. The selection of a formidable athlete who has revolutionized the world of sports is a welcome change from the politicians and dignitaries who are usually recognized. Congratulations to Bolt for a fantastic year...

Author: /time Magazine | Title: Inbox | 1/18/2010 | See Source »

...Shadrack wedged his foot in the door. We pushed into the dingy flat, which bore the medicinal odor of crack. As the churchmen escorted Elizabeth to retrieve her clothes, I smiled and feigned ignorance of their intent. While Lombard and Elizabeth retrieved her possessions, I spoke to Jude alone. Short and muscular, with dark, patchy skin, Jude wore slim, brown corduroys and white Crocs with green dollar signs. Jude explained that he lured girls from Johannesburg, where many survive by "picking through garbage." Our conversation turned to soccer. I asked him if he was looking forward to the World...

Author: /time Magazine | Title: South Africa's New Slave Trade and the Campaign to Stop It | 1/18/2010 | See Source »

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