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...Miami-Dade County, to the south, where 1 in 4 homeowners is 30 days or more behind in his or her mortgage payments, residents are bracing for what Mayor Carlos Alvarez says could be an imminent property-tax hike to fill an almost $400 million budget hole - a move that veteran Miami realtors like Alex Shay insist would set recovery back. "It's out of line," says Shay, who recently took Alvarez to task on his Miami Real Estate blog. "A lot of people here are barely holding on to their properties, using credit-card advances to pay escrow...
...caps their assessed property-value increases at 3% a year (part-time residents don't qualify). But when houses are sold, a far higher base assessment usually applies, creating absurd situations in which neighbors with similar properties pay wildly disparate taxes. And during the boom, in expensive markets like South Florida, homeowners who had yet to qualify for the cap often saw their property levies double in just a few years - a big reason half of all South Floridians in a 2007 Zogby International poll said they were considering moving out of the state. (See pictures of Americans in their...
...South of Los Angeles at California State University at Fullerton, Nicole Muth, 22, has just finished her junior year with straight A's. Muth grew up in Modesto with "lots of love but no money." Raised by her aunt and uncle, she receives a Cal Grant of $4,500 a year. "It definitely helps," says Muth, who credits the grant with allowing her to focus on her studies. As part of his proposed budget cuts, however, Schwarzenegger says Cal Grants should be phased out and that money promised to the incoming college class eliminated. "I appreciate the grant very much...
...early 2002, most recently on Tuesday, when three died near the northern town of Kunduz after their patrol came under fire. The mission is very unpopular back home, but Germany has been feeling pressure from its NATO allies to pull more of its weight and send troops to the south, the scene of fierce battles with Taliban insurgents...
...German public is still reluctant to accept a combat role for the Bundeswehr," Henning Riecke, an analyst at the German Council on Foreign Relations, tells TIME. "But Germany should become more active in Afghanistan and allow troops to go into combat, if needed even in the south of the country. It's time for Germany to be more flexible in Afghanistan...