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...South Florida, you have literally tens of thousands of unsold units and a lot of the biggest builders see this [program] as a significant marketing tool," says Herzberg. "It gives them a huge competitive advantage in a very crowded marketplace...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

Concepción, which is adjacent to the Pacific Ocean, seems to have dodged the tsunami, but Lewis says that small towns north and south were badly hit by it. He says he was told by authorities that 350 deaths of the total death toll were the result of the tsunami in these small villages. Generally, the navy would have been the first to respond, but, says Lewis, "their base on the water was destroyed by the quake and tsunami, leaving them helpless." (See "Chile's President: Why Did Tsunami Warnings Fail...

Author: /time Magazine | Title: Quake Response Doesn't Live Up to Chile's Self-Image | 3/4/2010 | See Source »

...averse Florida didn't already have some of the nation's most dangerous drivers - more pedestrians are killed there each year than in any other state - now it's dealing with the rising popularity of Mad Max-like high-speed motorcycles. The rogue bikes are a particular bane in South Florida, where the weather is warm year-round and many of the roads are so flat and straightaway that they can easily be turned into a racetrack. Florida motorcycle crashes have been up in recent years - from 8,990 in 2006 to 9,618 in 2008, when state legislators responded...

Author: /time Magazine | Title: Florida's Fast Motorcyclists Are a Growing Menace | 3/3/2010 | See Source »

...Pakistani army has won itself some ground, scattering Pakistani Taliban in South Waziristan and Swat, but the real challenge lies ahead: how to rebuild a fiercely independent tribal society that has been shredding apart since the 1980s, when the Soviet war in Afghanistan brought in legions of revolutionary preachers and militants - armed with guns, money and the austere Salafist doctrine of Islam - who never departed...

Author: /time Magazine | Title: Pakistan's Taliban War: Bringing Back the Music | 3/3/2010 | See Source »

Reports toward the end of last month told of telecommunications workers protesting in the south-central city of Shiraz for three consecutive days over 13 months of unpaid wages, numerous factories operating at 20% to 30% capacity and up to 2,000 layoffs in the power industry as three major companies began cost-cutting measures. Meanwhile, mine workers in Gorgan province have reportedly gone unpaid for six months, their employers failing to pay state insurance and allowing conditions to drop below legal minimums for health and safety. One report by a nongovernmental organization said that Iran's power industry...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

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