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Though welcomed, the 1997 revision left a lot of taxpayers (and advisers) scratching their head. It stipulated that the house had to be a principal residence, but didn't spell out what that meant for people who split time between abodes. It seemed to exclude home offices from the break. And it specified that sellers had to have lived in a house for two of the five years before the sale--without cutting any breaks for people forced to sell before then...

Author: /time Magazine | Title: Home (Tax) Free | 3/3/2003 | See Source »

...more capably manage their investment in their studies often do not wish to do so. Yet I have never encountered an admissions mistake in the sense that a student did not seem to have the capacity to graduate. Students who fail are asked to leave for a spell because they are not concentrating, not because they cannot succeed. Over the last eight years I have known a number of students asked to withdraw for a year for failure to meet minimum requirements, but I have never known anyone devoting his or her best to the books to meet such...

Author: By Christine L. Soutter, | Title: Good Advising Doesn’t Equal High Achievement | 3/3/2003 | See Source »

...normally sleepy spread of jacaranda-shaded streets tucked amid the granite outcrops of the country's lush Eastern Highlands. In Queen's Hall, the revelers dance across a floor sticky with spilled lager, lost in the thump of the drums, the brassy blare of the horns and the hypnotic spell of the lyrics. Listen. What you hear isn't just Mapfumo's rasp through an amplifier. Mapfumo is the amplifier. "He is the voice of the people," says Ephraim, a businessman. Despite the police, who watch, arms folded, the onlookers sing - no, shout - things they wouldn't dare...

Author: /time Magazine | Title: Singing The Walls Down | 2/23/2003 | See Source »

...other hand, we are learning that each letter in that text can spell the difference between blond and brunet, tall and short, life and death. A woman who carries a mutation in the BRCA1 gene can have a seven times greater chance of developing breast cancer. Scientists in Utah last week announced the discovery of a gene that seems to predispose carriers to depression. We are learning these things in part because of Watson, who, having revealed the simplicity of DNA's structure, wanted to explore the complexity of its function. He helped persuade Congress to fund the Human Genome...

Author: /time Magazine | Title: The Secret of Life | 2/17/2003 | See Source »

Shopping period is a term that the sadly-departed Suzanne Pomey and Randy Gomes might have associated with the weekend following a busy spell of larceny, but to most Harvard students it implies the week following a lazy break over intersession. And although the partners in crime soon discovered the expense of buying hi-tech equipment, Harvard’s shopping period allows the intellectual consumer to pick up limitless freebies. Well, syllabi. But these free handouts offer a priceless insight into the muddled psyche of Harvard academics...

Author: By Anthony S.A. Freinberg, | Title: Regurgitation 101 | 2/7/2003 | See Source »

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