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...Florida. Speculators who had bought condos in the hope of fast price appreciation saw the shakeout coming and dumped even more of them on the market. At the same time, demand was dampened by the maturing of baby boomers, many of whom now aspire to move from condos to split-level suburban homes with lawns. Many new condo projects, particularly luxury developments, have become virtual ghost towns. In March, Crocker National Bank repossessed a $28 million, 88-unit condo project in Glendale., Calif, because the builder had been able to sell only three apartments in two years...

Author: /time Magazine | Title: Building a Hollow Skyline | 6/21/2005 | See Source »

...contest. It was flexibility he could well afford: last week Marcos' civilian opponents appeared to be more deeply divided than ever. Only days after leading Opposition Figures Corazon ("Cory") Aquino and Salvador ("Doy") Laurel made a public display of their solidarity against Marcos, it seemed they were about to split over the issue of who should run against the President...

Author: /time Magazine | Title: The Philippines: Lucky Sevens | 6/21/2005 | See Source »

...groups such as Americans United for Separation of Church and State, which investigated some of Weinstein's claims, the allegations suggested "egregious, systemic and legally objectionable violations" of the Constitution's Establishment Clause, as it said in a letter to the Department of Defense. Congressional reaction, however, has been split. Last month Steve Israel, a member of the House Armed Services Committee, introduced what he thought would be a popular amendment to a defense-spending bill requiring the Air Force to submit a plan ensuring religious tolerance and full religious freedom at the academy. Opposition by the committee's Republican...

Author: /time Magazine | Title: Whose God Is Their Co-Pilot? | 6/20/2005 | See Source »

...reformists throwing in their lot for Rafsanjani and conservatives supporting Ahmadinejad. Even though George W. Bush has dismissed Iran's elections as undemocratic, the country's liberalizing and conservative forces know that victory depends on a strategy the U.S. President can appreciate: turning out their base in a country split down the middle by ideology. --By Nahid Siamdoust

Author: /time Magazine | Title: A Hard-Liner for the People | 6/20/2005 | See Source »

...When Davidson complained, she says, she was told "to keep my mouth shut, that nothing was going to change." Since the plant's post-9/11 security plan took effect last fall, she tells TIME, there have been 29 in-house classroom exercises--with members of the guard force split into groups of "attackers" and "defenders"--designed to show how well the guards could defend the plant from terrorist attacks. "We won only one out of 29 tabletop drills using the new defensive plan," she says. "The attackers won 28." A senior Wackenhut official, who said "there...

Author: /time Magazine | Title: Are These Towers Safe? | 6/12/2005 | See Source »

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