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Santoro's territory, known as the Inland Empire, lies some 60 miles east of downtown Los Angeles. When the real estate boom started at the beginning of the decade, the Empire?s Riverside and San Bernardino Counties stood as monuments to the American dream, affordable nesting spots for those priced out of the L.A. market. Migrant Angelenos found bigger homes on bigger lots in brand new subdivisions for as much as $100,000 less. Johnson says that in some of those developments, as many as 80% of the buyers were subprime borrowers and many of them first-time homeowners. Consequently...

Author: /time Magazine | Title: California's Real Estate Tailspin | 7/27/2007 | See Source »

...storied 1,000-ft. (about 300 m) route in the U.S. Sierras. He finished the perilous trek, which took fully outfitted climbers a day, in two hours. Reardon was killed after completing a climb off the coast of Ireland. A wave swept him into the ocean as he stood on a ledge 15 ft. (41/2 m) above the water waiting for the ocean to calm...

Author: /time Magazine | Title: Milestones Aug. 6, 2007 | 7/26/2007 | See Source »

...pulled groin, an injury that lingers but is usually overcome. Americans generally, but sports fans especially, are a forgive-and-forget bunch, for whom hope always springs eternal for next season, regardless of their team's performance the previous year. Remember how the public disparaged Kobe Bryant when he stood trial for rape in 2003? Guess who had the NBA's best-selling jersey last season...

Author: /time Magazine | Title: The NBA's Penalty Situation | 7/24/2007 | See Source »

...down Mass Ave, up Church, and down Brattle wound the line of eager readers, each with the red-and-white or golden bracelet that proved they had pre-ordered their copy. Some of those at the front of the line had waited since about 9:30 p.m., and had stood on line for two hours earlier in the day to get their bracelets...

Author: By M. AIDAN Kelly, CRIMSON STAFF WRITER | Title: Children, Witches Invade Harvard Square For Potter’s Finale | 7/21/2007 | See Source »

Musharraf's decision to sack Chaudhry for alleged abuse of office earlier this year triggered mass protests in cities around the country. Many in Pakistan's moderate middle classes believe the President sidelined the independent-minded judge because he stood in the way of Musharraf's plan to ask the current parliament to hand him another five-year term. With Chaudhry back in office, two questions that will determine Musharraf's future become a lot more complicated. First, should Musharraf be able to stay on as President while remaining as head of the army? And second, should the present parliament...

Author: /time Magazine | Title: Musharraf on the Brink in Pakistan? | 7/20/2007 | See Source »

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