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Leaving the condo with the sale apparently finished, Boemio drives into a huge subdivision in western Las Vegas, one of the hardest-hit areas. The houses look nice enough, but every third one has a for-sale sign, and there are almost no cars in any of the driveways. She picks a house at random, and we go to the back. She figures the odds are high that a squatter has left a door or window open. Indeed, the bathroom window has already been pried open, and the screen is bent, so I bend it a little more and squeeze...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...even of Sheldon Adelson, who has lost more during this recession than anyone else on the planet. The 76-year-old chairman of the Las Vegas Sands Corp., which owns the Venetian hotel, the Sands Expo and Convention Center and the Venetian Macao, was in 2007 and '08 the third richest person in the world, with - by his estimate - a net worth of $40 billion. By February of this year, he said he had lost $36.5 billion - more than the GDP of half of the countries in the world. In the years before that slide, banks were begging...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...buying. "You can't tell us how we're going to pay for this. You'll have to raise our taxes, when you said you wouldn't." Obama responded by outlining how he planned to fund the program: by eliminating medical-practice waste and insurance expenses, to cover two-thirds; and the remaining one-third by taxing those who make more than $250,000 a year. Noting that he is in the higher-income bracket, Obama said, "There's nothing wrong with me paying a little more to help people with less...

Author: /time Magazine | Title: Obama in Montana: No Fireworks, Inside or Out | 8/14/2009 | See Source »

...head of the English private security firm Anti-Piracy Maritime Security Solutions, told the BBC that a sinking was unlikely as the cargo would have been spotted floating in the open waters. "I strongly suspect that this is probably a commercial dispute with [the ship's] owner and a third party, and they've decided to take matters into their own hands," he said...

Author: /time Magazine | Title: Has Piracy Spread to Europe's Waters? | 8/13/2009 | See Source »

...During the war years, which lasted from 1989 until 2003, more than a third of Liberia's small population was displaced, a quarter of a million died, and countless women and men were victims of unthinkable cruelty. Many think that President Johnson Sirleaf, a Harvard-educated economist, can change the tide and take Liberia from post-conflict to development. She's often praised for her strong stand on corruption and her commitment to moving Liberia forward on the long road from conflict to recovery...

Author: /time Magazine | Title: Clinton Bolsters Liberia's Embattled President | 8/13/2009 | See Source »

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