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...second shock to the real estate industry was the decline of the condominium market. Until only about a year ago, the U.S. was crazy for condos. More than 2.5 million units opened in a decade. But that produced a vast excess of supply, notably in California, Texas and 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...

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

...trained a variety of military units in antiterrorist tactics: the special operations Delta Force, the Army's helicopter unit Task Force 168, the Navy's SEALs (for Sea, Air and Land forces) and the Air Force's First Special Operations Wing. West Germany has its G.S.G. 9 antiterrorist group, while the British government has recently decided to station units of its highly regarded Special Air Services at five airports. As British Prime Minister Margaret Thatcher told the American lawyers in July, "We have behind us many fine declarations and communiqués of good intent. We need action, action to which...

Author: /time Magazine | Title: The Riskiest Kind of Operation | 6/21/2005 | See Source »

While the Chiba strikers were unapologetic about the disruption and the damage, the Locomotive Engineers' Union roundly denounced the mayhem. "We cannot tolerate the destruction of our own system, no matter what," said a union spokesman. At week's end the government created a special unit of 320 detectives to investigate the crimes. --By Susan Tifft. Reported by S. Chang/Tokyo

Author: /time Magazine | Title: Japan: Paralysis on the Tracks | 6/21/2005 | See Source »

...nurse, I know that the human body is a well-integrated unit, each organ depending on other body parts for perfect functioning. If a vital organ such as the heart, lung or liver gives out, the support systems are weakened as well. Patients are unrealistic when they expect every operation to be a medical miracle. But doctors are equally unrealistic when they try to play God. Beatrice Warren Aptos, Calif. Women...

Author: /time Magazine | Title: Letters: Jan. 6, 1986 | 6/21/2005 | See Source »

...formidable, even frightening. In the intensive-care nursery at nearby Wyler Children's Hospital, a part of the University of Chicago, an unnamed 2-1b. boy, born in the sixth month of pregnancy, is sustained with the help of something called a radiant warmer bed, plus a phototherapy unit, an infant ventilator, three volumetric infusion pumps, a transcutaneous oxygen monitor and a cardiac-respiratory monitor...

Author: /time Magazine | Title: In Illinois: Victims of Grand Boulevard | 6/21/2005 | See Source »

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