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...rising interest payments on ever less valuable houses, there is mounting fear - and a belated realization that property is not a one-way bet, after all. "It's always good to remind people that investing in long-term, expensive assets is a risky business," says Michael Ball, professor of urban and property economics at the University of Reading Business School. The current wobble has "brought a good dose of realism to the market...

Author: /time Magazine | Title: Trouble at Home | 5/21/2008 | See Source »

...army forces viewed scenes of widespread destruction as they entered Sadr City. Roughly 10,000 Iraqi troops moved through block after block of burnt and shattered buildings. Iraqi army Humvees slogged through pools of standing water that could come to pose a serious health threat in the densely packed urban area as well...

Author: /time Magazine | Title: Has Maliki Conquered Sadr City? | 5/21/2008 | See Source »

Perhaps some Iraqi and American commanders hoped for an Alamo scene in Mosul, the guerrilla movement's last urban stronghold in Iraq. But it appears the insurgents have decided to melt away rather than take part in the "decisive battle" Maliki vowed to unleash months ago when Mosul reemerged as an insurgent haven...

Author: /time Magazine | Title: Maliki's Mosul Offensive | 5/16/2008 | See Source »

...19th century, the neighborhood hosted luminaries like Langston Hughes and W.E.B. Du Bois during its renaissance in the 1920s and '30s. Billie Holiday performed at the Apollo, and Fidel Castro stayed at the Hotel Theresa. In later decades, Harlem withered as soaring crime rates made it a symbol of urban blight. But since the 1990s, as Manhattan real estate prices have skyrocketed, the district's legacy and its perch atop Central Park have enticed real estate developers searching for the next up-and-coming neighborhood. The rezoning augurs wholesale changes, including luxury office towers and apartments. Much of Harlem...

Author: /time Magazine | Title: Postcard: Harlem | 5/15/2008 | See Source »

Race is an unavoidable factor on most of L.A.'s school campuses, where such outbreaks have occurred occasionally in recent years - though rarely involving such numbers. There is ongoing debate about how much tension between the races plays a role. Activist Earl Ofari Hutchinson of the Los Angeles Urban Policy Roundtable called for black and Latino students join in a "Unity Day" against violence, saying L.A. school officials had failed for too long to act to quell tensions between the groups. "That failure is a prescription for continuing disaster," Hutchinson said...

Author: /time Magazine | Title: Black vs. Brown at LA School | 5/15/2008 | See Source »

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