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...Green Valley Ranch, to the east of downtown Denver, is one neighborhood having a particularly tough time. Houses are still going up in the massive multiphase development, but within the new construction lurk bus benches advertising foreclosure assistance. Many of the people who have run into difficulty are first-time buyers who jumped into mortgages they couldn't afford in the long term. Now, as they endure the heart-wrenching saga of slowly losing their homes, the whole neighborhood suffers: according to a study by Dan Immergluck at the Georgia Institute of Technology, a house loses 1% of its value...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...book those profits. Establishing a fiduciary duty for mortgage sellers, which Congress is considering as well, is meant to realign interests. In the meantime, many banks are working with homeowners to renegotiate loan terms to avoid foreclosure. Still, the EZ Credit addiction is tough to cure. Drive through Green Valley Ranch, and you still see signs for 0 DOWN PAYMENT, 100% FINANCING...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

Though he masks it with charm, Efron pushes hard, maybe a little too hard, on the normal-guy thing. He frets about coming off as arrogant. He lives in a rented apartment in the Valley--not even a nice part of the Valley--which he cleans himself, or, more accurately, doesn't. He says he has no interest in fame, which is why he is one of the few High School Musical stars not to have signed a record contract. And why he refuses to have lunch at the Ivy, where people go to be shot by paparazzi...

Author: /time Magazine | Title: How Zac Efron Became the Cutest Guy Ever | 8/16/2007 | See Source »

...Battalion was ordered on Monday to support the police in clearing out the settlers, 38 soldiers refused to obey. Using cellphones, the soldiers immediately called their rabbis for moral guidance. They also called their parents, who tried to block the soldiers' bus from leaving its base in the Jordan Valley. "It was not for this that my son joined the army," one father, Moshe Rosenfeld, told Israeli Army Radio...

Author: /time Magazine | Title: An Army Mutiny in Israeli Settlements? | 8/7/2007 | See Source »

...Antonioni might be an art-film director, but he was no fool. He knew that making films in English would help him reach a wider audience; hence Blowup, Zabriskie Point (1970) and The Passenger (1975). He spoke Hollywood's language without ever going Hollywood. Death Valley, the location for Zabriskie Point, was as close as he got to La-la Land...

Author: /time Magazine | Title: When Antonioni Blew Up the Movies | 8/5/2007 | See Source »

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