Vol. 165 No. 24
COVER
Record home prices are inflaming passions--and pocketbooks--as never before. Inside our raucous obsession with real estate
How the Boom is Changing Lives (Cover Story)
Some neighbors go back 50 years. Others are newcomers. But teardowns, renovations and sweet, sweet profits have touched them all
Look Out: Bulldozer Ahead! (Cover Story)
The teardown craze gets crazier
The (Surprising) Case for Renting (Cover Story)
Mortgage?
NATION
After 33 years of secrecy, Deep Throat's identity is revealed. But questions persist over his motivations and how valuable a source he really was in the scandal that brought down a President
The Saga Unfolds (Timeline)
He helped bring down a President, but for decades Deep Throat's identity was a secret
WORLD
Iran's once restive youth is more interested in making money than in politics. An intimate look at how the regime bought off a generation
The Comeback Cleric
Eight years after leaving office, Rafsanjani is poised to become Iran's President again. Will he win over the West this time?
Charm and Defiance (Interview)
Former Iranian President Ali Akbar Hashemi Rafsanjani met with TIME's Scott MacLeod and Nahid Siamdoust to discuss the U.S., Rafsanjani's presidential campaign and Iran's nukes. Excerpts:
HEALTH & MEDICINE
Food lovers are developing a taste for "heritage" breeds ignored by big farms and nearly extinct
Would You Eat A Clone? (Food)
NOTEBOOK
The CIA director is no longer automatically welcome at National Security Council meetings
The Naysayers of Europe
What's next after France and the Netherlands vote no on the EU constitution?
Wall Street Wins? (Speed Read)
The corporate reform movement faces new hurdles
On the P.R. Battlefield
The U.S. dispatches psy-ops warriors with plans for pro-American publicity campaigns
Be a Billionaire ... For a Week
Part-time luxury lets consumers sample the (very) high life
Blogwatch
Milestones
28 Years Ago In TIME
Which Brand Would You Buy? (In The Arena)
In the marketplace of politics, two new choices are being tested
Verbatim
Punchlines
Numbers
ARTS & ENTERTAINMENT
Need surgery? Can't afford college? House too small? If you've got a sad story, the networks would love to help
For Children of All Ages (Movies)
Three new kids' movies try to appeal to young and old. But you can't always have it both ways
Batman Gets a New Vehicle (Movies)
And it's one tricked-out Batmobile. The movie, on the other hand, isn't exactly a smooth ride
The Case for Clutter (Photography)
Lee Friedlander loves the sheer multitudinousness of the world. A vivid show makes it hard to disagree
Woolf in Lizard's Clothing? (Books)
the author of The Hours, returns with a risky and admirably reptilian novel
X&Y and Too Much Zzzzz (Music)
Coldplay's new album has soaring melodies and terrific hooks. If only the lyrics weren't such a drag
5 Fantastic Graphic Novels
These books are topical, complex and well written. They're also illustrated
YOUR TIME
A Shingles Vaccine (Health)
Fun In The Sun (Fitness)
PEOPLE
Dave Chappelle: The Next Stage
One Small Snip, One Giant Snap
10 Questions for Danica Patrick (Interview)
Then There Were Two
LETTERS
ESSAY
With Deep Throat in the script, the intrigue turned reporters into secret agents
ALSO IN THIS ISSUE
AN UNLIKELY ALLIANCE OF HAWKS, DOVES AND GREENS HAS A PLAN TO HELP AMERICA GUZZLE LESS GAS. COULD IT WORK?
Hitting the Road in Style (Time Bonus Section July 2005: Inside Business / Biz Briefs)
HP Changes Its Imaging (Time Bonus Section July 2005: Inside Business / Biz Briefs)
Bling for Beauty (Time Bonus Section July 2005: Inside Business / Biz Briefs)
Google 2.0 (Time Bonus Section July 2005: Inside Business / Biz Briefs)
Penney Pusher (Time Bonus Section July 2005: Inside Business / Biz Briefs)
Turning Waste into Fuel (Time Bonus Section July 2005: Inside Business / Energy)
A DANISH BIOTECH FIRM WORKS ON ANSWERS
Coffee, Tea, CD? (Time Bonus Section July 2005: Inside Business / Marketing)
STARBUCKS WANTS YOU TO DOWNLOAD SONGS AND BURN CDS WHILE YOU SIP YOUR JAVA. WILL IT PAY?
Fast-Food Face-Off (Time Bonus Section July 2005: Inside Business / Strategy)
THE BURGER WARS ARE HEATING UP AS WENDY'S TRIES, ANY WAY IT CAN, TO RECLAIM ITS TITLE OF SHORT-ORDER INNOVATOR
Risky Business (Time Bonus Section July 2005: Inside Business)
ONE LITTLE-KNOWN AIRLINE IS RAKING IN PROFITS BY PROVIDING TRANSPORT FOR THE PENTAGON
The Paper Trade (Time Bonus Section July 2005: Inside Business / Media)
DIGITAL MAY BE THE NEW PRINT, BUT DON'T TRY TO TELL THIS EXEC THAT PAPERS ARE YESTERDAY'S NEWS. HERE'S HIS READ
Fishing for Black Gold (Time Bonus Section July 2005: Inside Business / Entrepreneurs)
AFTER BATTLING BUREAUCRATS OVER BELUGA CAVIAR, A GROUP OF ENTREPRENEURS MAY FINALLY NET THEIR TASTY TREASURE