I am pulling my hair out trying to understand what is wrong with my MiKTex installation. I have installed the latest version of MiKTex 2.7 and my latex files give rendering errors in Yap (the latest version). The error is listed below. Also, I noticed in the install log file I captured from MiKTeX the following weird messages:
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Loading package database...
starting package maintenance...
installation directory: "C:\Program Files (x86)\MiKTeX 2.7"
package repository: "C:\Program Files\MiKTeX2.7"
opening repository "C:\Program Files\MiKTeX2.7"...
repository type: local package repository
loading lightweight database file...
DBlight digest: e715502a66cbbb1b38c38a66e7a1220f
going to install 53443 file(s) (1628 package(s))
problem: C:\Program Files (x86)\MiKTeX 2.7\miktex\bin\MiKTeX207-core-PS.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.7\miktex\bin\MiKTeX207-core.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.7\miktex\bin\MiKTeX207-packagemanager-PS.dll does not exist
problem: C:\Program Files (x86)\MiKTeX 2.7\miktex\bin\MiKTeX207-packagemanager.dll does not exist
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They seem to be common errors because I have seen the posted elsewhere. Are the errors normal? After installation, (ignoring the errors) when I compile my file, Yap gives the following error. It is inside a "MiKTeX Problem Report" window
and states in the data field:
This is dvips(k) 5.96dev Copyright 2007 Radical Eye Software (http://www.radicaleye.com)
' TeX output 2008.10.17:1256' ->
C:\Program Files (x86)\MiKTeX 2.7\miktex\bin\dvips.exe: ! Couldn't find header file times.pfb.
Note that an absolute path or a relative path with .. are denied in -R2 mode.
This error prompted me to investigate a few things. For one, I cannot find the usual "TEXMF" files anywhere! Usually they are at C:\Tex.... Is TEXMF still used? Where are they supposed to be when you install for all users?
I fixed this problem before but I did a dumb thing and try to \usepackage{algorithm} (which did not work) so I reinstalled the complete MiKTex package and broke it

Please help!