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...single-family homes started. Over the same period of time, 87,000 were sold. At the current rate of sale, all the new homes on the market would be gone in 8.8 months. That's still above a more normal four- to six-month supply - but taking into account how long it takes to ramp up new construction, it's not necessarily an illogical time to start building. Consider how quickly that excess inventory has been burned off: as recently as this past January, there was a 12.4-month supply of new houses...
...think there's more of an opportunity for philanthropists to make a difference now on account of the recession...
...past six months as demand from China has driven up the price of raw materials. Helped by trade with China, Asia's export-driven economies are sputtering back to life. Overall, the International Monetary Fund (IMF) forecasts that in the three years from 2008 to 2010, China will, astonishingly, account for almost three-quarters of the world's economic growth. Not surprisingly, China has now become the focus of a world that is looking for a way out of the swamp. As Shanghai-based economist Andy Xie puts it, "Everyone wants to know the same thing: Can China save...
...excited. Once you take into account that houses sell for more money in the spring, that increase in the Case-Shiller data disappears - and Moody's Economy.com is still forecasting an additional 11% drop in home prices nationally...
...endless campaign - close to two years of political and cultural combat among a sprawling cast of presidential hopefuls that, eventually, led to a history-making Commander in Chief. Journalists Dan Balz and Haynes Johnson - current and former Washington Post reporters, respectively - capture the momentous contest in a polished account refreshingly free of last year's breathless soundbites, pundit insta-reaction or fixation on trifling gaffes (the maelstrom over President Obama's "lipstick on a pig" comment warrants barely a mention). Instead, it provides an evenhanded and comprehensive account of the race, based on interviews with key players and enhanced...