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...area New York home prices peaked in the second quarter of 2007 at $552,000. By the first quarter of 2009, the median price had dropped 19%, to $446,000, but the market swoon was less than half the drop recorded in many other areas of the country. Today among the 10 biggest metropolitan areas, New York ranks as the least affordable...

Author: /time Magazine | Title: New York Home Prices Forecast to Drop 40% | 6/16/2009 | See Source »

Andrew Sullivan posts on the Daily Dish a seven-point manifesto that was reportedly being distributed in the resistance on Monday. The manifesto calls for, among other things, the removal of Khameini from the post of Supreme Leader and for Ayatullah Montazeri to step in until a new constitution is established...

Author: /time Magazine | Title: Iran Election: Khamenei Calls for National Unity | 6/16/2009 | See Source »

...republic has never been able to seal tight state rule over society: it is a sloppy authoritarian state with elements of democracy. Iranian democracy may not be recognizably Western, but its dynamic seeps into the highest echelons of power, even if it is embodied in an instinct for consensus among a clerical élite with diverse opinions. It is a dynamic that even Khamenei has to answer...

Author: /time Magazine | Title: Could Ayatullah Khamenei Be Vulnerable? | 6/15/2009 | See Source »

...From revolution to freedom" - that was the message that spread among supporters of Iranian opposition leader Mir-Hossein Mousavi today. The phrase refers to the two main squares in midtown Tehran, where a large demonstration took place to protest what millions of Iranians believe was a rigged presidential election. And although the Interior Ministry kept broadcasting a communiqué warning that no permit had been issued for the rally, 2 million to 3 million Iranians from a broad cross section of society converged on Freedom Square to demand a recount...

Author: /time Magazine | Title: Tehran's Rallying Cry: 'We Are the People of Iran' | 6/15/2009 | See Source »

...than broken down by province, as in previous elections. They also charge that some numbers simply don't make sense, such as Ahmadinejad's higher count in Mousavi's hometown of Tabriz and the other moderate challenger Mehdi Karroubi's less than 1% vote count, despite his relative popularity among ethnic Lors, Kurds and Sufis, as well as women's and students' rights activists...

Author: /time Magazine | Title: Tehran's Rallying Cry: 'We Are the People of Iran' | 6/15/2009 | See Source »

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