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That may seem dismal to anyone waiting for a housing-market rebound, but there is also some cause for cautious optimism in the Trulia analysis, which plumbed listings from brokers, agents, third-party aggregators and multiple-listing services on July 1. Some markets that were hit early and hard in...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

As for Michael Jackson's reigning final show - Tuesday's world-televised memorial - cost estimates came in significantly less than expected. But the question remains: who's going to pick up the tab? The city of Los Angeles spent about $1.4 million on all aspects of the memorial, city officials...

Author: /time Magazine | Title: Jackson May Play London After All, Via Footage | 7/10/2009 | See Source »

A big reason for the relatively low price tag: the lack of unticketed fans showing up at the Staples Center. City officials and memorial organizers had feared thousands would descend on Los Angeles to pay tribute to Jackson. "People listened to the warning and just stayed home," Michael Roth, vice...

Author: /time Magazine | Title: Jackson May Play London After All, Via Footage | 7/10/2009 | See Source »

The Gist: It's the small silver lining to the twin scourges of high gas prices and economic turmoil: traffic congestion has eased. But only a little. One of the nation's most comprehensive studies of traffic delays and "urban mobility" found a slight drop-off in traffic tie-ups...

Author: /time Magazine | Title: America: Still Stuck in Traffic | 7/9/2009 | See Source »

3. The victims: Perhaps unsurprisingly, the nation's most congested area is greater Los Angeles, where travelers spend an average of 70 hours per year in traffic, wasting 53 gal. of fuel. Next up is greater Washington, at 62 hours; Atlanta rounds out the top three, at 57 hours. Of...

Author: /time Magazine | Title: America: Still Stuck in Traffic | 7/9/2009 | See Source »

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