Word: approachers
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...trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until at least 2011. (See high-end homes that won't sell...
...reached historic highs - weighing the wisdom of both decisions. In Washington, backers of McChrystal and his manpower-intensive counterinsurgency strategy say delaying the dispatch of reinforcements endangers the mission, but those who are more skeptical of the military's ability to turn the situation around praise Obama's methodical approach, in hopes it will prevent Afghanistan from becoming another Vietnam. (Watch a slideshow of the war in Afghanistan...
...America's top military officer has endorsed the President's go-slow approach. "There's been a lot of discussions, a lot of questions and clarifications on exactly what the specifics are, and quite frankly I applaud that," Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, said on Wednesday. "I do expect that the President will make a decision here in the next few weeks." Mullen added that McChrystal recently told him that the "deliberations have really shed light in areas that have been very important to review to a depth and a breadth to really understand what...
...University of Miami's Institute for Cuban and Cuban-American Studies. "Until those conditions change, I will not return." But while he supports the travel ban, Azel recognizes the views of the old guard are changing. "Exiles themselves have changed," he says. "They have moved from a bellicose military approach and understand that now they must come at it from political processes." (See a photoessay about an artist expressing Cuban life...
Mexico has finally altered its approach to the drug problem, if only slightly. In August, Mexico legalized the possession of small amounts of heroin, cocaine, and marijuana. While this may bring about slight improvements in the justice system in Mexico, the law is unlikely to halt the violence that stems in large part from Calderón’s policies and the consumption habits of the U.S. These two forces are undermining the stability of Mexico and will soon threaten the U.S as well...