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...Scottsdale, Arizona, Gayle Henderson, a real estate agent at RE/MAX Excalibur, still works with the high end of the market, but today that job takes a different shape. She was recently approached by Luxury Home Magazine to write a piece on short sales - that is, selling your house for less than what you owe on your mortgage. "What might have been selling at $2 million two years ago could be selling for $1.2 million today," says Henderson. Compounding the problem: people who buy expensive homes often want them as second homes. Those folks are most certainly gone from the market...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...Arizona FDA Crackdown The Food and Drug Administration warned consumers to stop using three Zicam cold and allergy products, after receiving more than 130 complaints that the popular sprays and swabs can permanently damage or destroy users' sense of smell. The announcement highlights the FDA's attempt to regulate drug companies more aggressively and underscores the agency's lack of power--it cannot order product recalls and does not consistently monitor "homeopathic" remedies like Zicam. Matrixx Initiatives, the product's manufacturer, refused to stop selling the medications and called the alert "unwarranted." In 2006 the company, based in Scottsdale, Ariz...

Author: /time Magazine | Title: The World | 6/29/2009 | See Source »

...still standardize. Uncertainty shouldn't be an excuse to ignore data." Mayo has teams working on evidence-based protocols to reduce the use of intensive care, lower valve-replacement costs and avoid unneeded transfusions. It's standardizing a handoff protocol that reduced errors after shift changes at its Arizona branch, as well as a program that boosted patient satisfaction by teaching doctors at its Florida branch to listen better. Mayo even has its own registry to track artificial joints, which are expected to increase fivefold by 2030 as baby boomers seek spare parts. Reducing the failure rate for artificial hips...

Author: /time Magazine | Title: How to Cut Health-Care Costs: Less Care, More Data | 6/23/2009 | See Source »

...monitoring launch preparations at several North Korean launch sites, while other U.S. surveillance platforms are following the progress of the Kang Nam, a North Korean vessel suspected of ferrying banned arms, missiles or nuclear components. The destroyer U.S.S. John S. McCain - named for the father and grandfather of the Arizona Senator, both admirals - is trailing the 2,000-ton vessel. According to South Korean television, the ship is headed to Burma, a nation run by a military dictatorship and a suspected longtime buyer of North Korean weaponry. "If we have hard evidence" that the ship is carrying banned weaponry, Senator...

Author: /time Magazine | Title: The North Korean Showdown Ratchets Up | 6/22/2009 | See Source »

...This is a joke," said Arizona Senator John McCain. "This is the most incredible markup I've been to in my years in the Senate and in Congress. I suggest we not move forward until we have some provision on how we're going to pay for it." New Hampshire Republican Judd Gregg added that he didn't know who had written what he had seen of the bill, "but if it had been Rube Goldberg, Ira Magaziner [the architect of the failed 1994 Clinton health-care plan] and Karl Marx, you might have gotten this product...

Author: /time Magazine | Title: A Health-Care Reality Check Slows Congress | 6/18/2009 | See Source »

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