Word: augustness
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...liners, the challenges facing the general are no joke. As the NBA tips off its 2008-'09 regular season this week, Johnson will inherit a demoralized group of referees who have taken a public beating in the fallout from the Tim Donaghy scandal. In August of 2007, Donaghy, a veteran NBA official of 13 years, pleaded guilty to two felony charges related to gambling. He admitted to passing along inside information about referee-player relationships and the physical condition of players to gamblers in exchange for cash. He also copped to betting on basketball games himself, and was ultimately sentenced...
...there are nascent signs of a bottoming out. The rate of sales decline slowed in August, according to Case-Shiller, and in September existing home sales rose 5.5% nationally, which means buyers are finally being lured to the market by low prices. The big question: Will a recession that is gaining momentum break through housing's floor again? In other words, Is this real estate's dead-cat bounce...
...generation," Zalewski told TIME. "Well, at least seven years," he said before modifying his forecast yet again. "Let's go with a decade," he finally concluded. Let's. The latest Case-Shiller Home Price Index for a 20-city composite showed that prices recorded a 1% drop in August and were down 16.6% for the past 12 months. Miami had a 1.8% monthly drop and a 28.1% tumble over the past year; in San Francisco, it was -3.5% monthly and -27.3% for the year...
...offers on four foreclosed or distressed-seller homes. And while two of his offers were above the asking price, none have been accepted. He is not the only one being rejected. Of the four houses Delao has considered, two remain unsold. He made his most recent offer in late August, and is still waiting to hear back from the seller's bank to find out if it will be approved. "Seems like it is just screwed up all around," says Delao. "It's a great time to get into the real estate market, but the process to go through...
...LinkedIn's main revenue streams, accounting for about 30% of its take. That's a good business these days as the economy sinks deeper into the tank and more people turn to their social networks to find jobs. In fact, job searches on LinkedIn increased 19% from August to September alone, a company spokesman told me. With unemployment expected to reach double digits next year, you can expect those numbers to continue their sorry increase...