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...Washington Home Sales on the Upswing At last, some good news on the housing front. In June, sales of new U.S. one-family homes saw their strongest increase in more than eight years as buyers hurried to take advantage of bargain-basement prices, low interest rates and a federal tax credit for first-time homeowners. Home prices are still dropping, however, with the median June figure of $206,200 down 12% from $234,300 a year earlier. And with a huge backlog of unsold homes, analysts continue to disagree on whether the higher-than-expected increase signals a coming recovery...

Author: /time Magazine | Title: The World | 8/10/2009 | See Source »

...That deal later foundered as each side accused the other of not living up to its details. (Both sides had a case.) But Clinton, as President, didn't waver from his belief that a grand bargain with the North was possible - not just denuclearization but an eventual peace treaty and normalization of relations between Washington and Pyongyang. In October 2000, late in his second term, Clinton sent his Secretary of State, Madeleine Albright, to meet with Kim Jong Il in Pyongyang, where they famously clinked champagne glasses. The former President even flirted with the idea of going to North Korea...

Author: /time Magazine | Title: Freed U.S. Journalists Arrive Home | 8/5/2009 | See Source »

...city block can contain a Mexican vendor selling sweet flavored ice, a Middle Eastern cart full of fresh mangoes, a Dominican cafe cooking spicy sandwiches, and an old Jewish deli hawking hunks of pastrami (all cheap, for the visitor). Some blocks resemble a World's Fair of bargain grocery stores, places of worship, and trendy bars. Red brick housing projects hide not far away. Even while standing at the base of a solid and impressive historic landmark, the outsider cannot escape feeling the juxtapositions in his gut. Novelist Price enjoys visiting Schiller's in part for the decor, which...

Author: By Alex M. Mcleese | Title: Yesterday and Today | 8/4/2009 | See Source »

...like these may be a bargain, but they also circumnavigate national requirements for accredited schools, which govern student admission, fees and faculty salaries. Carnegie Mellon, for instance, now selects students jointly with its private Indian counterpart, and sets its own curriculum that is taught by local faculty. Under the proposed legislation, schools would continue to operate with those special concessions. But Sibal plans to make it mandatory for foreign universities to reserve seats for the underprivileged - a requirement that has not gone down well with many academicians. "If a country's aim is to educate the poor, then many foreign...

Author: /time Magazine | Title: India to Foreign Colleges: Set Up Campus Here | 7/31/2009 | See Source »

...news of the manuscripts has filtered out over the past few years, another group of visitors has begun arriving: antiques collectors and dealers looking to snap up rare and valuable treasures at bargain prices. Locals say the number of collectors has increased markedly over the past year. The village of Ber, an hour's drive from Timbuktu across the blazing sand and past boys leading donkeys that haul spindly thorn branches home for firewood, might seem remote and protected. But when I arrived there in May, collectors had recently visited in search of manuscripts, according to locals. "Since April, people...

Author: /time Magazine | Title: Lost Treasures of Timbuktu | 7/30/2009 | See Source »

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