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...rent ratio is the quick and dirty way of doing it - but that also makes it more accessible. It's easy to look at a price-rent ratio of 21.7 in Miami, compare it to a 15-year average of 16.8 and realize the market still has quite a bit of room to fall. Just like it's simple to see a price-rent ratio of 13.9 in Indianapolis, line it up against a long-term average of 14.8 for that area and decide it might be time to start house-hunting. If you click here...

Author: /time Magazine | Title: New Data Say House Prices May Be Nearing a Bottom | 1/8/2009 | See Source »

...think a man who deceived so many friends, associates, charities, and lied to them openly for so long, has a problem being a little bit deceitful in surrendering his books and records?" asks a former Los Angeles-based Treasury Department special agent who for decades specialized in white-collar fraud. "Of course he's hidden money; we're talking $50 or $100 million. It's a pittance to a guy like Madoff. Hiding money is a game for criminal minds, and there is no way Madoff's ever going to provide 100% of the information unless it exonerates...

Author: /time Magazine | Title: Where Has Bernie Madoff Buried His Loot? | 1/7/2009 | See Source »

...late Wednesday afternoon, Citgo and Kennedy announced a reversal. Kennedy thanked Chávez for his "genuine concern for the most vulnerable," adding a bit of political choreography for the Venezuelan's benefit: "This decision is a clear, direct message from President Chávez of his desire to strengthen relations between his country and the U.S.," he said, "particularly at this time, when a new U.S. Administration is scheduled to be sworn in within the next few weeks...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...little bit of a letdown,” Stone said. “There are swings in momentum and that was one of them...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: Harvard Surrenders Game, First Place to Dartmouth | 1/7/2009 | See Source »

...chilly Saturday in October, Mark Hitchcock and nine friends from New Zealand kick off a four-day bachelor party in Amsterdam with a bit of sightseeing. Rather than admiring the canals on a boat tour or sampling the wares at a coffee shop, however, the men opt for something more active - they mount a 17-ft.-long (5 m) bicycle decked out with a bar and karaoke machine. It takes just 10 minutes (and a couple of beers) before they remove their shirts, attracting the attention of female tourists. "How do we get on?" asks one young American woman...

Author: /time Magazine | Title: Party While You Pedal: Beer Biking in Amsterdam | 1/7/2009 | See Source »

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