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...rise in sales does not represent a bottom at all. It is more likely that any movement of buyers into the market will cause desperate sellers to offer homes at lower and lower prices rather than hold onto houses that they cannot afford and may not make money on even if they could hold them for another decade...

Author: /time Magazine | Title: The Housing Mirage: Misleading Numbers | 3/24/2009 | See Source »

...Most data that the government and national business associations will put out over the next several quarters is likely to appear two-edged, at least at first. Housing prices cannot go to zero, so, at some point, the rate at which home values are dropping will slow. Resale rates may go up, but buying homes which have been in foreclosure for months is an incorporeal piece of information. If buyers start to purchase homes on the normal economic basis of being a transaction between private buyer and private seller then the market will have something to celebrate. (See pictures...

Author: /time Magazine | Title: The Housing Mirage: Misleading Numbers | 3/24/2009 | See Source »

...Corporate earnings were worse than expected in the fourth quarter of last year. With the end of the current quarter a week away, the largest American companies will begin the process of "pre-announcing" their numbers. Most public companies want to race out bad news quickly, so that they cannot be accused of sitting on material information that could be damaging to shareholders any longer than is necessary. Earnings for the first quarter of 2009 will be dismal. Securities analysts, with a multi-decade track record of being overly optimistic, are the very people whom investors rely on for forecasts...

Author: /time Magazine | Title: Why the Market Rally Is Like Waiting for Godot | 3/24/2009 | See Source »

...want this to alarm the public to the point they aren't giving children appropriate medical care." It could be dangerous to deny children surgery to spare them the anesthesia, Wilder says, since in most cases of pediatric surgery, the procedure is a necessary and potentially lifesaving one that cannot be avoided or postponed...

Author: /time Magazine | Title: Study: Anesthesia in Infancy Linked to Later Disabilities | 3/24/2009 | See Source »

...institutions in favor of smaller facilities, closer to kids' homes, that offer more specialized services, like mental-health and drug counseling and education. In the process, the state claims to have reduced recidivism rates for juvenile offenders to 10%, compared with a national rate of 40% to 50%. "We cannot incarcerate our way out of this problem of juvenile crime," says Shay Bilchik, director of Georgetown University's Center for Juvenile Justice Reform, who served as Clinton's point person on juvenile issues at the Justice Department...

Author: /time Magazine | Title: Getting the Juvenile-Justice System to Grow Up | 3/24/2009 | See Source »

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