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...area dropped 92% in October, compared with the same month a year earlier. In November the county issued 80 new home permits, down from an average of almost 500 permits a month in 2007. Housing prices have deflated with a deafening groan. Keith Schwer, who runs the Center for Business and Economic Research at the University of Nevada-Las Vegas, estimates that 50% of homeowners owe more than what their home is worth. Perhaps the only positive note is that housing prices have returned to more reasonable levels. "We're getting back into the affordability range," Schwer says. "The only...
What happened to recession-proof Vegas? The short answer is that the city placed most of its bets on the tourism industry. For a long time it paid off, but, says Keith Schwer, director of the Center for Business and Economic Research at the University of Nevada at Las Vegas, "if you ride a fast horse, you have the likelihood of greater volatility...
...fine a musical artist as any in the 20th century, up there in a group that included Ella Fitzgerald, Judy Garland and Peggy Lee. Jo Stafford, who died July 16 at age 90, sang directly in the center of the note, and her sound was as clear as a Spanish town at noon. Stafford was also remarkable for the diversity of the material she tackled. She was one of the greatest ballad singers who ever lived, but she sang pop songs--her 1952 hit You Belong to Me sold 2 million copies--as well as folk music, country songs...
Samuel P. Huntington was unafraid to launch his ideas onto the center of the intellectual stage, even when they sparked considerable controversy. But friends and family said they will remember the bespectacled political scientist for his gentle, reserved nature, and commitment to scholarship and education...
Saturday was more of the same, once the lights were back on. Obama, accompanied by his wife Michelle and Chicago friends Valerie Jarrett, Eric Whitaker and Martin Nesbitt, went to the Semper Fit Center for a morning workout. When Obama emerged at about 8:45 a.m., his Chicago White Sox cap worn backward, he briefly flashed the "shaka," a Hawaiian gesture that means everything from "hey there" to "hang loose...