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More important than absolute prices, though, is how they relate to what people earn. To gauge housing affordability, the data shop Fiserv compares the cost of houses with household income. By that count, homes nationwide at the end of March were only 7% more expensive than they were in 2000, before the bubble. In some markets - including Phoenix, Atlanta, Las Vegas and San Jose, Calif. - they were actually cheaper. In a way that they haven't in a very long time, home prices are starting to make economic sense...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

...Postcard: Bristol Bay," Bryan Walsh points out that if the Pebble Mine is built, it will produce billions in precious-metal wealth and create needed jobs [July 27]. But at what cost? Experts say it will foul the air and water and hurt salmon runs, among other atrocities. And the benefits will be exhausted within 50 years. I'm all for a sustainable resource like fish, which will bring jobs and provide profits for many more years to come. Also, there's great potential to earn cash through things like solar cells, especially in the land of the midnight...

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

...ended up finding the process rather exhilarating. But while buyers have the upper hand in this economy, there's still a fine art to the haggle. To learn it, we asked Teri Gault, who runs the popular savings website TheGroceryGame.com to show us her style. Gault turned a cost-cutting hobby into a career and says she gets a runner's high before haggling. She starts talking fast. She's pumped up. She's a bit strange. (See pictures of a grocery auction...

Author: /time Magazine | Title: In the Recession, Shoppers Are Becoming Hagglers | 8/10/2009 | See Source »

...obesity rate rises, it's not just waistlines that are expanding. The cost of medical care has ballooned, according to a new report in the policy and research journal Health Affairs. The study's authors compared medical data from 1998 and 2006 and found that obese Americans--who now make up a quarter of the U.S. population--are responsible for a $40 billion jump in annual medical spending. Obese people spend $1,400 more a year than people of normal weight on medical services, according to research data. Medicare doles out $600 more for obese beneficiaries; Medicaid pays $230 more...

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

...police [are] definitely a major stakeholder in change," says Patil of CHRI, "But they're not the only ones. The media has abdicated their responsibility of highlighting police excesses. And the force of public opinion must be brought to bear down on the political class, to make the cost of not reforming the police high enough to force them to act." If the anger over the Manipur and Kashmir cases is anything to go by, the force of public opinion is getting stronger. It remains to be seen whether the government will seize this opportunity to act decisively...

Author: /time Magazine | Title: Can India Reform Its Wayward Police Force? | 8/10/2009 | See Source »

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