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...government's decision to extend the $8,000 first-time home-buyer tax credit to mid-2010 and expand the program to include a $6,500 credit for non-first-time home buyers will likely help lure home shoppers into the market. Also, the slide in prices is making homes more affordable. Notes Burns: "If you go to Phoenix, it's $800 a month to buy a brand-new house," making it more affordable than renting...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

...million debit and credit cards - around a quarter of all those in circulation in Germany - have been rendered unreadable by the software bug, causing chaos across the country. The situation harks back to the fears over the so-called millennium bug, which many experts thought would cause computer systems around the world to crash when the year switched over from 1999 to 2000. The difference: the millennium bug turned out to be a false alarm. In Germany, the Year 2010 bug has left millions of people fuming at the ATM. (See the top 10 panics...

Author: /time Magazine | Title: The Year 2010 Bug Strikes German Bank Cards | 1/7/2010 | See Source »

...Amaker praised the freshman’s talent, Casey deflected credit, emphasizing the benefits of hard work on the court...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: NOTEBOOK: Homecoming Sweet for Crimson's Lin | 1/5/2010 | See Source »

Warren has argued for the creation of a Consumer Financial Protection Agency, which would regulate financial products like mortgages and credit cards to improve transparency and customers' understanding of their terms and conditions. She has envisioned the creation of an agency overseeing such financial products "for a long time," according to Law School Professor Charles Fried...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Bank Bailout Overseer, an HLS Professor, Named Bostonian of the Year | 1/5/2010 | See Source »

...alternative but to continue the approach of multilateral diplomacy through the six-party talks to coax North Korea into relinquishing its nukes. And that policy remained despite repeated North Korean nuclear and missile tests. Nobody expected anything different from the Obama Administration, and Obama, to his credit, didn't bother to create the illusion that there were any good alternatives. (See pictures of Bill Clinton's North Korea rescue mission...

Author: /time Magazine | Title: Why Obama Defaulted to Bush Foreign Policy Positions | 1/4/2010 | See Source »

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