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...increase in the rate of home sales was viewed by many as the beginning of a bottom in the housing market. The slide of nearly three years has been blamed for a great deal of the collapse in the banking and credit systems...

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

...applicants. How much experience does he or anyone in the county have with these kinds of processes? "Zero," says McKenzie, a 20-year county-planning employee. "These are the two biggest plants in the world ... This county is getting to be one of the first folks to deal with it." Will any of these projects make it by 2010? "There's a possibility," he says, adding that the county is "making a concerted effort to keep time frames down" but that there could be a "whole slew of stumbling blocks...

Author: /time Magazine | Title: Solar Power: Eco-Friendly or Environmental Blight? | 3/24/2009 | See Source »

...Greg's actions over the last two months, moving in and out of the Commerce job and then immediately attacking Administration economic policy, appear to be the workings of a confused mind. His record as a member of the Senate may be unspectacular. However, it says a great deal about the state of the discourse regarding the budget that his observation is one of the few, by a ranking Senator in his party, which mentions the term "bankrupt" to refer to what could become of the American government...

Author: /time Magazine | Title: Senator Gregg and the Princes of Anarchy | 3/23/2009 | See Source »

...women swimmers in the Ivy League, the NCAA Championship is a big deal. Such a big deal, that this year only three female swimmers from all eight Ivy League schools attended.Two came from Harvard.Finishing the year off on a high note, junior Ali Clarke and sophomore Kate Mills received invites to the 2009 NCAA Swimming and Diving Championships at Texas A&M after solid performances at this year’s Ivy League championships.Invited after placing first at Ivies, Mills was tapped to race in her signature event, the 200-yard freestyle. She also competed in the 200-yard butterfly...

Author: By Alex Sopko, CONTRIBUTING WRITER | Title: WEB UPDATE: Clark, Mills Make Waves at NCAAs | 3/23/2009 | See Source »

...when it spent $2.3 billion to buy Ford Motor's lossmaking Jaguar and Land Rover (JLR) business. Since then, demand for luxury vehicles has tanked, sales of Tata Motors other models have softened, and the company faces a looming deadline to refinance $2 billion in loans for the JLR deal. "That's a major cash-flow crunch for them," Jajoo says. The company is pursuing several options: floating shares of Tata Motors, rolling over the JLR loan at a higher interest rate, and getting a bailout for JLR from the British government. "Tata Motors is progressing on the refinancing options...

Author: /time Magazine | Title: The World's Cheapest Car Debuts in India | 3/23/2009 | See Source »

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