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...Although it is counterintuitive, the best approach to reversing the falling prices of homes may be to push the housing market to a deep trough as quickly as possible. This would mean that the government would not provide any assistance for current homeowners and give no financial aid to people who might buy a residence using tax credits. The idea of a benefit of up to $15,000 for those purchasing a home has already been floated in the debates over the stimulus package. Bringing housing back to a period of "affordable" prices means the government needs to stay...

Author: /time Magazine | Title: Saving the Housing Market By Speeding Up Foreclosures | 2/18/2009 | See Source »

...when trading was suspended in December. Minmetal's will pay a 50% premium on that. Clearly, for China - whose voracious appetite for metals and minerals drove commodity prices sky high until last year's bust - the timing is now right. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle, a Shanghai-based analyst at logistics company BOC International. "China is now making strategic investments overseas at a comparatively lower cost...

Author: /time Magazine | Title: China Buys Australia On the Cheap | 2/17/2009 | See Source »

...advocates for nationalizing U.S. banks have been out in force recently. Senator Lindsay Graham, who almost certainly does not have a PhD in economics or finance told ABC News that banks were in such deep trouble that government ownership of the institutions may be the only way to save the financial system. Economist Nouriel Roubini, who probably has several advanced degrees, wrote in The Washington Post that the Swedes set a precedent for bank nationalization nearly 20 years ago. The first counter to his argument is that it is dark over 20 hours a day in Sweden during the winter...

Author: /time Magazine | Title: The Case for Nationalizing the Entire Economy | 2/16/2009 | See Source »

...bench proved to be more supplemental than instrumental to the Big Red’s game plan. Freed up by Foote, Wroblewski led the Big Red’s nonstarters with his shooting and contributed 17-of-44 points from the bench.“They’re deep,” Amaker said. “They’ve been very successful and I think they have a lot of experience. You see that and the size of the kids and their bodies and how efficient they were—they had a lot of weapons. They...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: NOTEBOOK: Crimson Can’t Make Up Deficit | 2/16/2009 | See Source »

...seconds: Noruwa Agho is at the line for two, with the chance to take the lead. He misses the first, drains the second. The Crimson need to dig deep and find its offense. HARVARD 57, COLUMBIA...

Author: By Crimson staff | Title: LIVE BLOG: MEN'S BASKETBALL AT COLUMBIA | 2/14/2009 | See Source »

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