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...excited. Once you take into account that houses sell for more money in the spring, that increase in the Case-Shiller data disappears - and Moody's Economy.com is still forecasting an additional 11% drop in home prices nationally...

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

...Take a drop or risk the trees? A few inches off either way, and the ball will ricochet into the forest. The stakes aren't high: Barack Obama, who has golfed almost every weekend since it got hot in Washington, plays a dollar a hole. But these leaders have more than money on the line. They are facing down their aides, men a fraction of their age. And no one wants to lose. (See pictures of the worst golf fashion...

Author: /time Magazine | Title: Barack Obama: America's (Not So Great) Golfer-in-Chief | 8/9/2009 | See Source »

...fight with Sienna Miller, as the mostly villainous Baroness. This PG-13 adventure boasts a lot of real and virtual shooting, but few of the major characters get killed. The only collateral damage is in the audience, where, as you sit through the movie, you can feel your IQ drop minute by minute. (Read a brief history...

Author: /time Magazine | Title: G.I. Joe: The Rise of Cobra: Straight to Self-Parody | 8/7/2009 | See Source »

...judge from the spiking numbers, those efforts may be having an effect. Despite criticism from the right that the stimulus was a waste and risked adding to government jobs, not private-sector ones, the unexpected drop in overall rates came with only an additional 7,000 jobs in the government sector. But July's indications of improvements do little to ease some economists' fears about long-term unemployment now that 1 in 3 unemployed persons has been looking for work for 27 weeks or more. Galbraith of the University of Texas at Austin believes that some workers have intentionally left...

Author: /time Magazine | Title: Unemployment Dips, but Long-Term Joblessness Remains a Concern | 8/7/2009 | See Source »

...numbers on upside-down borrowers. First American CoreLogic figures there were already 11 million homeowners in that position at the end of last year, and Moody's Economy.com estimates we had reached 15 million by the end of March. The Deutsche Bank projection assumes that house prices nationwide will drop an additional 14%. That forecast is starker than most, and if it doesn't come to pass, the problem of underwater borrowers won't be nearly as severe. (See how Americans are spending...

Author: /time Magazine | Title: Half of All Mortgage Holders Expected to Be Underwater | 8/5/2009 | See Source »

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