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From any vantage point, the situation is grim. Construction in the area dropped 92% in October, compared with the same month a year earlier. In November the county issued 80 new home permits, down from an average of almost 500 permits a month in 2007. Housing prices have deflated with a deafening groan. Keith Schwer, who runs the Center for Business and Economic Research at the University of Nevada-Las Vegas, estimates that 50% of homeowners owe more than what their home is worth. Perhaps the only positive note is that housing prices have returned to more reasonable levels...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

...popular How to Cook Everything, is known for making food preparation as simple as possible, so it's no surprise that his new book has the plainest title imaginable: Food Matters. The content is equally straight-forward. Part eating theory and part recipes, Food Matters has something Bittman's earlier writings don't: A clear moral message on how meat over-consumption hurts the planet. TIME talked to Bittman about why buying local food isn't paramount, what his new wardrobe says about his eating habits and why sustainable agriculture advocates have reason to hope. (See the top 10 food...

Author: /time Magazine | Title: Cookbook Author Mark Bittman | 12/29/2008 | See Source »

Still, the rival candidates would do well to recall the outcome of an earlier military offensive waged during an Israeli election campaign. In April 1996, then Israeli Prime Minister Shimon Peres was floundering in a stiff electoral battle with the very same Netanyahu. Peres, who initially was considered a certainty to win the election, found his dovish reputation was working against him amid a wave of Palestinian suicide bombings and deadly Hizballah attacks against Israeli troops then occupying south Lebanon. In an attempt to create a tough-guy image, he ordered an air and artillery blitz against Hizballah in Lebanon...

Author: /time Magazine | Title: Attacking Gaza, Israel Worries About Lebanon | 12/29/2008 | See Source »

...Given this explosive mix of poverty, drugs and violence, Western leaders are understandably jittery about this week's coup, and are pushing for elections within six months - about 18 months earlier than the date the junta has set. Former colonial power France condemned the military takeover and U.S. State Dept. spokesman Robert Wood said U.S. non-humanitarian aid to Guinea might be suspended unless there were elections and a "restoration" of "civilian, democratic rule...

Author: /time Magazine | Title: Why Guinea's People Welcomed the Coup | 12/26/2008 | See Source »

...Earlier in December, after being alerted to her situation, the British High Court had issued an injunction to Abedin's family in Bangladesh to allow her to return to the U.K. under Britain's Forced Marriage Act of 2007. It was the first time the law - which went into effect on Nov. 25 of this year and gives courts the power to protect forced-marriage victims and dole out sentences to their perpetrators - was invoked on behalf of someone who is not a British national. While the court order had no legal bearing in Bangladesh, a sympathetic judge, Justice Syed...

Author: /time Magazine | Title: The Best Way to Curb Forced Marriages | 12/26/2008 | See Source »

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