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The "new normal" in housing is that home prices which have dropped 20% or more may drop further. Even under the best of circumstances, prices will not recover.

Author: /time Magazine | Title: Housing Is Not Just Bad, It's Getting Worse | 5/27/2009 | See Source »

GM's bankruptcy, along with Chrysler's, will certainly help drive down the U.S. market share of the Big Three and open the door further to nimble and more well-funded competitors, including Toyota (TM), Honda (HMC), Nissan and Hyundai. It would be surprising if Detroit has only a 30...

Author: /time Magazine | Title: GM Prepares for Bankruptcy | 5/27/2009 | See Source »

Observers outside India have hailed the general results of this month's polls as a sign of stability and progress. Rather than vote along divisive lines of caste or creed, peddled by some candidates and parties, the electorate rewarded good governance and platforms that promised further development. The right-wing...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

The start of the modern era was particularly good for Italian and American cinema: Italian films took home the award four times straight, from 1966 to 1972, and twice again in 1977-78. Italian-American heavyweights Martin Scorsese (Taxi Driver, 1976) and Francis Ford Coppola (Apocalypse Now, 1979) took the...

Author: /time Magazine | Title: The Palme d'Or | 5/24/2009 | See Source »

Sanskrit and Indian Studies Department chair Leonard W. J. van der Kuijp said that his department should be spared further cuts because it is “already bare bones,” with just one staff member and one tenured professor in the department itself. He said that about...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: Humanities Professors Uncertain About FAS 'Reshaping' | 5/22/2009 | See Source »

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