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Influencing a $19 trillion market that is coming off one of history's great asset bubbles is a lot harder than it looks. In December, houses sold for 15% less than they did a year earlier. No act of Congress could change that. Says Wellesley College economist Karl Case: "Let's not delude ourselves into thinking we're driving a speedboat when we're driving a tanker...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

Such programs are great news for real estate agents and builders. But it's not clear how much these ideas would help housing overall. Nearly one-fifth of all borrowers owe more than their house is worth. They couldn't sell their home and pay off their loan even if they wanted to, and that's not a problem that goes away by simply slowing the pace of the fall...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...This happened at the end of a small press conference. One of my colleagues brought me a photo of this pair of pants. I said, very nonchalantly, "Look--great designers like Dolce & Gabbana copy us!" I was joking, it was not serious, but naturally the press picked up on it and splashed it all over the headlines...

Author: /time Magazine | Title: 10 Questions for Giorgio Armani | 2/12/2009 | See Source »

Straightforward as it is, Harvey's book reads like Jacques Derrida compared with Whitney Casey's The Man Plan. A former host of Great Day Houston, Casey is blond, divorced and telegenic enough to get a blurb for her book from Lance Armstrong, the champion bad boyfriend. She polled 250 men to come up with such insights as, Men get confused by shiny jewelry and big handbags, don't like it when hair smells of fajita and are impressed by TV sets hung on the wall...

Author: /time Magazine | Title: Advice for the New Dating Game | 2/12/2009 | See Source »

...Alex Perry's "Congo Seeks Protection": I think it's great that TIME covered an issue that wasn't on the evening news, but I am disappointed that Perry merely glanced at the problems faced by the U.N. peacekeeping force [Feb. 9]. Although the U.N. deployed peacekeepers around the world with some success in the second half of the 20th century, never before has it forcibly implemented a cease-fire. It is having such difficulty stemming the violence simply because no one's ever done it before. Rick Say, WEST CHESTER...

Author: /time Magazine | Title: Inbox | 2/12/2009 | See Source »

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