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Zandi sketched out his "timeline to recovery," which sounds fairly optimistic. The stock market bottomed out in the first three months of 2009, he believes. (He'd originally expected this to happen last November; instead it was in March.) Home prices should reach their lowest point by the end of the year. ("I feel very confident about this.") The fiscal-stimulus program should start to work by this summer. Unemployment will peak in the second quarter of 2010. And economic expansion should begin again in the fall of 2010. "My point is, things can turn pretty quickly," Zandi said, chuckling...
...About six or seven years ago, many people stopped buying houses as places to live in for ten or twenty years and began to look at them as investments. When that started to happen, what a house was worth went from becoming a number people looked at when they burned their mortgages after being in their homes for thirty years to a figure that they checked with their realtor or online once a week. At that point, the comfort of owning a home began to disappear and the instability of the housing market entered the system...
...whole continent. It's 1.3 billion people," Schwartländer says. "The big question is always, 'How do we make sure these good, sensible policies and ideas are really implemented throughout the whole country?'" It is not enough to have good policies in Beijing; the work has to happen in the provinces and the communities where 60% of the nation actually lives. "Unless you understand how you can translate the policies into the realities of where the people are living, you will not succeed," he says. "There's an opportunity here to make sure 50 million people don't become...
...gonna happen. I'm a Wasp. I was raised to suppress my emotions.' ANDERSON COOPER, CNN anchor, refusing to dance with Ellen DeGeneres on her show...
...imagine the day when gay marriage will be standard in the whole country? No, I don't believe it's going to happen. I think the American people are overwhelmingly opposed to that...