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...aren't buying the big stuff," says Pat Hiban, a real estate agent at Keller Williams in Howard County's Ellicott City. "The sweet spot is in the low range." In 2005, Hiban's team sold 10 houses worth more than $1 million dollars. So far this year, they haven't sold any. That's why Hiban, like agents across the country, has retooled his business to target homebuyers of more modest means. "I'd rather have five sales for $200,000 than to sit and wait for $1 million," says Hiban, who now markets to first-time buyers...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...Supreme Court on Monday overturned Judge Sonia Sotomayor's ruling in a controversial reverse-discrimination case, prompting a new round of attacks on her by Republicans. By a vote of 5 to 4, the court ruled that the city of New Haven improperly denied promotions to a group of white firefighters who had done better on a test than minority firefighters had. But aside from the ruling's implications for antidiscrimination law, the most intriguing issue raised by the decision is what it might mean for Sotomayor's influence on a court that she is almost sure to join...

Author: /time Magazine | Title: What the Court's Firefighter Ruling Means for Sotomayor | 6/30/2009 | See Source »

...nominee make President Barack Obama's first pick for the court all but a shoo-in when confirmation hearings begin on July 13. But members of the Supreme Court bar and clerks who have worked there say the opinion in the Ricci case (named for one of the New Haven firefighters who brought the lawsuit) offers an advance look at Sotomayor's future relations with conservative Justices - and may set the tone for her interactions with her presumed peers. (See four myths about Supreme Court nominees...

Author: /time Magazine | Title: What the Court's Firefighter Ruling Means for Sotomayor | 6/30/2009 | See Source »

...future colleagues on a discrimination issue. In the ruling on Monday, the court's five conservatives overturned the decision Sotomayor helped author while on the Second Circuit. That lower court had decided not to hear allegations of reverse discrimination brought by firefighters who claimed the city of New Haven had violated their civil rights by throwing out promotion-test results because no black candidates had passed. (See pictures of Judge Sonia Sotomayor...

Author: /time Magazine | Title: What the Court's Firefighter Ruling Means for Sotomayor | 6/30/2009 | See Source »

Other types of aid haven't been flowing into North Korea as in the past, either. During the decade in which South Korea pursued its "sunshine policy" of engagement with the North, Seoul became a major trading partner and source of aid, especially of much needed fertilizer. But current South Korean President Lee Myung Bak reversed the policy when he took office in 2008, linking economic cooperation with Pyongyang's dismantlement of its nuclear-weapons program. The result is that North Korea is now more dependent than ever on its main patron, China. Nicholas Eberstadt, a North Korea expert...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

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