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...existing homes for sale has fallen over the past year, but we still have a 9.4-month supply on the market - nearly double the rate that's desirable. With desperate homeowners trying to sell, and foreclosures still piling up, are more houses what we need? (See pictures of high-end homes that won't sell...

Author: /time Magazine | Title: Homebuilders Are Back At It — Should We Be Worried? | 8/11/2009 | See Source »

...could almost hear the sighs of relief in the hushed, thickly carpeted corridors of high-powered media executives on Aug. 6, when News Corp. chairman and managing director Rupert Murdoch announced that he was going to start charging for online news content by July 2010. At last, they exulted, somebody was jumping in and demanding that consumers pay for a product that has been given away for nothing on the Web. And even better, that somebody was not them...

Author: /time Magazine | Title: Will Rupert Murdoch Be the Pied Piper of Paid Content? | 8/11/2009 | See Source »

McCain to his top veep vetter, Washington lawyer A.B. Culvahouse: "What's your bottom line?" Culvahouse: "John, high risk, high reward." McCain: "You shouldn't have told me that. I've been a risk-taker all my life...

Author: /time Magazine | Title: The Battle for America | 8/10/2009 | See Source »

...built three bases in this scrubby mountain territory, and is building a fourth. Tskhinvali, which remains pockmarked and burnt from the five days of heavy fighting despite loans and pledges from Russia that the city would be rebuilt, is now host to a pristine Russian army base surrounded by high walls and barbed wire. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: A Year After War, S. Ossetia More Dependent on Russia | 8/10/2009 | See Source »

...stakeholder in change," says Patil of CHRI, "But they're not the only ones. The media has abdicated their responsibility of highlighting police excesses. And the force of public opinion must be brought to bear down on the political class, to make the cost of not reforming the police high enough to force them to act." If the anger over the Manipur and Kashmir cases is anything to go by, the force of public opinion is getting stronger. It remains to be seen whether the government will seize this opportunity to act decisively...

Author: /time Magazine | Title: Can India Reform Its Wayward Police Force? | 8/10/2009 | See Source »

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