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Dates: during 2000-2009
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...York City area are already feeling the pinch of Wall Street's recent downturn. The survey, conducted by the local chapter of the National Association of Purchasing Management, found that business managers believe the Big Apple's economic conditions have deteriorated 21% from just three months ago, to an index level of 35.6. Any reading below 50 means the city's economy is contracting. The index stood at 59 just a year ago. "Managers say business conditions are bad and will stay that way for at least the next six months," says Jonathan Basile, a Credit Suisse economist who compiles...

Author: /time Magazine | Title: New York City Feels the Brunt of Wall Street's Crisis | 10/31/2008 | See Source »

...will not see a residential construction crane in the sky in downtown Miami for a generation," Zalewski told TIME. "Well, at least seven years," he said before modifying his forecast yet again. "Let's go with a decade," he finally concluded. Let's. The latest Case-Shiller Home Price Index for a 20-city composite showed that prices recorded a 1% drop in August and were down 16.6% for the past 12 months. Miami had a 1.8% monthly drop and a 28.1% tumble over the past year; in San Francisco, it was -3.5% monthly and -27.3% for the year...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

After an extended period when home values in Charlotte were not only stable but rising while those in other cities dropped, prices in Charlotte declined 1.8% for July 2008, the fourth straight month of declines. (July is the last period measured by the S&P/Case-Shiller Home Price Index.) "We're seeing a lot of mixed signals in the marketplace right now," says Garrett Alexander, the Mecklenburg County assessor. "I don't think we've seen all the impact of Wachovia. It's too early to tell what that impact will...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

...freshman.Hanson is the quintessential normal guy off the field: quiet, reserved, and noticeably polite. A human evolutionary biology concentrator and aspiring doctor, Hanson is truly dedicated to his schoolwork off the field. You can usually find him sporting an abnormally large backpack as he fixes his retainer with his index finger. Neither his size nor his demeanor gives off the typical airs of a football player, but his performances on the field tell the story.“The kids love him, he’s one of the top five most sincerely humble guys on the team...

Author: By Evan Kendall, CONTRIBUTING WRITER | Title: Frosh Cornerback Making Waves for Crimson | 10/28/2008 | See Source »

...significantly bolster Taiwan's economy in the face of the global financial crisis. The economy is highly dependent on exports, especially of electronics, to the U.S. and elsewhere. Taiwan's export orders grew only 2.8% in September from a year earlier, the slowest pace since 2002. The consumer confidence index in October dropped to the lowest level since monthly surveys were first conducted...

Author: /time Magazine | Title: Taiwan President Faces Growing Opposition | 10/28/2008 | See Source »

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