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Jittery home shoppers have watched home prices plunge 30% on average from their mid-2006 peak, according to the Standard & Poor's/Case-Shiller Home Price Index, with some markets suffering price drops as deep as 70%. Many potential buyers are further frightened by economists and analysts who predict prices could fall another 5% to 10% before the sector bottoms out - and possibly worse if the country experiences a double-dip recession...
Those fears were abundantly evident in a recent Conference Board report showing that consumer confidence took an unexpected dip, sliding 11 points in February, and the present-situation index, which measures consumers' opinions on current economic conditions, plunged to its lowest level in 27 years. "People are scared," says Herzberg. (See the worst business deals...
...Unlike Palin, whose book Going Rogue was an anecdote-laced grand tour of her household, Romney has penned a sober, substantive tome that traces the decline of the Ottoman Empire and includes graphs of housing prices. With voters consumed with their checkbooks, he ramps up the wonkishness, offering an Index of Leading Leading Indicators and closing the book with a 64-point agenda on issues ranging from tort reform and the construction of nuclear power plants to hiking teacher pay and appointing strict constitutionalists to the bench. No Apology is Romney's attempt to position himself as the business-savvy...
...cruelty, it had to come as disturbance...India was now a country of a million little mutinies.” There are big questions to answer for a country that, while proudly trumpeting seven-to-eight percent growth rates each year, also ranked 134th in the Human Development Index in 2009 report. A breathless—and often mindless—form of development at the cost of the voiceless and marginalized is equivalent to practicing a form of internal colonialism. The state must stop conducting a war against its own people. Let crimson not taint green in Indian forestlands...
...best to help Haiti rebuild. Donor governments already know why there was so much less destruction in Chile: it's because the government there forces builders to adhere to rigorous codes, while Haiti's incorrigible corruption and carelessness left such regulation all but nonexistent. On the global corruption index put out by Transparency International, a Berlin-based nonprofit that lists countries from the least to most corrupt, Chile ranks 25th and Haiti 168th. And while Chilean President Michelle Bachelet hit the streets on Saturday reassuring citizens about her government's earthquake response, Haitian President...