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...certain market watchers think we might see prices drop an additional 10% to 15% nationally before this thing is over--then spending billions to spur on buyers won't be a magical fix. "To prop up prices above fundamentally justified levels is throwing good money after bad," says Joe Gyourko, professor of real estate and finance at the University of Pennsylvania's Wharton School. Overboosting homeownership helped get us into this mess, after...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...nearly as cute, but grownup things rarely are. Born in London and raised there by an actor father and a film-producer mother (as a girl, Allen appeared as a lady-in-waiting in Elizabeth and was mentored by, among others, Joe Strummer), Allen, 23, appears to have embraced a slightly more serious view of what pop can be. Not that you can tell from the hooks. Produced by Greg Kurstin of the retro-pop duo the Bird and the Bee, the music robs every genre it can in the pursuit of anything that might stick in your ears. There...

Author: /time Magazine | Title: Pictures of Lily | 2/12/2009 | See Source »

...phone, complete with a tiny retractable antenna that made it look like something you'd see in Couch Potato Barbie's living room. I set the tiny screen on a kitchen shelf and watched MTV as I peeled carrots. I tuned it to Morning Joe and balanced it inside my medicine cabinet, discovering an exciting new way to cut myself while shaving. So long as I had a signal and battery juice, I could go shopping, take the bus or go to a kids' soccer game and never, God help me, be out of reach of Wolf Blitzer...

Author: /time Magazine | Title: A TV Critic in the Post-TV World | 2/12/2009 | See Source »

...anymore. Today TV broadcasts are just starting points, raw material to be curated in a collective online canon. During the election, I was immersed in political news and comedy, but I saw only a fraction of this material--interviews, skits, Joe the Plumber encounters--on a television. I saw bits embedded on blogs and on YouTube. I saw them straight up, or edited and surrounded by comments. If I saw the Katie Couric interview with Sarah Palin on the liberal website Talking Points Memo and you saw it on the conservative Townhall.com did we really see the same program...

Author: /time Magazine | Title: A TV Critic in the Post-TV World | 2/12/2009 | See Source »

What do Harry Potter, Sherlock Holmes, G.I. Joe and Charles Darwin have in common? They will all be coming to movie theaters this year. The only real person on that list will be played by Paul Bettany in the biopic Creation. And in true celebrity fashion, Darwin will be everywhere this year. In a convergence of anniversaries, Darwin would have turned 200 years old on Feb. 12, and his landmark book, On the Origin of Species, turns 150 on Nov. 24. There will be documentaries, lectures, conferences and museum exhibits. Darwin-themed blogs are being launched, and a cartload...

Author: /time Magazine | Title: The Ever Evolving Theories of Darwin | 2/12/2009 | See Source »

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