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...York City's big problem is not so much the financial-industry meltdown as it is an intense lack of affordability. As the report notes, metropolitan-area New York home prices peaked in the second quarter of 2007 at $552,000. By the first quarter of 2009, the median price had dropped 19%, to $446,000, but the market swoon was less than half the drop recorded in many other areas of the country. Today among the 10 biggest metropolitan areas, New York ranks as the least affordable...

Author: /time Magazine | Title: New York Home Prices Forecast to Drop 40% | 6/16/2009 | See Source »

...moment, even public plan options that don't potentially undercut private insurers lack traction with Senate Republicans, which is why Democratic Senator Kent Conrad over the weekend proposed the creation of "consumer health cooperatives." The idea, in essence, is to create a public option that isn't technically public at all; according to a one-page Conrad proposal circulating this week, state or regional nonprofit cooperatives would be created by federal charter and be member-owned and operated by boards of directors. The co-ops would operate by the rules of the insurance exchange and be capitalized by initial federal...

Author: /time Magazine | Title: Will the Public Plan Make or Break Health Reform? | 6/16/2009 | See Source »

...morning and accuse me of having al-Qaeda connections." Last year police netted a cache of antitank mines in Rustempasic's family house, and imprisoned him for two months; Rustempasic and three others were arrested on suspicion of involvement in terrorist activities, but they were released due to a lack of evidence. Rustempasic says the weaponry was wartime trash from the 1990s, and claims he is being hounded for his Salafi beliefs. Still, his talk is disquieting. "There is a religious thought that Muslims are one body," he says. "As far as I know no Bosnian has been captured...

Author: /time Magazine | Title: Bosnia's Islamic Revival | 6/15/2009 | See Source »

...them to us." The one Bosnian who repeatedly claims to have trained and fought with al-Qaeda in Afghanistan - citing gory details of how he supposedly slit the throat of an Australian soldier - remains free. Nihad Cosic was arrested in a 2007 police raid in Pakistan, but released for lack of evidence and flown home to Sarajevo. In April he offered his most recent description of his years fighting with al-Qaeda to Austrian and German journalists visiting Sarajevo. Yet Bosnian police have not sought to arrest him for terrorism, and last year an intelligence official told a Sarajevo publication...

Author: /time Magazine | Title: Bosnia's Islamic Revival | 6/15/2009 | See Source »

automobiles •utter lack of knowledge about - "I don't know anything about cars" - of incoming General Motors chairman...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 6/12/2009 | See Source »

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