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Beyond the state of the economy, the problem is that in many markets, houses still cost too much. Housing consultancy Zelman & Associates compared what houses cost with how much people earn and found plenty of markets - including Seattle; Miami; Norfolk, Va.; Philadelphia; Los Angeles; and Salt Lake City - where homes would have to shed at least 30% more in value to get back to being as affordable as they have been historically...

Author: /time Magazine | Title: Housing Prices Keep Dropping. And They're Not Done Yet | 1/28/2009 | See Source »

...maintain rigorous standards despite the three dozen e-mails he gets every day from Fairgrade supporters. He notes that in a neighboring district, 36% of students who graduated in June had a weighted GPA of 4.0 or higher. "I moved here from Minnesota, but I'd never been to Lake Wobegon," Gibson says, referring to the fictional town where all the children are above average. "Do we really want to have a reputation as an easy-A jurisdiction?" He adds, "It doesn't improve their achievement. It just improves their achievement on paper...

Author: /time Magazine | Title: Virginia Parents Fight for Easier Grading Standards | 1/28/2009 | See Source »

...Australia's far south when she screamed and was dragged under the water by what authorities suspect was a large white pointer. Her cousin paddled to the injured girl and dragged her to safety while being circled by the shark. On Jan. 12, a man snorkeling in a tidal lake in New South Wales was bitten on the leg, probably by a bull shark. Authorities reported that the man punched the shark in the nose and made it to shore with about 40 puncture wounds. All of the victims are recovering...

Author: /time Magazine | Title: Sharks Rampage in Australia | 1/12/2009 | See Source »

Home's aesthetic is Larry Flynt meets Lake Wobegon: all the men are strong, the women big-breasted and the children--well, there are no children. Just shorter adults...

Author: /time Magazine | Title: A PG-Rated Second Life | 1/8/2009 | See Source »

...advanced to the championship game—won by Wisconsin Dec. 28—after blowing past Harvard in a 6-2 victory on Saturday afternoon. The Crimson fell to Alabama-Huntsville 4-1 on Sunday after defensive breakdowns in the third period against the Chargers (3-10-1).LAKE SUPERIOR STATE 6, HARVARD 2Harvard’s offensive explosion in the first period was chilled by the Lakers thanks to a Troy Schwab goal at 9:51 that robbed the Crimson of the momentum it had built by out-shooting Lake Superior State 10-1 up to that point...

Author: By Robert T. Hamlin, CRIMSON STAFF WRITER | Title: Early Momentum Doesn’t Carry Through | 1/4/2009 | See Source »

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