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...cause for cautious optimism in the Trulia analysis, which plumbed listings from brokers, agents, third-party aggregators and multiple-listing services on July 1. Some markets that were hit early and hard in the housing bust have been seeing a declining percentage of markdowns the past few months. In late April, for instance, 33% of houses in Los Angeles had been reduced in price. In early June, that figure inched down to 32%, and in the most recent analysis, it had dropped to 24%. The average markdown has become slightly less desperate as well - from 13% off the original price...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

...Despite his many failures, he always appeared to be 100 percent certain that his own ideas were always right," Walt said. "One would have thought that experience would have taught him a bit of humility, but if it ever came to him, it came very late. There was a tendency to constantly be prescribing advice, and it would have been easier to take if the track record had been more successful...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Kennedy School Colleagues Reflect on McNamara's Career | 7/10/2009 | See Source »

...Hare was strangled to death in her crib by a 9-ft. Burmese python kept as a pet, illegally, in her house near Orlando. (The owner, a live-in boyfriend of Shaiunna's mother, killed the python with a knife as it squeezed the girl, but it was too late.) Suddenly Floridians, and the rest of the country, are paying more sober attention to the warnings of wildlife officials and environmentalists that proliferating pythons are a threat to critical ecosystems like the Everglades as well as to people. On July 8, Florida Senator Bill Nelson turned up the heat when...

Author: /time Magazine | Title: Florida Wrestles with Its Python Problem | 7/10/2009 | See Source »

...Chinese officials blame the violence on Rebiya Kadeer, a Uighur businesswoman and rights activist who now lives in the U.S. False rumors that Uighur workers raped Han women at a factory in coastal Guangdong province led to a riot there in late June, during which two Uighur workers were killed. The Chinese government says Kadeer used Uighur anger over that incident to foment the riot in Urumqi. She denies the charge and says a heavy-handed police response to a peaceful Uighur protest calling for a speedier investigation into the Guangdong deaths on Sunday led to the violence. (Read...

Author: /time Magazine | Title: Quiet Returns to Urumqi, but Tensions Remain | 7/10/2009 | See Source »

...part of the latest security sweep designed to end nationwide protests against the disputed June 12 presidential election, Tajbakhsh was picked up from his home late Thursday following a day of renewed demonstrations, according to Hadi Ghaemi of the International Campaign for Human Rights in Iran. His computer equipment was confiscated and his home ransacked, Ghaemi said. (See pictures of terrorism in Tehran...

Author: /time Magazine | Title: U.S. Citizen Living in Tehran Said to Be Arrested | 7/10/2009 | See Source »

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