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...Karen Weaver, assessed several leading variables, with affordability being a key driver. The pronounced decline in home prices across the nation, coupled with a downward drift in interest rates, has greatly improved nationwide affordability, the report noted. Indeed, in some famously overpriced regions that have since corrected, such as Los Angeles and the Riverside-San Bernardino areas of California, affordability is as good now as it has been in decades. That's a big reason that many California areas may see prices fall only an additional 10% or so, despite the state's deepening financial crisis. (See "Four Steps...
...Western media have looked at Iran through the narrow prism of Iran's liberal middle class - an intelligentsia that is addicted to the Internet and American music and is more ready to talk to the Western press, including people with money to buy tickets to Paris or Los Angeles. Reading Lolita in Tehran is a terrific book, but does it represent the real Iran? (See pictures of Iran's presidential election and its turbulent aftermath...
...Los Angeles Stalking the Wii In a bid to combat Nintendo's Wii--the best-selling game console since 2006--Microsoft and Sony announced motion-based controls of their own at this year's Electronic Entertainment Expo (E3). Sony's wireless wand emits light tracked by a camera, while Microsoft's Project Natal eliminates the controller entirely, using a 3-D system to detect a player's body movements. Don't rest your thumbs yet: Sony's device won't be available until 2010; Microsoft has yet to set a release date...
Asia for Cheap. Singapore Airlines is offering economy-class fares from Los Angeles, San Francisco, Houston and New York City (JFK only) at three price levels: round-trip tickets to Moscow, Tokyo, Hong Kong and Seoul cost $599; to Singapore, Bangkok, Bali and other cities in Southeast Asia, $699; and to Mumbai, Delhi, Karachi, Sydney and Perth, $899. Book by June 28 for outbound travel from July 1 through Nov. 30. All travel must be completed...
Like most tourism officials in Mexico, Murphy complains the media showed the country in an unfairly bad light. He is quick to point out there have been no documented cases of any holidaymakers being directly affected by the Mexican drug war. "Somewhere like Los Angeles has many more gang members and killings than the places the tourists visit here," Murphy says. "But Mexico has got more negative coverage than most countries. There has also been some irresponsible and incompetent reporting...