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...conspicuous fact with our [Case-Shiller] data is that prices are still falling, although at a somewhat lower rate. There is also some sign of pick-up in pending-home sales. But to me the dominant fact is that prices are still falling. We've never seen a real estate market turn on a dime. For the longer horizon, though, it's possible that we are picking up. The other thing that is striking is that home prices have come down a lot, so they're no longer very overpriced...
...past two decades of about 20, but nearly as much of a bargain as they were when the rally started. Still, followers of technical analysis say there are a number of reasons to be bullish now. First of all, while stocks are up, they are still much lower than they have been recently. The percentage of stocks above their 200 day moving average, which is a sign they they could be overvalued, is just 30%. Back in 2007, when the market peaked, 80% of stocks were trading above that measure...
...contract, Young will be paid an annual beginning salary $215,000, an amount which will increase after each subsequent year of service. After one year, his salary will be raised to $221,000, and after two years, it will be raised to $227,000. These amounts are lower than his present salary in Newton, according to school committee member Luc D. Schuster, who also served as the co-chair of the superintendent search committee. Young is currently paid approximately $248,000 as superintendent of Newton Public Schools. Although Young’s term...
...news conference to tell Americans to wash their hands more - but there is evidence that such elementary actions can be remarkably effective in slowing the spread of infectious disease. (Studies have shown that towns that instituted similar measures during the 1918 flu had death rates that were considerably lower than the norm.) "I think [the government] has been getting an A-plus for how they've communicated the threat here," says Jeffrey Levi, executive director of the Trust for America's Health. (See "From A-Z: The Year in Medicine...
...Chakrabortys are part of India's youth vote, a demographic that is too large for any political party to ignore. Of India's 1 billion citizens, 40% are under 18; 70% are under 35. In the cities, voting rates among younger citizens are as many as 20 points lower than they are in rural areas, but growing. "Urban youth is emerging as a key electoral group," says Jai Mrug, an election analyst based in Mumbai. "It could be a huge sample of voters freshly added to the polls." The country's political future belongs to those who understand that their...