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...good" news in the housing market is that more homes are selling. The number of existing homes sold in May was 2.4% higher than the number sold in April, which itself was higher than the number sold in March. (Those figures, from the National Association of Realtors, are annualized and seasonally adjusted.) Yes, prices are still falling, thanks largely to foreclosures and short sales, but at least the market is starting to show signs of life. New data from the S&P/Case-Shiller 20-city home-price index indicate that home prices in April dropped less than they did in March...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...University officials had originally stated in March that the payout would decrease by 8 percent this coming year and by at least the same amount the following year. Spokesman John D. Longbrake said they have since revised their guidance to suggest a 12 percent decrease for fiscal year 2011, which begins a year from this July...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: HKS Cuts 18 Staffers To Close Budget Gap | 6/30/2009 | See Source »

...food aid. Thanks to bad floods in 2007, food shortages last year were likely the worst experienced since the 1990s. The World Food Program (WFP) says it has launched a program to feed 6.2 million people in North Korea, or more than a quarter of the population. Yet in March, North Korea, without explanation, rejected all food aid from the United States, its largest official donor, and kicked five aid groups distributing the food out of the country. The step is potentially disastrous for the North Korean people. The WFP figures that last year's harvest, though slightly improved...

Author: /time Magazine | Title: North Korea's Other Crisis: An Economy in Tatters | 6/30/2009 | See Source »

According to the Israeli human-rights group Breaking the Silence, a few Israeli soldiers are alarmed by their own troops' behavior. The group cites the testimony of two officers who complained before a military court that during an operation last March in Hares village, soldiers herded 150 male villagers, some as young as 14, into a schoolyard in the middle of the night, where they were kept bound, blindfolded and beaten over the course of more than 12 hours...

Author: /time Magazine | Title: Does Israel Mistreat Palestinian Child Prisoners? | 6/30/2009 | See Source »

...supporters may well have resigned themselves to defeat--until Ahmadinejad's victory speech, in which he compared the protesters to fans upset about losing a soccer match and called them a minority of "twigs and mote." A number of people I talked to at the pro-Mousavi march on Revolution Avenue cited the President's comments as reason to keep up the fight. "What he said drove me crazy," said a 26-year-old mechanic from Hashemiye, in south Tehran...

Author: /time Magazine | Title: Power Of the People | 6/29/2009 | See Source »

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