Word: marche
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...collapsing home prices. That's the forecast of an extensive new report on residential real estate by Deutsche Bank, which calls for home prices in metropolitan New York City (which includes Westchester, northern New Jersey and other nearby areas) to fall 40.6% from the prices that prevailed in March...
...Ironically, that dire forecast is wrapped in an improving forecast for nationwide home prices. Back in March, Deutsche Bank analysts had expected national home prices to decline 16.5%; now they foresee just a 14% decline. That mildly upbeat news does not hold true for the New York City area, however, which is expected to see a 40.6% drop. While that is also a slight improvement from the March forecast, it is dire nonetheless. (See photos of the global financial crisis...
...Another way a public plan could drive down costs is by forcing private insurers to be more transparent. "The public plan will teach the country what this stuff actually costs," says Len Nichols, director of the New America Foundation's Health Policy Program and co-author of a March 2009 proposal for a public-plan option. Nichols says a public plan could provide a "credible benchmark" that consumers could use to measure whether private insurers are offering fair rates...
Gunmen have fired on opposition protesters at a massive march over alleged election fraud, killing at least one person. (To see a photo from the incident, click here. Be warned that the photo contains graphic content...
...Medvedev told reporters after the summit, "I hope that these milk hysterics do not in the end spoil work on the collective rapid-reaction force [the CSTO]." But the milk wars are threatening to sour further. In March, Russia and Belarus made a verbal agreement allowing Belarus concessions on the contract-listed gas prices that Russia charges. But on Monday, Gazprom spokesperson Sergei Kupriyanov told Russian daily Kommersant that the existing contract was never altered, meaning Belarus would have to pay $210 per 1,000 cu m of gas rather than the $150 that was agreed upon - a crippling amount...