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...market's reaction to the S&P Case Shiller data showing the home prices dropped almost 19% in March was that the data is old, so there is no point in giving it much attention. The market seemed to shrug it off by posting large gains...

Author: /time Magazine | Title: Housing Is Not Just Bad, It's Getting Worse | 5/27/2009 | See Source »

...numbers from March are like canned vegetables. It takes them a long time to spoil. That point was driven home by a study Fitch, the credit ratings agency, is preparing that shows "that between 65% and 75% of modified subprime loans will fall 60-days or more delinquent within 12 months of the loan change." In other words, even if homeowners are given a second chance to keep their homes and enjoy lower monthly payments, they are prepared to walk away. (Read "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: Housing Is Not Just Bad, It's Getting Worse | 5/27/2009 | See Source »

...facilities are notoriously expensive. But officials say inevitably cell phones are also being used to orchestrate crimes, harass witnesses, organize retaliation against other inmates and even order hits. A Baltimore man is accused of using a cell phone from prison to order an accomplice to murder a witness. (In March, the accused man's cell was raided and guards found another phone...

Author: /time Magazine | Title: Prison Cell-Phone Use a Growing Problem | 5/26/2009 | See Source »

...Sotomayor's performance back then offers any clues about how she'll perform on the high court, expect a brisk jurist who is utterly unafraid to dress down powerful interest groups. On March 30, 1995, Sotomayor, then age 40 and the youngest judge in the Southern District of New York, presided over a two-hour hearing in which the baseball players' association protested the owners' decision to unilaterally eliminate free-agent negotiations and salary arbitrations while both sides were negotiating a new collective-bargaining agreement. Although Sotomayor, who was raised in a housing project a few miles from Yankee Stadium...

Author: /time Magazine | Title: How Sotomayor 'Saved' Baseball | 5/26/2009 | See Source »

...report from a group of Chinese scholars has for the first time challenged China's official explanation that the deadly riots that broke out across Tibet in March, 2008, were inspired by "overseas forces" - namely the Dalai Lama and the Tibetan government-in-exile. (Read "One Year After Protests, an Enforced Silence on Tibet...

Author: /time Magazine | Title: Failed Government Policies Sparked Tibet Riots | 5/26/2009 | See Source »

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