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...happens to those buyers once the $8,000 first-time homebuyer tax credit evaporates at the end of this year? Even with home prices a steal in many parts of the country, whether demand will hold up - especially with the countervailing force of tighter credit - is a real question mark. (Read: "Home Sales Perk Up, but Expensive Houses Languish...

Author: /time Magazine | Title: Homebuilders Are Back At It — Should We Be Worried? | 8/11/2009 | See Source »

Cunningham performed long after the last strand of hair on his wily mane had turned gray. His final piece of choreography, Nearly Ninety, premiered at the Brooklyn Academy of Music in April to mark his 90th birthday. In June the Cunningham Dance Foundation unveiled a "living legacy" plan to maintain his body of work. But to Cunningham, his art was not meant to endure. Dance, he said, "gives you nothing back ... nothing but that single fleeting moment when you feel alive...

Author: /time Magazine | Title: Merce Cunningham | 8/10/2009 | See Source »

...second phone call, and I'm like, "What? That's all he's got for me?'" MARK BUEHRLE, of the Chicago White Sox, joking about President Barack Obama, an outspoken White Sox fan, who called to congratulate him on becoming the 18th pitcher in major league baseball history to throw a perfect game...

Author: /time Magazine | Title: Verbatim | 8/10/2009 | See Source »

...insta-reaction or fixation on trifling gaffes (the maelstrom over President Obama's "lipstick on a pig" comment warrants barely a mention). Instead, it provides an evenhanded and comprehensive account of the race, based on interviews with key players and enhanced by the perspective of time and distance. (Read Mark Halperin's Final Campaign Report Cards...

Author: /time Magazine | Title: The Battle for America | 8/10/2009 | See Source »

...what the soldiers might have to fight is hard to pin down. Although claims abound of cross-border grenade and mortar attacks, Bestayev, the Ossetian villager from Dmenisi, said he had not heard or seen any incidents at the base of the foothills that mark the border. The soldiers sitting by their armored personnel carrier make a vague claim they had had mortars fired on them a week ago, but that the shots were uphill and off the mark. A lieutenant who has served six years in the border guards said he had not seen any attacks with...

Author: /time Magazine | Title: A Year After War, S. Ossetia More Dependent on Russia | 8/10/2009 | See Source »

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