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...Data on new-home sales, though, are notoriously imprecise and volatile. The margin of error on July's 9.6% gain, for instance, is plus or minus 13.4%. In other words, strictly speaking, the Commerce Department can't be sure the figure didn't actually go down. For that reason, new-home sales are best looked at over five or six months. There's still reason for optimism: a four-month string of increases is starting to get to the point at which one can legitimately call the trend significant. That's especially true when overlaid with data from the National...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

...diverted his lunch money into parts for homemade rockets. But he says he was a mere A-minus student, an "academic black sheep" - at least compared with older brother Gilbert, a straight-A valedictorian who studied physics at Princeton and is now a biochemistry professor at Stanford. After quitting school for a while in ninth grade - "I was tired of competing with Gilbert" - he didn't make the Ivy League, so he settled for the University of Rochester. His father once told him he'd never succeed in physics. "What he meant was, compared to Gilbert," recalls younger brother Morgan...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

...their keen hearing and sense of smell to assist in search-and-rescue missions - canines were used to help find survivors in the rubble of the recent earthquake in L'Aquila, for example. But now some 70 pooches have been authorized to act as Italy's Baywatch, minus the suntan lotion and shades. "Now they are on patrol," says Piccinelli. (See pictures of puppies behind bars...

Author: /time Magazine | Title: Canine Lifeguards Hit Italy's Beaches | 8/20/2009 | See Source »

...poll, which was conducted by Abt SRBI, surveyed 1,002 American adults on July 27 and 28. It has a margin of error of plus or minus 3%. Of the polling sample, 23% identified as Republican, 34% identified as Democrat and 32% identified as political independents. Eighty-nine percent of respondents said they were currently covered by some kind of health insurance, and of that group 86% said they were "very" or "somewhat" satisfied with their plan. Only 33% of respondents said they were "very" or "somewhat" worried about losing their coverage in the next year. (See the five biggest...

Author: /time Magazine | Title: TIME Health-Care Poll: Americans Back Reform, Worry Over Details | 7/29/2009 | See Source »

...Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going to be 0.6% this year' but as 'GDP is going to be 0.6% plus or minus something.' What's relevant is how big that plus or minus...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

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