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...being a sign of things to come. The foreclosure rate in California is one of the highest in the nation. More than 236,000 homes or 2.8% of California's housing stock foreclosed in 2008, helping to drive down home prices by 42% from December 2007 to last month, according to Bloomberg. In addition, the state government is projected to run a deficit of $40 billion over the next two years. (Read "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: Is California the State Closest to Economic Ruin? | 1/28/2009 | See Source »

...projects to create jobs, it should go immediately to inject capital into the failing real estate market. Instead of purchasing toxic assets with TARP funds, the government should now begin to purchase residential and commercial real estate that is for sale to stop the destruction of property values. Last month the value of housing in the top 20 cities fell more than...

Author: /time Magazine | Title: Memo To Congress: "Buy Land, They Ain't Making Any More Of It" | 1/28/2009 | See Source »

...Professors and researchers across the Medical School praised the legislation for its potential to bring transparency to the school. The issue, brought to the fore by the Biederman allegations, recently prompted HMS Dean Jeffrey S. Flier to announce this month that the school would reassess its conflict of interest policy, which has not been updated since...

Author: By Laura G. Mirviss, CRIMSON STAFF WRITER | Title: Bill Aims to Increase Transparency | 1/28/2009 | See Source »

...men’s sabre, as Valentin Staller boasted a 4-2 record. Overall it was a telling day for a Crimson team that has just one more warm-up competition next weekend before it hits the heart of its season at the Ivy League Championships next month. “I’m pretty optimistic,” Cross said. “The women’s team, we beat some of the toughest teams probably in the country, and we’re feeling pretty strong. We’ve got a couple of weeks left...

Author: By Madeleine I. Shapiro, CRIMSON STAFF WRITER | Title: Trip to Queens Ends in Mixed Results for Crimson | 1/27/2009 | See Source »

...course, the press loves to eat its own. But the rumor has been given credence by Vogue's recent issues, which are skinnier than a Slavic model. The January issue has 44% fewer ad pages than the same month last year, according to Media Industry Newsletter. Wintour's detractors have always conceded that she has a firm grasp of the advertising end of the pole - if this is slipping, they ask, could she be in the endgame...

Author: /time Magazine | Title: Wintour of Discontent: Those Vogue Editor Rumors | 1/27/2009 | See Source »

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