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Ideas are flying around Washington. They include tax credits and cheaper mortgages for home buyers as well as leaning on lenders to rewrite mortgage terms for struggling borrowers. But maybe we should ask what, exactly, fixing the housing market means--and prepare ourselves for the limits of what these policies...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

The core issue is that there aren't enough people buying houses. Usually, when price goes down, demand rises, but in the housing market, falling values make potential buyers fearful, sending them to the sidelines as they wait to see how much cheaper homes will get. If we could restore...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

If apologies from bank bosses could stimulate the economy, Britain's would be outgrowing China's just now. As the former execs in charge of two of the U.K.'s largest banks appeared before a committee of Members of Parliament on Tuesday to account for their role in the financial...

Author: /time Magazine | Title: Britain's Bankers Say Sorry — Again and Again | 2/10/2009 | See Source »

The Cambridge City Council approved a rezoning measure after a contentious public meeting last night, clearing the way for six blocks of biotech labs to be constructed in East Cambridge. The Council’s decision, coming by an 8-1 vote after months of negotiations with biotech real estate...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Cambridge Council Approves Rezoning | 2/10/2009 | See Source »

Warning signs are already erupting in parts of the U.S. hard hit by the housing crisis. In Los Angeles, calls into the suicide prevention call center run by the Didi Hirsch Community Mental Health Center spiked 65% in the second half of 2008 over the previous year. There has also...

Author: /time Magazine | Title: Suicides: Watching for a Recession Spike | 2/9/2009 | See Source »

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