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Nearly a quarter of the homes listed for sale in the U.S. have had at least one price reduction, with an average discount of 10% off the original asking price, according to an analysis by the listings site Trulia.com. The analysis shows that of the nation's 50 largest cities, Jacksonville, Fla., is the most marked-down market, with 39% of houses there having undergone a price chop...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

...global cooperation. Many of the themes from his addresses in Prague, Cairo and Moscow returned to the fore. Obama described a future anchored in institutions of governance and international agreement, where tribal identities would be subsumed by a common sense of humanity and international economics would turn old national competitions into alliances. He portrayed the peaceful transfer of power in competitive democracies as the next step in Africa's century-long emergence from the shackles of colonial rule. "This progress may lack the drama of the 20th century's liberation struggles," he said. "But make no mistake: it will ultimately...

Author: /time Magazine | Title: Obama in Ghana Preaches Unity and Action | 7/11/2009 | See Source »

...divided by party affiliation, often applauded in sections, as one party or another latched ONTO a word like "corruption" to needle its political opposition. Yet there is no doubt that Ghana, both its government and people, are united in welcoming Obama, the third consecutive U.S. President to visit this nation. People on the street lined motorcade routes chanting Obama's name and wearing T-shirts with his likeness, and billboards welcoming the first couple were ubiquitous in Accra. One sign called Michelle Obama "Our First 'Rock.'" Another said simply, "Ghana adores...

Author: /time Magazine | Title: Obama in Ghana Preaches Unity and Action | 7/11/2009 | See Source »

...choice of Boedino - an astute banker and political newcomer - as his running mate has been hailed as a sign that he intends to cut through some of the bureaucratic red tape that has been a hallmark of Indonesia's murky politics and has stalled the nation's growth in the past...

Author: /time Magazine | Title: Susilo Bambang Yudhoyono: The Man Behind Indonesia's Rise | 7/10/2009 | See Source »

...North Korea isn't behind the attacks, who else could it be? China is one obvious suspect. Although Beijing bristles at the accusation, U.S. officials say Chinese hackers have repeatedly attacked American networks, including the nation's power grid. The People's Liberation Army takes cyberwarfare very seriously, but China also has legions of freelance hackers, who attack global networks for fun. Russia, too, has both state and private hacking capabilities...

Author: /time Magazine | Title: Is North Korea Behind the Cyberattacks? | 7/10/2009 | See Source »

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