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...permits a month in 2007. Housing prices have deflated with a deafening groan. Keith Schwer, who runs the Center for Business and Economic Research at the University of Nevada-Las Vegas, estimates that 50% of homeowners owe more than what their home is worth. Perhaps the only positive note is that housing prices have returned to more reasonable levels. "We're getting back into the affordability range," Schwer says. "The only problem is we don't have credit to buy them, and we're losing jobs." (See pictures of Las Vegas...

Author: /time Magazine | Title: The Good Times Stop Rolling: Vegas Meets the Recession | 12/29/2008 | See Source »

...Nobody knows exactly how many people are forced into marriages because, as scholars like Talib note, most affected women are afraid to seek help and ostracize themselves from their communities. But the U.K.'s Forced Marriage Unit, administered through the Foreign & Commonwealth Office (FCO), handled more than 1,300 cases during the first three quarters of 2008 alone, an increase of 79% over 2007. With some victims as young as 13, most cases involved women, though experts estimate that 15% of cases worldwide may involve men marrying as a result of family pressure. "We're definitely getting more calls than...

Author: /time Magazine | Title: The Best Way to Curb Forced Marriages | 12/26/2008 | See Source »

...that southern sages like Black approve of an industrial civil war. "We're all in this recession together," says Black, who like many others is quick to note that Detroit's collapse isn't exactly good for the South, especially given the large number of auto parts production jobs that rely in part on the Big Three...

Author: /time Magazine | Title: Detroit's Fall Gives Power to Rival Dixie | 12/22/2008 | See Source »

Susan Docherty, the GM marketing executive responsible for selling the company's Buick, Pontiac and GMC brands, also tried to strike a positive note: "If you look at the brands I'm responsible for, our business was up 10% the first five months of the year," Docherty said. "It's frustrating," notes Docherty, adding the recession is speeding up the shutdown of dealerships. "We've got 6,100 dealers and we're going to go down to 4,500," she says. (See pictures of autoworkers...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

Still, as the confidence began returning to Detroit, President-elect Barack Obama was at a press conference issuing a sober reminder. Auto industry leaders, he said, should take note "that the American people's patience is running out," and that Detroit must seize on this opportunity and make tough reforms...

Author: /time Magazine | Title: The Reaction in Detroit: A Sigh of Relief | 12/19/2008 | See Source »

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