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...other number stirring up significant optimism about housing is the Commerce Department's measure of new-home sales. In July, for the fourth month in a row, the number of new homes sold, on a seasonally adjusted basis, rose. July's jump, of 9.6%, seems downright striking...

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

...Even if house prices and sales are on the mend, that doesn't equate to a clean bill of health for housing overall, since woes in the mortgage sector continue to surface. Another number out this week was the delinquency rate among loans backed by the federal housing agency Freddie Mac. The number of people 90 or more days behind on their mortgages continues to rise - in July, 2.95% of Freddie Mac loans were late, up from 2.78% the month before, and 1.01% a year ago. Furthermore, a new study from the credit-rating agency Fitch found that among people...

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

...with H1N1, it's especially difficult to get reliable data on how many people are infected, how effectively the virus is moving from person to person, and how much disease it can cause. Death rates from H1N1 are particularly challenging, since making reliable projections requires comparing the total number of people infected with H1N1, as confirmed by a lab test, to those who have died from the disease. At the moment, officials don't know how many people have actually been infected with the virus; they can only count people who are sick enough to see a doctor or come...

Author: /time Magazine | Title: Behind the Unproven H1N1 Flu Vaccine | 8/26/2009 | See Source »

...their houses - and he wants to give his frustrations some legal teeth. Williams has proposed a city ordinance that could penalize banks that fail to offer modifications before starting foreclosure proceedings. Local governments have no formal legal oversight over banks, but under Williams' ordinance, if a lender's number of foreclosure actions in Miami Gardens over a designated period exceeds the number of loan modifications it offers to financially burdened or delinquent homeowners, the city would pull its accounts or other business from that bank. "The taxpayers put these banks back on solid ground with the bailouts," says Williams...

Author: /time Magazine | Title: How One City May Punish Banks for Foreclosures | 8/25/2009 | See Source »

...growing number of non-Japanese who live in Japan are decidedly not lovin' Mr. James. In a country known for its small foreign-born population - only 1.5% of 127 million - and restrictive immigration and naturalization policies, the new envoy for McDonald's Japan is creating a stir among non-Japanese residents. (See pictures of Super Bowl entertainment...

Author: /time Magazine | Title: Not Everyone Is Lovin' Japan's New McDonald's Mascot | 8/25/2009 | See Source »

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