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...underpriced (Indianapolis and Dallas, among them). But in a way, that doesn't matter. "In a lot of places, I think, housing is fairly valued, but we overshot on the way up, and it's very likely we'll undershoot quite a bit on the way down," says Patrick Newport, an economist at the analytics shop IHS Global Insight. His firm's forecast is for another 10% to 15% drop in NAR's median sales price before things start turning around next year - and that's assuming the economy begins growing again in the second half...

Author: /time Magazine | Title: Housing Prices Keep Dropping. And They're Not Done Yet | 1/28/2009 | See Source »

...Then again, most publications are on an advertising diet. And Condé Nast's official position on Anna's employment is unambiguous. "This is something both [chairman] Si Newhouse and Anna Wintour have blankly denied," says spokesman Patrick O'Connell. But still the stories persist. Replacement names are bandied about: Carine Roitfeld from French Vogue is a favorite, with Amy Astley from Teen Vogue as a dark filly. The most recent reports are that all the rumors are merely the result of jostling during new contract negotiations between Wintour and Newhouse. (Read a 1988 TIME article about Wintour...

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

...became senior counsel to Senator Patrick Leahy on the Senate Judiciary Committee, where he advised Leahy on intellectual property, telecommunications and constitutional issues...

Author: /time Magazine | Title: Climate Change Envoy Todd Stern | 1/26/2009 | See Source »

...When a film is directed by a Frenchman (Patrick Tatopoulos) who's spent most of his career designing ugly creatures for movies like this and written by a stuntman (Danny McBride), you can expect it to be heavier on the action scenes than on character elucidation. The Brit cast attempts to camouflage the silliness by swanning it up, as if the Royal Shakespeare Company had gotten communally drunk and staged an impromptu production of Dracula Meets the Wolfman. Sheen tries bravely to keep a straight face, especially during his love scenes with Mitra, a TV grad (Party of Five, Gideon...

Author: /time Magazine | Title: Underworld 3: Me No Lycan | 1/23/2009 | See Source »

Your crotchety, sentimental liberal grandpa - Patrick Leahy, say, or Dan Rather - picked the Oscar nominations again this year. The voting members of the Academy of Motion Picture Arts & Sciences don't care that you liked The Dark Knight, which is the second biggest dollar-earner in movie history, and which kids and critics alike appreciated less as a live-action comic book than a triangular battle of stern Good, giggling Evil and two faces in between. Except for a Heath Ledger memorial citation (Supporting Actor), the film was shut out of all major award categories, taking seven other doorstop prizes...

Author: /time Magazine | Title: Oscar Wrap: Slumdog and the Old Dogs | 1/22/2009 | See Source »

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