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...mulling plans to extend the $8,000 first-time home buyers' tax credit to April 30 (which covers home purchases closed by June 30) and to allow individuals with incomes of up to $125,000 (or $250,000 for couples) to apply for the credit, up from the previous threshold of $75,000. Also, a proposal is on the table to offer a new credit - $6,500 - to move-up buyers who have lived in their home for at least five years. The Senate is near a vote on its version, which includes an extension and expansion of the credit...

Author: /time Magazine | Title: Should the Home Buyers' Tax Credit Be Extended? | 11/4/2009 | See Source »

...Chrysler has introduced only one new vehicle this fall, the Ram heavy truck, and the next new vehicle, the redesigned 2011 Jeep Grand Cherokee, won't appear until next spring. Facing a dearth of new products, Chrysler hands blame the company's previous owner, Cerberus Capital Management LLC, for slashing the product development budget in a failed bid to reach profitability. But it's more than just a lack of new vehicles plaguing the automaker; it's also the vehicles it has in hand. "Chrysler continues to struggle," Consumer Reports said earlier this month. "More than one third of Chrysler...

Author: /time Magazine | Title: Amid Tumbling Sales, Chrysler Looks to Future | 11/4/2009 | See Source »

Unfortunately for the home team, it could not hold up in overtime. The defeat marks the Crimson’s fourth straight loss and seventh in the team’s last eight games. But after being outscored 23-4 in the squad’s previous three matches, last night’s overtime loss signaled an improvement...

Author: By Martin Kessler, CONTRIBUTING WRITER | Title: Harvard Comes Up Short in Solid Performance | 11/4/2009 | See Source »

...focus in the media on the vulnerability of younger patients to infection, the elderly may have been somewhat dangerously overlooked, says Louie. Although older patients may not be at high risk of getting infected in the first place (thanks to their residual immunity to the virus from previous outbreaks of H1N1), their risk of death from the disease may be higher than that of younger patients, primarily because of their higher rates of underlying conditions, such as heart disease, reduced lung function, diabetes and emphysema. (See how not to get the H1N1...

Author: /time Magazine | Title: H1N1: Hitting the Young, Riskier for the Old | 11/3/2009 | See Source »

...Fonseka seemed to have veered away from a hard-line stance he shared with the Rajapaksas. At a Buddhist temple in Washington, he spoke of the "need to resettle persons who are in camps and provide security to them." That appears to be a softening of his previous position that the peace-and-order climate in the areas reconquered by the military should not be undermined by speedy resettlement. Sri Lanka has an estimated 186,000 internally displaced people, refugees from the war with the Tigers. He warned that there might still be thousands of Tigers among them and that...

Author: /time Magazine | Title: The U.S. Wants to Talk to Sri Lanka's Tiger Tamer | 11/2/2009 | See Source »

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