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...Real estate price war!" the headline in a local paper blared. "Prices continue to move lower." It's a "great time to be a buyer," another story reads. If there was something plaintive about those stories, it is because buyers seem to be in hibernation these days. In a report published earlier this month, the country's central bank said the "number of residents willing to buy a home in the next three months is at a record...

Author: /time Magazine | Title: China's Own Version of the Real Estate Bust | 3/15/2009 | See Source »

...course, the price is right, particularly for the suddenly cash-strapped families who in recent years coughed up extravagant sums for private tutoring. Laura Wilson, founder of WilsonDailyPrep, based in wealthy Chappaqua, N.Y., says she regularly gets calls from parents who had signed their children up for private tutoring but are now hoping to scale back. Many are choosing to fill in the gaps through the online program Wilson launched in October, which already boasts 470 students. Parents are also turning to Academic Approach, which has ramped up its online program within the last year: "They're coming back...

Author: /time Magazine | Title: SAT in the Recession: Test-Prep Prices Drop | 3/14/2009 | See Source »

...been especially reluctant to countenance any Europe-wide stimulus plan - let alone global action - despite unveiling two domestic spending packages totaling $97 billion. Berlin insists that every country's case is unique; its own preference is for guarantees and investments rather than outright bailouts, while being careful to dampen price surges (the country is still haunted by memories of hyperinflation in the 1920s). (See pictures of the dangers of printing money in Germany...

Author: /time Magazine | Title: Europe's Economic-Stimulus Message: Enough Already! | 3/13/2009 | See Source »

...counter to the concern that people who want a rebuilt car will not buy a new car is that dealerships are empty, as empty as graveyards at midnight. Offering to refurbish cars at a fair price will bring in a lot of customers. Most of those people will at least look at the new models. With $5,000 cash back and 0% financing for a decade, some of those customers will trade in what they have and leave with the latest model. Right now, those potential buyers won't set foot in a dealership. Once their warranties are up, they...

Author: /time Magazine | Title: Fixing The Car Industry By Fixing Cars | 3/13/2009 | See Source »

...audacious budget sketch is seen as an intricate web of reinforcing reforms, an exquisite piece of re-engineering in which stimulus creates jobs, jobs generate revenues, revenues fund an efficient health-care system, which in turn tames the deficit. What critics consider a massive intervention to impose a price on carbon emissions is, to the White House, the engine for the growth of a robust new green economy. Meanwhile, students will begin graduating from improved schools and moving seamlessly into this prosperous future. Shortcomings may lie in the details, but the economy won't really be fixed until the entire...

Author: /time Magazine | Title: Obama's Reform Agenda: Is He Trying to Do Too Much? | 3/13/2009 | See Source »

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