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Nearly a quarter of the homes listed for sale in the U.S. have had at least one price reduction, with an average discount of 10% off the original asking price, according to an analysis by the listings site Trulia.com. The analysis shows that of the nation's 50 largest cities, Jacksonville, Fla., is the most marked-down market, with 39% of houses there having undergone a price chop...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

...Marked-down properties account for more than 30% of listings in 15 other cities, including Boston, Minneapolis, Milwaukee, Honolulu and Tucson, Ariz. Even that may be an understatement of the discounts that are to be had: houses that were taken off the market and then relisted at a lower price weren't included in the analysis. (See how Americans are spending...

Author: /time Magazine | Title: Housing Woes: Price Reductions Are Proliferating | 7/11/2009 | See Source »

...government has to avoid regulating the wrong participants, thereby pushing the price-discovery mechanism for oil out of the hands of Americans and into those of foreign oil suppliers. Do we want the government punishing some financial investors while letting others - the ones who have the strongest motive to raise prices - continue to do business as usual? That's what could happen if the government regulates the oil market...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...trading does not need to be regulated so much as monitored. We can assume that corruption exists, but the government does not yet understand the business; officials only recently even admitted that the price does not reflect supply and demand. If we dig deeper, we might find the foreign oil suppliers themselves, posing as speculators, to be the true villains. And deeper still, we will certainly find that the very system is flawed: in a world where hedging against high prices fulfills its own prophecy, we can be sure that prices will never be stable...

Author: /time Magazine | Title: Why There Should Be More Oil Speculation, Not Less | 7/10/2009 | See Source »

...reason for the relatively low price tag: the lack of unticketed fans showing up at the Staples Center. City officials and memorial organizers had feared thousands would descend on Los Angeles to pay tribute to Jackson. "People listened to the warning and just stayed home," Michael Roth, vice president of communications for AEG Live told TIME. "There were less than 1,000 fans down here." Due to the unexpectedly low turnout, extra police officers were dismissed and there was simply less of a mess to clean...

Author: /time Magazine | Title: Jackson May Play London After All, Via Footage | 7/10/2009 | See Source »

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