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Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until...
...later asked, drawing laughter from the audience. Answering audience questions during the event about why the public continues to tolerate pundits, Parker said that people simply tend to look for affirmations of their beliefs in any speaker, making a nuanced critical response difficult. “People are awfully quick to absorb what they already think,” she said...
...those who haven't had a meteorology class since middle school, a quick review of Weather 101: Colder air encourages precipitation, so when the temperature drops at high altitude, water naturally condenses out of the air. Clouds are formed when this moisture, suspended in tiny droplets or crystals, meets a condensation nuclei - small particles of dust or ice that are blown about the upper atmosphere. Without these small particles, clouds can't form...
That big open space at the bottom of NW labs (currently filled with red couches, ideal for a quick nap) will be transformed into an exhibition space--the opening celebration will take place Sun., Nov. 8 at 6:30 in NW labs--for inventions that bridge art and science, according to Laboratory employees...
...with the turning of a page in the calendar comes a new challenge - Congress will be entering an election year, not normally a time when it likes to take big political risks. Nor are lawmakers generally prone to be quick off the starting blocks when they return to Washington from the holiday recess, which means that the health care debate could drag on through the winter...