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...range." In 2005, Hiban's team sold 10 houses worth more than $1 million dollars. So far this year, they haven't sold any. That's why Hiban, like agents across the country, has retooled his business to target homebuyers of more modest means. "I'd rather have five sales for $200,000 than to sit and wait for $1 million," says Hiban, who now markets to first-time buyers and takes foreclosure listings from nine different banks. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Home Sales Perk Up, but Expensive Houses Languish | 7/1/2009 | See Source »

...analysts warn against reading too much into the company's results. After all, the recession put the company's main competitor, Linens 'n Things, out of business. Linens 'n Things sold similar merchandise in similar markets as Bed Bath & Beyond. So it may just be a lack of competition, rather than a surge in purchasing power, driving Bed Bath & Beyond's positive results. "Consumer spending is wrecked indefinitely," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail investment banking and consulting firm based in New York City. "There is no more Linens 'n Things. How can that not have...

Author: /time Magazine | Title: Bed Bath & Beyond: An Economic Indicator? | 7/1/2009 | See Source »

...Pasquarello, the police spokesman, said he suspects this kind of violence would decrease if convicted perpetrators could be retained in jail indefinitely, rather than be released to become repeat offenders. He said that the people involved in the recent incidents were “not strangers” to the police department, and Haas said that a number of the individuals were in fact released from prison around the same time as each other...

Author: By Michelle L. Quach, CRIMSON STAFF WRITER | Title: Drug-Related Violence Prompts City Action | 7/1/2009 | See Source »

...Nevertheless, the patterns of dialogue and influence among the Justices evolve over years rather than weeks. Whereas outgoing Justice David Souter has an established relationship with Kennedy, Sotomayor is starting from scratch. So until Sotomayor settles in with her new colleagues, Souter's departure and her arrival may represent a net loss of liberal influence rather than a gain...

Author: /time Magazine | Title: What the Court's Firefighter Ruling Means for Sotomayor | 6/30/2009 | See Source »

...bill as it was being drafted and as a result won considerable concessions, including the shift of the burden of proof from the claimant to the government: now the state will have to prove radiation wasn't the cause of illness if it wants to avoid paying compensation, rather than victims having to establish the contrary before their claims are recognized. But Marhic says the proposal is still too restrictive on whom it will accept as sufficiently radiated by tests to apply for compensation. He and other veterans vow to lobby legislators who voted for the law while calling...

Author: /time Magazine | Title: France Votes to Pay Nuclear-Testing Victims | 6/30/2009 | See Source »

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