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...early and hard in the housing bust have been seeing a declining percentage of markdowns the past few months. In late April, for instance, 33% of houses in Los Angeles had been reduced in price. In early June, that figure inched down to 32%, and in the most recent analysis, it had dropped to 24%. The average markdown has become slightly less desperate as well - from 13% off the original price...

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

...Michael requested in his will, Katherine has been granted legal temporary guardianship of Prince Michael, 12, Paris Michael Katherine, 11, and Prince Michael II (also known as Blanket), 7. Deborah Rowe, the biological mother of Prince Michael and Paris, who renounced her parental rights years ago, stated in a recent interview an interest in taking custody of all three children, and her lawyer is involved in the guardianship proceedings. A guardianship hearing set for July 13 in Los Angeles was postponed until July 20. Katherine's lawyer said in a statement that the delay would allow the opportunity to "privately...

Author: /time Magazine | Title: Joe Jackson Makes Bid for Care of Michael's Kids | 7/11/2009 | See Source »

...Mark Lester, godparent to Michael's children, says he is not concerned by Joe's statements. "In recent years, Michael and Joe had repaired a lot of the emotional trauma that had gone on before," Lester tells TIME. He says that Joe has a different relationship with his grandchildren: "I've seen how Joe reacts with the kids; he's very loving with them...

Author: /time Magazine | Title: Joe Jackson Makes Bid for Care of Michael's Kids | 7/11/2009 | See Source »

...recent days, thousands of people from across the region have arrived at the cemetery, often in the rain, tearfully walking across what is effectively the grimmest of crime scenes. Some wore T shirts bearing the faces of deceased relatives. Others carried funeral pamphlets on which they'd long ago made notations of the spot on the cemetery's grounds they believed their relatives were buried: under an oak tree or along the side of the road...

Author: /time Magazine | Title: Outside Chicago, a Grim Tale of Unearthed Graves | 7/11/2009 | See Source »

...This rhetorical praise of human rights and justice has remained a core tenet of Obama's foreign policy, though his arrival in Africa is marked by mixed signs of political progress. Recent years have brought coups to Mauritania, Madagascar and Guinea, and distorted or disputed elections in Nigeria, Kenya and Zimbabwe. It was to this continued unrest that Obama seemed to direct his message, which was clearly scripted more for an African audience than an American one. The U.S. State Department arranged for listening events in several countries on the continent to get the message out. "Africa's future...

Author: /time Magazine | Title: Obama in Ghana Preaches Unity and Action | 7/11/2009 | See Source »

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