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...emotionally ready to be a homeowner. You have good credit, plan to stay put for five years and have been waiting for the perfect entry point. It's time to get serious--before an inevitable rise in interest rates wipes out your advantage. "The thing that will make home prices stop falling is the very same thing that will push mortgage rates higher," says Jim Svinth, chief economist at mortgage firm Lending Tree. So anything you gain by a further drop in prices might be offset by rising financing costs...

Author: /time Magazine | Title: Ignore the Headlines | 2/14/2008 | See Source »

...rate of 5.5%. Monthly principal and interest come to $994.31. Let's say that 12 months from now the same house goes for 10% less, or $197,010. But by then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage costs rise a point, to 6.5%, your monthly payment would be $994.94 and you'd have saved nothing. Meanwhile, home prices might steady and sellers might become less willing to negotiate. And you have spent a year living someplace you'd rather...

Author: /time Magazine | Title: Ignore the Headlines | 2/14/2008 | See Source »

...last December, involved 4,861 participants, aged 45 to 70, who had lived at least five years near a major European airport. Researchers found that nighttime airport noise was linked to a significant increase in risk for hypertension; every 10 dB increase in exposure led to a corresponding 14% rise in high blood pressure risk. In addition, the study found, daily exposure to road traffic noise (at average levels above 65 dB) led to a more than 50% increased risk of hypertension - but, curiously, only among men, not women...

Author: /time Magazine | Title: Nighttime Noise and Blood Pressure | 2/13/2008 | See Source »

...workers." It would be stretching a point, Reader concedes, to claim that the potato set off the Industrial Revolution, but he makes a good case for its role in fuelling it. And what flowed from that revolution is, as they say, history - industrial Europe's global rise (and decline), the catastrophic Irish potato famine and the migrations that took Europe's population surpluses to the New World...

Author: /time Magazine | Title: King of the Carbs | 2/13/2008 | See Source »

...interventionism has increased the prevalence of terrorism. Data from the Memorial Institute for the Prevention of Terrorism (MIPT) database, a public index of terrorist incidents established after the Oklahoma City bombing of 1995, informed this research. Following the launch of Operation Iraqi Freedom, the study reported a 607 percent rise in the average annual occurrence of jihadist attacks worldwide and a 237 percent rise in the average fatality rate from those attacks. The bulk of this increase occurred in Afghanistan and Iraq...

Author: By Courtney A. Fiske | Title: The Flaws of Interventionism | 2/13/2008 | See Source »

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