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Home prices were down nearly 20% at the end of last year, according to two new reports. But there is plenty of further room to fall, say economists who forecast where the housing market is headed. The median sales price of existing homes fell to $175,400 in December, down 15.3% from a year earlier, according to the National Association of Realtors (NAR). And the S&P/Case-Shiller index shows that home prices in 20 cities fell 18.2% in November compared with the year before. Both measures make houses about as expensive as they were...
...Lewis L. B. Gifford ’51, who worked with Updike on The Lampoon, said that Updike once showed him a bound volume of his early writings in his Hollis dorm room. The work had been typed by Updike’s mother, herself an aspiring writer who worked in a department store...
Forced to lower its dues because of the financial crisis, the Porcellian Club will have to lease the Bike Room to a local business. The owners of a mediocre burrito joint and a purveyor of useless but overpriced knickknacks will come to blows over the space, and two WASPs will sustain minor injuries as they flee the kerfuffle. The College will finally remark on the lack of social space on campus...
...movie. The September Issue, an inside look at the making of Vogue's big fall issue (always its biggest) by R.J. Cutler, who made The War Room, opened at the Sundance Film Festival last weekend, with Wintour in attendance. "She's a singular figure in fashion and business," says Cutler. "And pop culture is fascinated with her. On some level, all those films about fashion editors are expressing...
Four Seasons also has a "Presidential Retreat" package to give you a taste of the chief executive's life. You get a VIP greeting and escort to your room, champagne and chocolates delivered by a champagne butler and an executive power treatment - either a facial, massage or scrub. Once revitalized, you can tackle the economy with a $50 gift card (hey, it's a start). Relax the next morning with breakfast in bed. Rates begin at $470. Through March 1. 120 East Delaware Place, Chicago...