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...Nevada, says more than half of the homeowners who seek help from her nonprofit are living in houses they never had a realistic shot of affording. The best advice she can offer in the depressed Las Vegas real estate market is to ask the lender to allow a short sale, so that the house might be sold for less than what's owed on the mortgage...

Author: /time Magazine | Title: It's the Housing Market, Stupid | 10/21/2008 | See Source »

...caffeine. The trend started with super-caffeinated energy drinks in the '90s, but more recently scientists and marketers have created caffeinated foods and even personal-hygiene products. In the past five years, according to the market research giant Mintel, firms have launched at least 126 caffeinated food products for sale in the U.S. Twenty-nine such products have been introduced this year alone. The offerings include things like Morning Spark oatmeal, NRG potato chips and - my favorite, if only for the brazen attempt to draw kids into caffeine culture - Jelly Belly's Extreme Sport Beans, which the company calls "Energizing...

Author: /time Magazine | Title: Hey! Who Put the Caffeine in My Soap? | 10/20/2008 | See Source »

...with so many other businesses in the current credit crunch, the undertakers face a liquidity problem. And it's not only among the state-assisted burials for the destitute that earnings are down: Many middle-class families pay for funeral services with profits from the sale of the deceased's property; with the British property market in free fall, the NAFD says families are opting for less opulent burial services. The reduction of earnings leads to cash shortages among undertakers, which means that many of them require loans to cover the expenses of welfare funerals as they wait...

Author: /time Magazine | Title: Corpses Pile Up Amid Britain's Financial Crisis | 10/20/2008 | See Source »

...complexes are popular in Phuket. Nonetheless, the real lure of Phuket is a villa of your own, preferably with a private infinity pool and ocean view. From 2006 to '07, at least 2,300 high-end residential units were launched in Phuket, and roughly 970 more came up for sale in the first half of this year, according to Colliers International. Prices have skyrocketed, with new buyers from India, South Korea and even Central Asia driving up demand. At the Trisara residential complex, for instance, a sea-view, fully furnished two-bedroom villa managed by the boutique hotel...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...banks that have gambled and lost is playing out across the American economy. So far, Bair has worried about Main Street while working overtime to limit the damage on Wall Street. In the past month, she's overseen the "resolution" (meaning, in a banker's lexicon, the "failure and sale") of the country's sixth largest bank, Washington Mutual, and helped negotiate the forced sale of superregional Wachovia bank to Citi (only to see the deal, in an embarrassing turn, break down when Wells Fargo snatched up Wachovia instead). She got Congress to boost the ceiling on deposit insurance temporarily...

Author: /time Magazine | Title: The FDIC's Boss: Sheila Bair, America's Passbook Protector | 10/16/2008 | See Source »

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