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...Some markets still have further [down] to go, but we're definitely in the latter innings of the downturn," says David Goldberg, an analyst at UBS. "Even if there's another leg down, we definitely think by [late] 2010 we will have seen the bottom of housing...

Author: /time Magazine | Title: Still Hunting for a Bottom in Housing | 1/7/2010 | See Source »

...retirement of John Breaux of Louisiana and the loss of South Dakota's Tom Daschle, along with the bitter wounds from years of being in the minority, has left the party less open to cooperation. "The Senate is a nasty and brutish place now compared to anything I've seen in 40 years, and it's still better than the House," says Norm Ornstein, author of The Broken Branch: How Congress Is Failing America and How to Get It Back on Track. "We see more and more people in their late 50s early 60s, who in years past would...

Author: /time Magazine | Title: Senate Retirements Point to Dems' Uphill Election Fight | 1/7/2010 | See Source »

...That's why managing expectations down seems a sensible step. Perhaps, if the U.S and its allies play their cards right, with a regional plan to expand economic development in Yemen and coordinate security, the sort of disaster seen in Afghanistan and Somalia can be avoided. "We've seen this movie before, and we know how it ends," says Christopher Boucek, an associate in the Middle East program at the Carnegie Endowment for International Peace. "Yemen's problems are really unsolvable. But you can reduce the impact that they will have, make them less bad and increase the chances...

Author: /time Magazine | Title: Yemen: The Most Fragile Ally | 1/7/2010 | See Source »

...threat," the European official explains. "But these are also basic details that can now get overlooked as surveillance becomes more technical and computerized and people wait for a warning beep to sound. Yes, Abdulmutallab should have been entered into U.S. systems, but even without that, someone somewhere should have seen these other details and checked them out." (Read "The Lessons of Flight...

Author: /time Magazine | Title: Flight 253: Too Much Intelligence to Blame? | 1/7/2010 | See Source »

...that are topped with military bases and surround the capital. Much of the populace credits Yemen's President of 30 years, Ali Abdullah Saleh, with unifying north and south Yemen in 1990 and with holding on to the unification during a civil war four years later. "You should have seen it," Ghalib Onkumah, a teacher, says, shaking his head and making a face. In the dark days before Saleh took over, there were endless tribal and civil wars, he says. Onkumah, like many Yemenis, is confident that Saleh will maintain control of the country despite the looming threat of state...

Author: /time Magazine | Title: In Yemen's Capital, Fearful Talk of War with al-Qaeda | 1/6/2010 | See Source »

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