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...year ago. The spectacularly bad trend was coupled with news from mega-mortgage lender Countrywide Financial that homeowners with good credit are starting to fall behind on mortgage payments. It has all contributed to a contagiously pessimistic mood. "We thought the upper end of the market was immune," says Steve Johnson, of real estate consulting firm Metrostudy. "But this is now like kudzu in the South, spreading into all product types in the southern California housing market...

Author: /time Magazine | Title: California's Real Estate Tailspin | 7/27/2007 | See Source »

...Zuckerberg: I was watching an interview with Steve Jobs the other day, in which he said that 'In order to be doing something like this, you have to really, really like what you're doing, because otherwise it just doesn't make sense.' The demands and the amount of work that it takes to put something like [Facebook] into place, it's just so much that if you weren't completely into what you were doing and you didn't think it was an important thing, then it would be irrational to spend that much time on it. Part...

Author: /time Magazine | Title: The Future of Facebook | 7/17/2007 | See Source »

Yates’ team is equally fresh—”Phoenix” is Goldenberg’s first “Harry Potter” film, and the first not written by Steve Kloves. The resumes of Hooper and Day look remarkably similar to that of Yates, including many of the same projects for English television and “The Girl in the Café.” Regardless of how many times you’ve read the book, watching their film is like experiencing “Order of the Phoenix?...

Author: By Jillian J. Goodman, CRIMSON STAFF WRITER | Title: Harry Potter and the Order of the Phoenix | 7/13/2007 | See Source »

...What can your committee do about witnesses who say they do not recall anything? -Steve Hychka, west lafayette, ind.It is very frustrating when witnesses act as if they can't recall as a way to avoid perjuring themselves. We did bring back one witness who had testified that she didn't recall but went to another hearing and testified that she did recall. Asking her to answer those discrepancies was a signal that we are going to hold people accountable...

Author: /time Magazine | Title: 10 Questions for Rep. Henry Waxman | 7/13/2007 | See Source »

...main claim to being the most electable candidate in November 2008. But it has also come to symbolize the resolve that his advisers insist is McCain's greatest asset. "This is a guy who refuses to back down from his core principles," McCain's New Hampshire Vice Chairman Steve Duprey said in introducing the Arizona Senator to the Greater Concord Chamber of Commerce, eliciting one of the few rounds of applause and cheering in what was otherwise a grim event...

Author: /time Magazine | Title: McCain Goes Back to Move Forward | 7/13/2007 | See Source »

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