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...reason we have bubbles in the housing market is because there's been no way to short housing [that is, to make money when prices fall]. The ability to short is essential to an efficient market, otherwise there's nothing to stop zealots from pricing things abnormally high. If you buy one of these long securities, called UMM, it's like buying a house, except you don't have to go through the real estate agent, take possession of a property, maintain it, rent it out. But we also have the DMM, which is short housing. Markets like this will...

Author: /time Magazine | Title: Yale's Robert Shiller on the Outlook for Home Prices | 5/6/2009 | See Source »

...little excess capacity. It points to the importance of health reform and increasing access to care, and making sure that people have a trusted medical source they can turn to for information. One of the reasons we work so hard on community control measures is not that you can stop the flu from spreading eventually, but if you slow it down, it can reduce the burden on your health care system at any one time. And that is something that will be a problem whenever we face a major crisis, and should this virus come back strongly in the fall...

Author: /time Magazine | Title: CDC's Dr. Richard Besser on Swine Flu and Katrina | 5/5/2009 | See Source »

...People are going to have to stop kissing the President,” she mused...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Faust Heeds Flu Precautions | 5/5/2009 | See Source »

...moderation, Twitter probably isn’t so bad. It’s the over-users who tweet every action and the attention-seekers posting introspection who stop me from using it (other than for HUDS menu listings). I just don’t want to turn into user Rogelio Umaña, who tweeted this gem last year: “I just found out somebody is stalking me on the Internet! :0 Should I worry? Nah! I embrace...

Author: By James A. Fish | Title: Idle Chatter | 5/5/2009 | See Source »

...such a catastrophe, Mexico has been quick to condemn foreign governments that have suspended commercial flights, calling the actions discriminatory. In a televised speech, Calderon urged nations that have cut off plane routes to Mexico - including Argentina, Colombia and Cuba - to reconsider. "I ask all the nations that they stop taking actions that only hurt Mexico and don't contribute to stopping the spread of the disease," he said. "Mexico will fight this virus better in collaboration with the rest of the world." Officials in those countries claimed, however, that they don't have huge stockpiles of antiviral drugs...

Author: /time Magazine | Title: Mexico's Swine Flu Battle Cry: A Return to Normal on Cinco de Mayo | 5/5/2009 | See Source »

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