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...they get overconfident--the hot-hand bias that leads folks to think a basketball player will sink his fourth shot after making the prior three, even though probability says the odds are the same for every shot. That explains sellers' reluctance to cut prices, Peterson says. Academic studies also suggest that frustrated sellers take their homes off the market rather than accept lowball offers. It happened in Boston in 1991, when condo prices tanked and two-thirds of the inventory was withdrawn for sale, says Chris Mayer, a Columbia Business School professor. Sellers then had to wait...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

...what exactly is Sciona doing? The company, says Gill-Garrison, tells its customers if any of the 19 genes they screen reveal a metabolic problem that has been clearly associated with disease. If the tests suggest the customer has a gene that promotes, say, a bad cholesterol profile, it can tell that person, based on his dietary and lifestyle profile, how to modify his diet and habits to keep his good (HDL) and bad (LDL) cholesterol in healthy balance. Ditto for other genetic markers. Sciona, says Gill-Garrison, makes sure that each nugget of advice it offers is built...

Author: /time Magazine | Title: Can a DNA Test Tell You How to Live Your Life? | 8/1/2006 | See Source »

...decisions and public appearances in his place. "This is a serious dry run of the their succession plan," another U.S. intelligence official says. "And they're looking at how the Cuban people and the international community reacts to Raul in charge." Sources in Cuba, however, dispute that notion and suggest the surgery only took place Monday morning of this week. Either way, even if Fidel should die in the coming days, Raul seems to represent the kind of unchaotic transition in Cuba that both Fidel and, frankly, the nine U.S. Presidents he has tormented since 1959, would prefer. -With reporting...

Author: /time Magazine | Title: Why Raul Castro Could End Up a Reformer | 8/1/2006 | See Source »

...experience withdrawal-like symptoms if they don't get their regular fix. So public-health officials and consumer advocates are taking lessons from the antismoking movement. Not only are they pushing for laws to curb young people's access to salons, but some have gone so far as to suggest raising taxes at the tanning booth. Lawsuits against the industry are also part of the strategy. In June, the first class action for indoor-tanning consumer fraud was filed against Hollywood Tanning Systems, in Mount Laurel, N.J., which operates one of the largest tanning chains in the U.S. The suit...

Author: /time Magazine | Title: Why Teens Are Obsessed With Tanning | 7/31/2006 | See Source »

...tanners to control their UV exposure with a timer in a salon than to sunbathe amid solar-radiation levels that vary not only from day to day but from hour to hour. Industry defenders also point out that dermatologists prescribe indoor tanning--to treat such conditions as psoriasis. "To suggest that there is no safe alternative to outdoor tanning--or that any tanning is bad for you--is ridiculous," says Hollywood Tanning chairman Ralph Venuto. The bottom line, says John Overstreet, executive director of the Indoor Tanning Association, is that "everyone agrees that what you need to avoid is being...

Author: /time Magazine | Title: Why Teens Are Obsessed With Tanning | 7/31/2006 | See Source »

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