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...This is good news for sure, but the data don't come without caveats. First of all, as economist Robert Shiller has pointed out, the index that bears his name has shown signs of turning a corner in the past. In early 2008, the rate of monthly home-price declines started dropping (that is, the housing situation looked to be moving from really bad to less bad). That momentum didn't stick, though, owing to the broader economic downturn. This time around, a first-time homebuyer tax credit is giving a huge boost to the market - nearly a third...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

...Data on new-home sales, though, are notoriously imprecise and volatile. The margin of error on July's 9.6% gain, for instance, is plus or minus 13.4%. In other words, strictly speaking, the Commerce Department can't be sure the figure didn't actually go down. For that reason, new-home sales are best looked at over five or six months. There's still reason for optimism: a four-month string of increases is starting to get to the point at which one can legitimately call the trend significant. That's especially true when overlaid with data from the National...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

...immune system to recognize H1N1, and another six to eight weeks after that to generate true immunity to the virus. That's when scientists will know if the vaccine provided enough protection to allow the bottled inoculations to be shipped. After decades of making flu vaccines, the scientists are sure they know what they're doing. Indeed, had the pandemic begun earlier, in December or even January-when the World Health Organization made its determination of which flu strains to include in the routine seasonal flu vaccine-instead of April, then H1N1 might have simply been included as part...

Author: /time Magazine | Title: Behind the Unproven H1N1 Flu Vaccine | 8/26/2009 | See Source »

...Maagar Mohot polling company, two-thirds of respondents said they share the hard-right's refusal of any freeze on West Bank settlement - even if Arab nations reward such a move. Meanwhile, the hardship and anger produced in Palestine - and in Gaza particularly - is so great that slow but sure peace progress may not be enough...

Author: /time Magazine | Title: Netanyahu in Europe: Hopes for Renewed Peace Talks | 8/26/2009 | See Source »

...prison etiquette. A lot of people don't know how to be respectful - period. They're cocky and they walk around with a chip on their shoulder. Now they don't even have a name; they have a number. They have to follow rules. And they have to make sure they don't do stupid things...

Author: /time Magazine | Title: What to Expect When You're Going to Jail | 8/25/2009 | See Source »

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