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...With home prices back to earth and federal dollars encouraging first-time owners, Generation Y is out shopping in a way it never has before. People in their 20s and early 30s aren't looking for large move-up homes, rather simple starters that put minimal space to efficient use. (See pictures of Americans in their homes...
...other interesting bit about the mortgage-interest deduction is that policymakers never intended it to help promote homeownership - something that many people assume to be the case and use to help frame their thinking about the appropriateness of using the tax code to boost home-buying. Rather, the deduction is an artifact of the 1894 federal income-tax code, under which all interest was deductible, since pretty much all interest was a business expense. There weren't really loans to buy houses back then. In other words, a massive and costly cornerstone of American housing policy isn't even something...
...tentative plan is for GM to continue building Hummer vehicles through a transitional period. The length of the transition is one of the unresolved issues. Longer term, Hummer is hoping to replace its gas guzzlers with new models that use lighter-weight materials and advanced power trains, and maybe even hybrid vehicles. The plan is to continue building Hummers in the U.S., not in China where the prevailing wages, $12 to $25 per day, are significantly lower...
...lead of Switzerland and a handful of other countries, Britain recently concluded a four-year trial in which longtime addicts were given daily heroin injections as part of a treatment program to eventually wean them off the drug. Now, with results showing the trial succeeded in reducing street-drug use and crime among participants, Britain could soon become only the second country in Europe to institutionalize the program. That would mean permanent, state-funded heroin clinics would be set up across the country to treat the most heavily addicted people. (See pictures of the dark path of drugs...
...1970s and 1980s doctors became reluctant to prescribe doses high enough to actually work, fearing patients would sell them on the black market. "It was a lose-lose situation," says Strang. Then, in the early 1990s, researchers from Switzerland, which was witnessing a dizzying spike in heroin use, came knocking. "They saw what we were doing and said, 'We can do better,' " Strang says. (See pictures of cannabis culture...