by Peter Coy
Friday, February 1, 2008
Why home prices could drop 25% more on average before the market finally hits bottom
As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot tougher. Will American consumers keep shopping or be forced to pull back? Will banks lend freely or be hamstrung by mortgage defaults? What are the best policy options right now? Those and other important questions simply can't be answered without a good idea of whether home prices will rise, flatten out, or keep dropping.
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Friday, February 1, 2008
Chaos as Chinese travelers stampede stations :Partnergoogle
Chaos as Chinese travelers stampede stations - CNN.comGUANGZHOU, China (CNN) -- Chinese travelers stampeded train stations in their thousands as rail service resumed Friday, but authorities warned that the continuing snow storms would still crush the hopes of many people desperate to see their families during their only break of the year.
Domestic Spying Program Could Aid Terrorists, Experts Say
ABC News: Domestic Spying Program Could Aid Terrorists, Experts SayAlthough the Bush administration calls it a vital weapon against terrorism, its domestic wiretapping effort could become a devastating tool for terrorists if hacked or penetrated from inside, according to a new article by a group of America's top computer security experts.
Microsoft Offers $44.6B for Yahoo
Microsoft Offers $44.6B for Yahoo: Financial News - Yahoo! FinanceSAN FRANCISCO (AP) -- Microsoft Corp. has pounced on slumping Internet icon Yahoo Inc. with an unsolicited takeover offer of $44.6 billion in its boldest bid yet to challenge Google Inc.'s dominance of the lucrative online search and advertising markets.
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