Tuesday, March 31, 2009

Daily Updates from The Page on TIME.com

The Page --- The Latest Updates

Home Prices Continue to Plummet

Housing prices in the worst hit metropolitan areas have fallen nearly in half with no turnaround in sight. S&P's home price index of 20 metropolitan areas fell a record 19% in January from the year before.

Heading Across the Pond

The first couple en route to the UK, kicking off their eight-day European tour. Video of them boarding Air Force One here. They'll waste little time before headlining their first scheduled event: meeting with U.S. Embassy workers at the American School in London. Obama will attend the G-20 meeting in London this Thursday. Get more details [...]

World Bank Warns of Deep Slowdown

The World Bank says the world economy will contract by 1.7% this year, the first decline since World War II. The Bank predicts that the world's richest countries will contract by 3%, while world trade will fall by 6.8%.

Most Don't Blame Obama for Downturn

WashPost-ABC News: Two-thirds approve of the way Obama is handling the job, and 6 in 10 give him good marks on issue No. 1, the economy. The percentage of Americans who said the country is on the right track still stands at just 42%, but that's the highest percentage in five years. Plus: Michelle Obama enjoys high [...]

Clinton Outlines Afghan Strategy

The Sec. of State discusses Obama's new plan for boosting Afghan security and government during a one-day conference in the Netherlands.

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Swampland

The Annals of Bad Timing

Via the New York Times, a reminder that many Detroiters won't be able to read about the collapse of their local industry: Maybe once a year, a city has a news day as heavy as the one that just hit Detroit: The White House forced out the chairman of General Motors, word leaked that the administration wanted Chrysler to [...]

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TIME Daily News 24/7

Today's Top Stories

The G-20 Summit: Can This Group Save the World Economy?

By MICHAEL ELLIOTT

Don't expect too much from this week's summit of the world's leading economies, but that's no cause for despair

Obama's Auto Odd Couple: Trying to Save GM and Chrysler

By MASSIMO CALABRESI / WASHINGTON

Steve Rattner and Ron Bloom come from very different parts of the world of high finance, but the Administration needs both of them to give GM and Chrysler any chance of surviving

Despite Naval Patrols, Somalia's Pirates are Busier Than Ever

By NICK WADHAMS / NAIROBI

The number of attacks on shipping has doubled in recent months, albeit with a far lower success rate. But counter-piracy efforts are also making the raiders more violent

Listen Up: The CIA Hits the Radio to Recruit Spies

By BOBBY GHOSH / WASHINGTON

The agency's outreach program includes a more aggressive ad campaign

Colleges Face a Financial-Aid Crunch

By LAURA FITZPATRICK / SARATOGA SPRINGS

This admissions cycle, families need more help than ever. But with budgets pinched, how much can colleges afford to offer? A look inside one school's calculus

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TIME Blogs

Swampland

By Amy Sullivan

The part-time North Korea envoy has his hands full with the detainment of two American journalists by North Korea and the scheduled test-launch of a long-range ballistic missile.

Special Package

Top 10 Architectural Postponements

Plans for prestigious architecture projects often flourish during boom years; the actual construction, though, can wither after the bubble bursts

Quotes of the Day

"I can put my hand on my heart and say we've finished this right."
ANDY SALMON,
general with Britain's Royal Marines, as British forces begin their official withdrawal from Iraq
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Postcard from...

China's Dinosaur Fossil Collections Are Vast — But Are They Real?

By Jessie Jiang and Simon Elegant

An isolated museum in China claims to have the world's largest collection of dinosaur fossils — but is taking the fifth on how many of them are real

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Monday, March 30, 2009

10 Most Popular Stories of the Week

10 Most Popular Stories

The End of Excess: Is This Crisis Good for America?
Reagan: Michael Evans / Zuma; Obama: Brooks Kraft / Corbis for TIME

1. The End of Excess: Is This Crisis Good for America?

By Kurt Andersen

Our 30-year winning streak couldn't last forever. Now we're sobering up. How a reset can make America a saner, better place

2. Juarez: Running the Most Dangerous City in the Americas

By Tim Padgett / Juarez

An interview with the mayor of the Mexican border city, which saw almost 2,000 drug-related deaths since the beginning of last year

3. Ian McKellen: The Player

By ALEX PERRY / CAPE TOWN

Ian McKellen is the greatest British stage actor of his generation — though it took his onscreen turns to finally prove it

4. Celebrity Twittering: Is That Really You, Shaq?

By Claire Suddath

Two men followed Shaquille O'Neal's Twitter feed to find the superstar in person. And they're not the only ones. See how the fan-celebrity dynamic is changing.

5. Want to Save Money? Carry Around $100 Bills

By Sean Gregory

A new study explores our reticence to break big bills

6. The World's Cheapest Car Debuts in India

By JYOTI THOTTAM / PUNE

Defying doubters, Tata Motors launched the Nano subcompact with a sticker price of less than $2,000. Is this the future of auto manufacturing?

7. Is the Economy Starting to Recover? Or Just Less Bad?

By Justin Fox

Encouraging news on home sales and durable-goods orders do not a recovery make. But it helps build confidence, and we sure need that.

8. A Blacklist for Websites Backfires in Australia

By Belinda Luscombe

Australia's media watchdog learned the hard way that blocking objectionable Web content is harder than it sounds — especially when your list of banned URLs gets leaked

9. Germany's Phantom Serial Killer: A DNA Blunder

By Claudia Himmelreich / Berlin

The hunt for a mysterious female serial killer seems to have come to an end, as German police reveal that DNA evidence may be the result of contaminated cotton swabs

10. Are 3-D Movies Ready for Their Closeup?

By Josh Quittner

For some of the world's top filmmakers, digital 3-D is the future of movies. Adjust your glasses

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Daily Updates from The Page on TIME.com

The Page --- The Latest Updates

NOT VIABLE

Obama will get tough with automakers, say GM, Chrysler submitted unacceptable restructuring plans to receive more bailout money. Expected to give GM financing for 60 days to restructure; Chrysler up to $6 billion, 30 days to complete alliance with Fiat. Will make the remarks from the Grand Foyer of the White House at 11:00 am ET. View parts [...]

Clinton to the Hague

The SecState is en route to the Netherlands Monday for an international conference on Afghanistan. Will be her first contact with Iran, but U.S. officials say she did not plan "substantive" talks with the country on the sidelines.

WALL STREET HEADS SOUTH

The Dow drops more than 250 points as Obama prepares to unveil his auto rescue plan. Overseas markets sank as well. GM fell 21% in Germany.

Granholm: Wagoner "Clearly Is a Sacrificial Lamb"

The Michigan Gov. backs the GM chief after he is forced out by the Obama administration Sunday night. The Democrat tells NBC's "Today" he had worked for the company for more than 30 years and was trying to turn it around. Click above to watch. Plus: Read Wagoner's Monday statement to GM employees here. [...]

Back to the Hill

Obama will head to the House side this time to build support for his budget from rank-and-file Democrats. Will meet with the House Democratic Caucus at 5:30 pm ET. Plus: WashPost's five things you need to know to follow the action.

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Swampland

The Other U.S. Auto CEO Speaks

Ford CEO Alan Mullaly explains to TIME why he isn't getting a bailout.

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