The downward spiral of the housing market, which experts expect will continue, has not only lowered home ownership, but tarnished a piece of the American dream.
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Published News » World Business
Housing Index Is Expected to Show a New Low in Prices
Posted by kagan 361 days ago (http://www.nytimes.com)Drug Trade Flourishes in Spanish Port Town
Posted by kagan 361 days ago (http://www.nytimes.com)
Amid hard times, drug smuggling has found a revival in Barbate, an area plagued by drug activity because of its proximity to North Africa.
In Its Rebound, Detroit Focuses on Selling Smaller Cars
Posted by kagan 362 days ago (http://www.nytimes.com)
The American auto industry has made small cars a central part of its strategy, seeking to capitalize on a shift in the preferences of consumers in an era of high gas prices.
Funny or Die: Groupon’s Fate Hinges on Words
Posted by kagan 363 days ago (http://www.nytimes.com)
The e-mail marketer hopes that its staff of 400 writers and editors will keep it one step ahead of its discounting competitors on the Web.
Saab Resumes Production With Push From Chinese Partner
Posted by kagan 364 days ago (http://www.nytimes.com)
Pang Da Automobile provided crucial aid to get Saab back online after the collapse of a previous deal left the Swedish carmaker scrambling to stay alive.
French Minister to Seek Top I.M.F. Job
Posted by kagan 366 days ago (http://www.nytimes.com)
Developing nations are objecting to naming a European, but Christine Lagarde is still seen as the top candidate.
DealBook: Yandex Is Set for $1.3 Billion Stock Offering
Posted by kagan 368 days ago (http://dealbook.nytimes.com)
Yandex, one of Russia's largest Web companies, is pricing its offering at $25 a share, well above expectations, according to a person briefed on the deal.
Free Speech on Twitter Faces Test
Posted by kagan 369 days ago (http://www.nytimes.com)
A British soccer star’s affair became gossip online but was blocked from the media, fueling a debate about privacy.
Europeans Focus on Retaining Leadership of I.M.F.
Posted by kagan 369 days ago (http://www.nytimes.com)
Officials rallied around Christine Lagarde despite calls from emerging markets for a transparent process.
Some See Rise Ahead for Dollar
Posted by kagan 374 days ago (http://www.nytimes.com)
For the better part of the past decade, and particularly in the past few months, the dollar has been the weakling of the foreign exchange world. That may be starting to change.
BP Deal With Russian Oil Giant Collapses
Posted by kagan 374 days ago (http://www.nytimes.com)
A deal to explore the Arctic with Rosneft was intended to help BP turn the page after the Gulf of Mexico oil spill.
Britain Set to Announce Ambitious Environmental Steps
Posted by kagan 375 days ago (http://www.nytimes.com)
A new law envisions a 50 percent reduction in greenhouse gas emissions by 2025, despite the government’s austerity measures.
Alibaba and Yahoo Try to Make Up
Posted by kagan 376 days ago (http://www.nytimes.com)
The two companies are working to resolve a fight that erupted after a regulatory filing last week.
‘Sex on Wheels’? Now Ferrari Has ‘Room for Groceries,’ Too
Posted by kagan 377 days ago (http://www.nytimes.com)
Ferrari’s chairman is broadening its lineup with a hatchback, but wants to retain the exclusivity of a luxury brand.
I.M.F. Chief, Arrested at Airport, Is Accused of Sexual Attack at Hotel
Posted by kagan 377 days ago (http://www.nytimes.com)
The managing director of the International Monetary Fund, Dominique Strauss-Kahn, was arrested at John F. Kennedy International Airport, accused of attacking a hotel maid, the authorities said.
I.M.F. Names New Leader
Posted by kagan 376 days ago (http://www.nytimes.com)
The International Monetary Fund named John Lipsky acting managing director after its chief, Dominique Strauss-Kahn, was arrested in connection with a sexual attack. The accuser picked him out of a lineup Sunday.
Germany and France Bolster the European Economy
Posted by kagan 377 days ago (http://www.nytimes.com)
The European Commission offered a brighter outlook for the year as a whole, but data for individual nations pinpointed areas of weakness.
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