Word: june
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...result was a bubble; at its peak, average U.S. house prices were rising at 20% a year. Then - as bubbles always do - it burst. The S&P Case-Shiller index of house prices in 20 cities has been falling since February 2007. And the decline is accelerating. In June prices were down 16% compared with a year earlier. In some cities - like Phoenix and Miami - they have fallen by as much as a third from their peaks. The U.S. real estate market hasn't faced anything like this since the Depression. And the pain is not over. Credit Suisse predicts...
...response, the World Health Organization (WHO) in June recommended widespread use of a new, faster test that can screen for drug-resistant TB in the blood in one or two days. But it requires sophisticated lab facilities for amplifying genes that are beyond the limited resources of most developing nations. "It will be very difficult to bring expensive technologies, machines and trained technicians on a wider scale," predicts Dr. Arvinder Pal Gill, district TB officer in Moga, in India's Punjab region. In addition, the test can detect only MDR TB, not the emerging XDR strains. But both...
...some 20-30 million have taken on more debt than they can handle, he estimates. Rising rates of loan defaults appear to back up the claim. For example, nonperforming assets at ICICI Bank, India's largest private lender, rose to 1.8% of total assets in the quarter ending in June, compared with 1.35% a year earlier...
WEEK BY WEEK [This article contains a table. Please see hardcopy of magazine.] JUNE JULY AUG. SEPT. OCT. TOTAL WEEKS WON REPUBLICANS TIE X TIE X TIE X X TIE X X X 7 DEMOCRATS...
...past five months, TIME's James Nachtwey has documented the resurgence of TB in seven countries. Turning back the epidemic will require not just newer and more effective drugs but also better ways to detect the disease and a renewed commitment to expanding existing TB-treatment programs. In June the World Health Organization (WHO) recommended a new, rapid test for TB that can provide results in as little as two days. But for most TB-ravaged nations, adopting the technique will require upgrading lab facilities. That's not easy, but it's something WHO hopes will ultimately help these countries...