A tide of foreclosed properties has been sweeping into the beleaguered housing market, bringing down property values, dislocating families, and sending municipal governments scrambling to manage the crisis. But some buyers see a once-in-a-lifetime opportunity in the gloomy headlines; they are buying up foreclosed properties at ultra-low prices.
At 9 on an overcast morning, controlled chaos reigns at the headquarters of lingerie merchant Bare Necessities. An unusual team of consultants has just taken over the company's unadorned conference room in Avenel, N.J. One consultant is shoving desks into the center of the room. Others are unpacking gigantic Post-it Notes from boxes and plastering them on the walls.
Presidential contender Sen. Barack Obama raised at least $32.5 million in the second quarter of 2007, topping his first quarter effort by nearly $7 million, the Illinois Democrat's campaign announced Sunday.
Just when Washington insiders were beginning to think of Sen. Hillary Clinton's nomination as inevitable, here comes Sen. Barack Obama to shake up that assumption with stupendous second-quarter fundraising totals: $32.5 million raised, of which $31 million can be spent in the Democratic primaries.
For most of last night's debate on CNN, the Democratic presidential candidates did what you would expect: They argued with one another and tried to separate themselves from their opponents on issues ranging from Iraq to health care to gay marriage.
New Mexico Gov. Bill Richardson officially entered the 2008 presidential contest Monday in an event designed to highlight his resume and Latino heritage, attributes his advisers say will help him stand out in a Democratic field with little elbow room.
The United States will assess on Saturday whether North Korea has taken action to shut down its Yongbyon nuclear reactor, now that the communist nation has gained access to unfrozen funds, said U.S. State Department spokesman Sean McCormack.
As a former U.N. ambassador, Bill Richardson, 58, has a knack for persevering in sticky situations. The New Mexico Governor, who titled his new autobiography Between Worlds: The Making of an American Life, spoke with TIME's Karen Tumulty about his possible bid to become the first Latino President, the shocking grooming habits of some world leaders and his storied baseball career.
New Mexico Gov. Bill Richardson declared a state of emergency Friday in four counties along the Mexican border that he said have been "devastated" by crimes such as the smuggling of drugs and illegal immigrants.
The opening speakers Monday at the Democratic National Convention have more to do with the past than the future as former Presidents Clinton and Carter and former Vice President Al Gore prepare to take the stage.
This week in The Inside Edge, how same-sex marriage may play out in the campaign, why Republicans are picking up the phone, which country might be next to buck an incumbent and which former Clinton official Kerry might consider as his running mate.
The X Prize Foundation and the New Mexico Office of Space Commercialization are joining forces to stage the multi-faceted X Prize Cup, a two-week long event that allows for privately financed, passenger-carrying space vehicles to compete for prizes.
The images of naked Iraqi prisoners being tormented at the Abu Ghraib prison west of Baghdad not only have shocked the public but also have come as an unwelcome surprise to members of Congress who are supposed to be watching over the intelligence community.