GOOD DAY FOR: Renters, after Deutsche Bank estimated that 48 percent of U.S. homes will be “underwater,” or worth less than the money owed on them, by 2011. As of March, 26 percent of U.S. homes were underwater. The report also sees a further 14 percent drop nationwide in housing prices by 2011, which would bring the total decline to 41.7 percent. Other evidence points toward a stabilization in the housing market. (Reuters in Yahoo! News)
BAD DAY FOR: Shooting home movies, as Quebec police are weighing a host of charges against a family that videotaped, then posted on YouTube, footage of 7-year-old son “Samuel” driving the family SUV. The film, evidently shot by the father, also shows an seatbelt-less young girl in the backseat. (Reuters)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Political cartoons for November 15Cartoons Saturday's political cartoons include cowardly congressmen, a Macy's parade monster, and more
-
Massacre in the favela: Rio’s police take on the gangsIn the Spotlight The ‘defence operation’ killed 132 suspected gang members, but could spark ‘more hatred and revenge’
-
The John Lewis ad: touching, or just weird?Talking Point This year’s festive offering is full of 1990s nostalgia – but are hedonistic raves really the spirit of Christmas?
