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)
Subscribe to 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.
-
EastEnders at 40: are soaps still relevant?Talking Point Albert Square's residents are celebrating, but falling viewer figures have fans worried the soap bubble has burst
-
What will the thaw in Russia-US relations cost Europe?Today's Big Question US determination to strike a deal with Russia over Ukraine means Europe faces 'betrayal by a long-term ally'
-
Why Spain's economy is boomingThe Explainer Immigration, tourism and cheap energy driving best growth figures in Europe
