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...Although relatively few troubled loans will come due before the end of this year, the implications for banks are already being felt. The delinquency rate for commercial real estate loans hit 1.8% in March, triple that of a year ago, according to Scott Talbott, a lobbyist for the Financial Roundtable, which represents the largest lenders. "Losses from commercial real estate are the next economic shoe to drop," he said. "This issue has moved to the forefront...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

Silver Spring is by far the smallest player in the Energy Smart Miami initiative, but its contributions are key. The Silicon Valley startup will supply the software that will make the smart grid smart, using the open technology platform Internet Protocol to send data through the system. Although using an open platform has made some experts concerned about the security of a smart grid, Lang points out that his company's software will make it easier to adapt the grid to new technologies - smart appliances, plug-in cars - that might arise down the road. "This is going...

Author: /time Magazine | Title: Miami's Smart Grid: A Blueprint for the Power Future | 4/22/2009 | See Source »

...Although she didn’t plan on continuing basketball after graduation, Altmaier fully expected it to be a significant part of her college experience...

Author: By Mark J. Chiusano and Hyung W. Kim, CRIMSON STAFF WRITERS | Title: Leaving the Locker Room | 4/22/2009 | See Source »

...Although an executive summary of the report was released in December; the full version - which appears to have survived the Pentagon's declassification review with only mild redaction - will likely have much greater impact, coming on the heels of the CIA "torture memos" released last week...

Author: /time Magazine | Title: Report Details Pentagon Role in Torture Tactics | 4/21/2009 | See Source »

...decades. In the last ten years, the polls have reached almost every one of China's over 600,000 villages. Urban residents have no direct elections, and all other official positions above the village level are indirectly elected in polls over which the ruling Communist Party maintains strict control. Although the village elections are still dismissed by some critics as an attempt by the Party to be able to show direct democracy in action in China without conceding any real power, they have received the growing endorsement of one key electorate: the villagers themselves. "When we first started out only...

Author: /time Magazine | Title: More and More, Rural China Is Going to the Polls | 4/21/2009 | See Source »

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