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...among home buyers in China, is there a significant amount of debt financing. According to Patrick Chovanec, a professor at Beijing's Tsinghua University who studies the Chinese real estate sector, only about 50% of residential purchases are made using mortgages. The other half are paid for in full at the time of acquisition. (In the U.S., by contrast, over 90% of residential housing transactions are financed with mortgages.) One of the reasons for this is that, just like Yang, many Chinese have been moved out of formerly state-owned housing units in urban areas as part of redevelopment projects...
...reality, Deere is following its customers. For decades, smaller U.S. farms have been replaced by industrial, or factory, operations. It's not the storybook farm, but it's more efficient. "The amount of money a dealer has to invest to train its technicians or buy diagnostic tools continues to grow," says Deere CEO Samuel Allen, a company lifer. "So to be a great dealer requires making more money and that's gotten harder for smaller operations." (See pictures of farm land in Nebraska...
TIME says "research conclusively shows that vaccines are safe for children." I recall my father, a biologist, insisting that science can prove falsity but not truth. As Albert Einstein said, "No amount of experimentation can ever prove me right; a single experiment can prove me wrong...
...CIAA, the European food-and-drink-industry body, also believes the voluntary back-of-package guideline-daily-amount (GDA) labels are good enough. "While there is no silver bullet to tackling obesity, we are already doing a lot," says Mella Frewen, the head of the group. "Issues such as obesity require a complex mix of solutions. We need a more coherent approach covering a multitude of factors, like education, physical activity, portion size and frequency of consumption." Frewen contends the traffic-light proposal is too subjective. "It makes a blanket judgment about foodstuffs and suggests that there are 'good...
...simply taking reality TV to a new low of cynicism and bad taste? That's the question viewers across France are asking in light of Christophe Nick's new film, The Game of Death, which airs on French television on Wednesday night. The documentary has generated a massive amount of attention - and naturally, courted controversy - because of the dilemma that the film's contestants face on a fake game show: Will they allow themselves to be cajoled into delivering near lethal electrical charges to fellow players, or follow their better instincts and refuse...