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The standard advice for young writers has always been "Write what you know." Raymond Carver did exactly that. It so happens that for most of his life, what Carver knew best was hardship, both physical and psychological. In his short stories--tight-lipped parables of abjection that became hugely influential...

Author: /time Magazine | Title: Man of Constant Sorrow | 11/23/2009 | See Source »

That's true. While the cost of housing can be an obsession in other cities, Berlin's plentiful supply of inexpensive pads is a key factor in its appeal. A big overhang of cheap apartments and abandoned factories and warehouses in the formerly communist eastern half has depressed prices throughout...

Author: /time Magazine | Title: Hip Berlin: Europe's Capital of Cool | 11/16/2009 | See Source »

While newspapers in the U.S. are still filled with reports of foreclosures and ongoing declines in home prices, the headlines in China tell a different story. One local daily reports that in Shanghai on Oct. 30, more than 200 potential buyers crammed into the sales office of a new housing...

Author: /time Magazine | Title: Bubble Trouble: Why Real Estate Is China's Biggest Headache | 11/16/2009 | See Source »

For now, China's policymakers are indicating that pro-growth policies will stay in place. Economists don't expect the central bank to hike interest rates until next year. Instead, analysts think the government will try to avoid a real estate bubble by implementing sector-specific measures in the coming...

Author: /time Magazine | Title: Bubble Trouble: Why Real Estate Is China's Biggest Headache | 11/16/2009 | See Source »

What links Nine Dragons and Ashekian's case is Chungking Mansions, which a character in Connelly's novel describes as a "post-modern Casablanca - all in one building." Built in 1961, the building holds about 1,000 cheap guesthouse rooms, some with deceptively pleasant names like the New Hawaii and...

Author: /time Magazine | Title: U.S. Crime Writer Tackles a Real Hong Kong Cold Case | 11/10/2009 | See Source »

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