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Consider recent apartment buyer Hong Chang-Ying, who owns and runs a small electronics store in central Shanghai. She bought her apartment in Shanghai three years ago for the equivalent of about $80,000, and was "sure she could sell it by now at a profit, and buy a bigger place." Ask her if that plan still holds, and she just laughs. "I have no idea now what my place is worth now - and I don't intend to find out, because I'm not going to sell into this market." China may not confront the disastrous effect that huge...
...very rich are different from you and me. For one thing, their carbon footprints are bigger. Between their private jets, fleets of cars and large (often multiple) houses, the wealthy tend to suck up more than their fair share of the earth's resources. And that's not even counting the environmental impact of the businesses that built their bank accounts...
...although the President defends his broad agenda, he understands how much is riding on the gradual rollout of version 2.0 of his bank plan - not necessarily bigger than the $787 billion package that left the markets cold, but sharper and more plausible. The trouble with the initial draft unveiled unartfully last month by Treasury Secretary Tim Geithner, says Moody's Economy.com chief economist Mark Zandi, was that it was "too clever by half," creating elaborate incentives for private investors when the simple solution would be to have Uncle Sam immediately wade in, grab control, wring out the bad debt...
...desirable or that better schools are important to the future of the economy. It was the real-world knowledge that financial calamity has not magically transformed our slow-moving, reform-resistant, cantankerous government into a peaceful, streamlined, problem-tackling machine. Every one of Obama's reforms will mean bigger political fights, consume more intellectual bandwidth and require more bravery from politicians than Washington has witnessed anytime in the past 15 years...
...music specifically for video games.” Other, more traditional music programs generally only offer one semester classes that serve as basic surveys of video game scoring. Berklee’s curriculum, however, continues to grow with the enthusiastic support of its students, the college, and the public. BIGGER THAN A BLIPComposers with training in film scoring who looked to commercial media for career options are now turning to the video game industry. However, the transition between the two is not quite so simple.“When you’re doing a film, you?...