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Word: built (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...than it has been in 25 years, and sales taxes are plummeting. Worse, local governments on average get nearly three-quarters of their tax revenue from real estate assessments. Falling property values and rising foreclosures mean that source of revenue is drying up as well. Many local governments have built up reserves anticipating the downturn in the housing market, but Moody's says that might not be enough. "The sharpness of the housing downturn and speed of the general economic contraction will likely test the sufficiency of those reserve cushions," Moody's analysts wrote...

Author: /time Magazine | Title: Rising Risks in Muni Bonds Worry Investors | 4/13/2009 | See Source »

...devalue the yuan, which helped prevent a further run by speculators on Asian currencies. All the while, Beijing reminded other Asian governments of how the West had failed to come to their rescue. By the end of the crisis, China, previously viewed with suspicion by its Asian neighbors, had built a reputation as a benevolent regional power. During last month's session of China's National People's Congress, President Hu said: "Challenge and opportunity always come together. Under certain conditions, one could be transformed into the other." Right now, those conditions are breaking China...

Author: /time Magazine | Title: How China Is Capitalizing on the Economic Crisis | 4/13/2009 | See Source »

...styles. One result is the Art Museum Kolumba, a museum that houses the collections of religious art of the archbishopric of Cologne, Germany. It's a building that combines multiple levels of history - the ruins of the Gothic church of St. Kolumba, destroyed during World War II, a chapel built in 1950 to enclose a late-Gothic statue of the Virgin that survived the war and an archeological excavation conducted in the 1970s that discovered Roman and Medieval remains. All of it is tied together by Zumthor's resolutely modern museum, which incorporates the Gothic ruins directly into his minimalist...

Author: /time Magazine | Title: Swiss Minimalist Peter Zumthor Wins Architecture Prize | 4/12/2009 | See Source »

...that chapel was constructed says something about Zumthor's particular intensity. It was built by the farmer who commissioned it, working with neighbors. First they erected a vertical formwork of spruce branches and trunks. Concrete was then poured in layers, one per day for 24 days to produce a smooth exterior but a ribbed surface inside. Then the wood formwork was set afire, which scorched and roughened the interior concrete. The result is a building that's also a metaphor for the fierce yearnings of the soul...

Author: /time Magazine | Title: Swiss Minimalist Peter Zumthor Wins Architecture Prize | 4/12/2009 | See Source »

...City's water department, says the government has tried to distribute supplies as fairly as possible but the Cutzamala system is hooked up to many of the unplanned communities on the city outskirts. The city has, however, sent out of fleets of water trucks, and Mayor Marcelo Ebrard - who built urban beaches and a winter ice rink for the poor - is personally handing out free bottled water. Aguirre says the long-term solution involves teaching people to ration their water much better. "We need to educate people from when they are children that water is valuable and needs...

Author: /time Magazine | Title: Dry Taps in Mexico City: A Water Crisis Gets Worse | 4/11/2009 | See Source »

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