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Historically, real estate lags behind an economic recovery. In the 1991 recession, it took the industry 14 months to rebound after the recession's end, and in the 2001 downturn, it took 29 months for the sector to recover, says Bob Bach, chief economist with Grubb & Ellis Co., a commercial real estate services and investment company. Even if the current recession ended in the second quarter, it could take anywhere from 14 to 29 months for real estate to bounce back, says Bach. Unemployment, which is expected to hit 10.5% in 2010, exacerbates the situation, he says. All of this...
...We’re in a very difficult situation—the economic crisis has brought it into crisp focus,” said Nancy M. Cline, chief librarian of HCL. “We cannot do all that we have done in the patterns of ways we have done it in the past...
...Karadzic's shoes, I would opt for a drastic solution. One such solution is suicide." - Serb Republic President Dragan Cavic in 2004 as authorities were negotiating the surrender of former military chief Ratko Mladic and speculating that Karadzic was hiding in the country. (Time.com, July...
...Stuart Henderson, the former detective chief superintendent who led the original Lockerbie investigation, tells TIME that the new review will likely focus on eight suspects in the bombing who were never interviewed during the original inquiry. Henderson intimated that the men were all Libyans and that police had been prevented from questioning them in their initial investigation by Libya's leader, Colonel Muammar Gaddafi. "We identified other people who we wished to interview at the time, but we never got the chance because of you know who," he says. (See pictures of the rise of Gaddafi...
...Shearer, the chief constable of the Dumfries and Galloway police, issued a statement Monday saying that Libya would continue to be at the center of the investigation. He said investigators were basing their work on the premise established during al-Megrahi's trial that he "acted in furtherance of the Libyan intelligence service and did not act alone...