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...Shanghai apartment. Their tale is all too real. As economist Xie points out, residential prices in China relative to per capita income are far and away the highest in the world. The housing price-to-income ratio in urban China is over 20, which means it takes the average citizen's total wages for 20 years to buy an average dwelling. (By comparison, the highest housing affordability ratio for a U.S. city - Honolulu...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

Just how divisive it can be was on vivid display last week. There was an uproar over Bing's emerging plan to relocate residents - the weekly Michigan Citizen likened it to a "modern day 'Trail of Tears' for Detroiters" - and an equally unfavorable response to Bobb's $81,000 raise in the second year of his contract, most of which is paid for by foundation money. The school board is so incensed that it has filed a lawsuit...

Author: /time Magazine | Title: Postcard: How Philanthropy is Remaking Detroit | 3/17/2010 | See Source »

...three murders that occurred at two locations in the violent Mexican border city of Juárez on the afternoon of March 13 were themselves horrifying enough. Jorge Alberto Salcido, 37, a Mexican citizen whose wife works for the U.S. consulate, was killed at the wheel of his Honda; his two young children were wounded in the gun attack and were rushed to a hospital. Minutes later, say police, gunmen in another part of the city chased down the Toyota SUV driven by Lesley Enriquez, 25, who also worked for the consulate, and her husband Arthur Redelf, 30, both...

Author: /time Magazine | Title: The Juárez Killings: Are the Narcos Fighting Scared? | 3/16/2010 | See Source »

...civic leaders like Vargas, who is a dual U.S.-Mexican citizen, say the Obama Administration and the government of Mexican President Felipe Calderón need to pay closer attention to what many believe is the real reason the narcos are turning even more vicious. And it has less to do with Calderón's military crusade than with a murderous blunder the drug cartels made shortly after midnight on Jan. 31 that may well have changed the course of the drug...

Author: /time Magazine | Title: The Juárez Killings: Are the Narcos Fighting Scared? | 3/16/2010 | See Source »

...late April, if all goes according to plan, a resident of Kabul will fold up a paper ballot and push in into an empty box. It will mark the first time an Afghan citizen will have voted - for a candidate in the United Kingdom...

Author: /time Magazine | Title: Giving Afghans (and More) a Vote in Britain's Election | 3/14/2010 | See Source »

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