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The credit crunch has thus far focused on the residential mortgage mess. But with $1.3 trillion in loans to shopping centers and other commercial properties coming due between now and 2013, another time bomb is ticking. In a report scheduled for release on Wednesday, Deutsche Bank estimates that at least...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

Financial analysts believe government incentives to banks to extend existing commercial real estate loans will be necessary to limit the damage. The Federal Reserve and Treasury Department are considering a number of options. The alternative is last week's bankruptcy of General Growth Properties, the nation's second largest shopping...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

Most mortgages for commercial real estate - office and apartment buildings, hotels, industrial warehouses and shopping malls - are structured as 5-to-10-year loans. After that, the loan is normally refinanced. But the recession has eroded the fundamentals of even good refinancing candidates. Property values have plummeted, with sale prices...

Author: /time Magazine | Title: The Looming Crisis in Commercial Real Estate | 4/22/2009 | See Source »

In response, advertisements, television shows, and even the news are placing more and more emphasis on keeping the viewer entertained with short clips rather than informing them with long ones. The 30-second television commercial is all but extinct; we simply cannot focus for that long anymore. How many of...

Author: By Aixin Wang | Title: Unplug and Disconnect | 4/21/2009 | See Source »

China's rapidly growing Navy today patrols the Gulf of Aden, helping to protect Chinese commercial ships from piracy. It has eight new kilo class submarines - whose silence underwater makes them difficult to detect. Many of them are housed at a huge, new Naval base on the tropical island of...

Author: /time Magazine | Title: The Chinese Navy: How Big a Threat to the U.S.? | 4/21/2009 | See Source »

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