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...Demand for more moderately priced homes is weak as well. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University in Atlanta, estimates that each year between 2002 and 2006, some 68,000 permits for new homes were issued here, even as only 30,000 jobs were being added annually. "Now," Dhawan says, "it's catching up." The shrinking corps of real estate agents here are taking desperate measures, like offering two-bedroom condos for the price of a one-bedroom unit...

Author: /time Magazine | Title: Southeastern States Are Hit Hard By Recession | 4/18/2009 | See Source »

...sign that competitors are willing to bid against one another to get the best results. A bidding system makes the buyer take a risk that by paying top dollar he can get a reasonable return. When millions of customers are willing to participate in that system to create demand for their products, the economy may be crippled but it is not by any means dead...

Author: /time Magazine | Title: Google: The Economy in a Tea Cup | 4/17/2009 | See Source »

...program into either every single house or, at the very least, every neighborhood of houses,” stated McKinnon. Alex Gation, an employee at the Quad Bike Shop in Cambridge, said he thought the time was right for a bike sharing program to succeed. “The demand for alternative means of transportation on campus has increased tremendously lately,” he said. “Our store has been so busy with bicycle and tune-up requests that we are struggling just to keep up with the rapidly growing demand for bicycles...

Author: By Marc G. Steinberg, CRIMSON STAFF WRITER | Title: Bikes Push Green Transit | 4/17/2009 | See Source »

...about $18) for the entire case. The fee is shockingly small even by the standards of India's poorly paid junior lawyers, but the prosecutor in the case, Ujwal Nikam, objected vehemently to Kazmi's request. He argued that making an exception would encourage other court-appointed lawyers to demand special fees in future cases. Qasab's lawyer was supposed to be chosen from the state of Maharashtra's 17-member legal aid panel, but so far two lawyers from the panel have stepped down, and no others have volunteered. "The legal aid panel will be redundant," Nikam argued. Tahiliani...

Author: /time Magazine | Title: Mumbai Terrorist Trial Begins in India | 4/16/2009 | See Source »

...these countries, sailing is seen as a tough but lucrative profession that fetches handsome dollar incomes relative to the amount of education required. Even amid the present economic gloom, officers' salaries have not plunged due to a shortage of qualified people. Indians and Filipinos are most in demand on international vessels because they speak English. But many Indian seafarers are now refusing to do the Gulf of Aden run. "Sailors are very apprehensive, very jerky," says Sunil Nair, spokesman for the Mumbai-based National Union of Seafarers of India (NUSI), which has some 80,000 members. He says that since...

Author: /time Magazine | Title: Pirate Hostages: A Few Rescued, but Many Still Languish | 4/16/2009 | See Source »

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