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...excess capital. Local mall developers are often first-generation capitalists looking to reinvest riches reaped from the booming residential sector, Parker says, and many lack expertise in running successful commercial projects. Local governments push through new mall projects because they hope to enhance infrastructure and increase commerce. Meanwhile bankers, eager to expand their loan portfolios, become too-willing accomplices to overbuilding. Parker calls it a recipe for "the perfect storm." Banks in a mature market "provide the sanity check to a developer, but in China, there are no checks and balances," he says. "Just because you can build doesn...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...This rapid rise testifies to the buoyancy of China's equity markets. The relentless increase in stock prices in both Shanghai and Shenzhen-the former market has trebled in value in just the past 18 months-has triggered a stampede of Chinese companies eager to offer shares to a ravenous public. But is the IPO boom a historic milestone marking the permanent shift of China's financial center of gravity from Hong Kong to the mainland? Or is it a temporary aberration that, for investors, will come to a tragic and costly...

Author: /time Magazine | Title: Echo Boom | 7/12/2007 | See Source »

...fair starts out rampant and eager and ends with balloons sagging and stomachs queasy--which is not a bad summary of life itself. This is why the fair survives, drawing an estimated 150 million visitors in counties and states across the country each summer, in spite of theme parks and arcades of infinitely greater sophistication, in spite of Orlando, in spite of Las Vegas...

Author: /time Magazine | Title: A New Day at The Fair | 7/12/2007 | See Source »

...Despite Lalas' outward confidence, he is frantically trying to add new and better players and says that when the Beckham deal was announced his phone wouldn't stop ringing from eager agents. Despite having the league's best player in Landon Donovan, the Galaxy is 3-5-4 and in second to last place in its division, so the Galaxy hopes Beckham's arrival will give the team a much-needed boost on the field. The level of play will probably be better with the addition of Beckham, which is important for the league. Although there is a notion that...

Author: /time Magazine | Title: The Beckham Circus Comes to Town | 7/8/2007 | See Source »

...eager to get permanent deans in place," Faust said, explaining that the presence of so many interim leaders "will make it still a transitional moment and some of those deans will be cautious about making decisions...

Author: By Claire M. Guehenno and Laurence H. M. holland, CRIMSON STAFF WRITERSS | Title: On First School Day, Faust Throws a Bash in the Yard | 7/6/2007 | See Source »

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