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...manufacturers are increasingly shifting production from Shenzhen to cheaper locales, often the poor provinces of western China or, on occasion, other Asian countries like Indonesia and Vietnam. When companies moved into Shenzhen, "they never thought they'd have to leave a few years later," says Ruby Zhu, senior China economist for the Hong Kong General Chamber of Commerce...

Author: /time Magazine | Title: The Birth and Rebirth of Shenzhen | 8/14/2006 | See Source »

...after he discovered that the intelligence agency had been reading his mail.The Harvard connections continue. Ned’s grandfather, Thomas S. Lamont ’21, was a member of the Harvard Corporation. Ned’s father, Edward M. Lamont, Sr. ’48, is an economist who helped administer the Marshall Plan and worked in Richard Nixon’s Department of Housing and Urban Development.Lamont told The Crimson that he remembers dinner table discussions between members of his family. “They’d have a good old fashioned discussion...

Author: By Katherine M. Gray, CRIMSON STAFF WRITER | Title: Lamont Edges Lieberman in CT | 8/11/2006 | See Source »

Ned’s father, Edward M. Lamont, Sr. ’48, is an economist who helped administer the Marshall Plan and worked in Richard Nixon’s Department of Housing and Urban Development...

Author: By Katherine M. Gray, CRIMSON STAFF WRITER | Title: Fourth Generation Harvard Grad Lamont Takes On Lieberman | 8/8/2006 | See Source »

...offers. It happened in Boston in 1991, when condo prices tanked and two-thirds of the inventory was withdrawn for sale, says Chris Mayer, a Columbia Business School professor. Sellers then had to wait up to six years for prices to hit their previous peak. Robert Shiller, a Yale economist who has long warned of a bubble, thinks price stagnation (or worse) is here to stay but that Americans don't want to believe it. "People still expect double-digit gains," he says, citing surveys of homeowners...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

Whether the eight-year boom was really a bubble remains a matter of debate among economists. No less a sage than Alan Greenspan started warning of "froth" in the market in May 2005--and the Fed has raised interest rates 17 times, at least partly to dampen speculative housing activity. Yet the party outlasted several years' worth of doomsday predictions. And for every bubble guy, there's one who thinks prices overall are about right, given mortgage rates that are still low by historic standards and other measures of affordability. "My view is that the run-up of home prices...

Author: /time Magazine | Title: The Boom Is—Is Not!—Over: The Great Real Estate Debate | 8/6/2006 | See Source »

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