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...part of redevelopment projects. The compensation payments, supplemented by some savings, are usually enough to buy decent apartments out of town. Economist Xie calls these resettlement payments "probably the most important government action supporting today's economy." And the fact is, Chinese municipalities are not even close to the end of such resettlement schemes. (See pictures of Beijing's changing skyline...
Another row erupted over the future of nuclear power, long a controversial issue in Germany. One of Merkel's CDU allies, Environment Minister Norbert Röttgen, opened up a can of worms when he called for an end to the use of nuclear power by 2030. Merkel's spokesman said any talk of an exit strategy was "premature." But conservative governors from the south of the country, home to some of the nuclear power stations, were seething. Westerwelle chimed in with the opinion that abandoning nuclear energy would be a "serious mistake...
...Unemployment is creeping up and public finances are deteriorating. Germany's budget deficit reached 3.3% of GDP in 2009 and is forecast to rise to more than 5% of GDP this year - far more than the 3% limit set by European Union rules. Add in worries that Berlin could end up bailing Greece out of its own financial predicament (so far Merkel's response to calls for help has been a firm nein, though she has proposed a new European Monetary Fund that could help in the future) and you can understand why Germans are disgruntled...
...York, a city of Islands and rivers, has almost no accessible waterfront. Highways line Manhattan's riverbanks. Frontage real estate in Brooklyn and Queens - which comprise the bulbous western end of Long Island - is largely postindustrial wasteland. Most New Yorkers rarely venture to Staten Island, and much of the daily commuter traffic across the Hudson and East rivers occurs underground in subways and tunnels...
Cheap and crumbling spaces, however, often attract a city's most creative people. A vibrant artist community has settled into the decrepit industrial landscape around the canal, and some of its members are breathing a sigh of relief in the wake of the EPA decision. High-end-condo development "presents a danger of a different sort," says Tamara Pittman, who works at the Proteus Gowanus art gallery. Pittman says she knows the canal needs to be cleaned up but still can't help admiring its "beautiful neglect." The artists who have been attracted to the area's preserved detritus...