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Bach expects the jobless rate to top the 10% mark, office rents to plunge another 5% to 10% and vacancies in commercial real estate to exceed 20% by the middle of 2010 - surpassing the 18% vacancy peak hit during the early 1990s crisis. The doom-and-gloom scenario will likely lead to higher default rates on commercial property loans held by banks and those pooled into mortgage-backed securities...
...unlikely that No Lie MRI will give up anytime soon - the company claims that the potential market for its technology could exceed $3.6 billion. While that figure seems exaggerated given legal safeguards against using polygraphs, Greely estimates that if fMRI lie detection became admissible in court, the industry could easily be worth more than a billion dollars per year. (See pictures from a wildlife forensics...
...UCLA, the campus is projecting 165 fewer courses for the fall quarter, a 10% drop compared with fall 2008, Chancellor Gene Block said. There will be larger classes, which are expected to exceed an average of 60 students each. "We've already seen a 20% increase in the average class size over the last three years, due to increases in student enrollment not covered by state support," Block explained. At UC San Diego, Chancellor Marye Anne Fox said, "our student-faculty ratio is so high that students may not be able to graduate on time." (Read about the struggle...
...Where does Sarah Palin go next? To the bank. She has already announced plans to write a book; her advance is reportedly in the millions. A celebrity of her wattage commands huge money on the lecture circuit, and at as much as $100,000 per speech, she can exceed her official salary in a couple of days. Attractive and garrulous, Palin seems born to host a cable-TV show...
...about a 30% cut from the business-as-usual forecast of 42 billion metric tons. That would translate to a global individual emissions cap of 10.8 metric tons of CO2, which 1.13 billion people - less than 15% of the global population in 2030 - would exceed. Emissions-reduction efforts would focus on the well-off people above the cap, whatever country they live in. That lets the global poor continue to use cheap fossil fuels to help lift themselves out of poverty - countering the argument that cutting carbon emissions will disproportionately hurt the poor. "The result is you decouple poverty reduction...