Word: expectation
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...expect that edge to continue. In 2009 the average apartment rent will drop 2.1%, according to PPR projections based on apartment buildings with five or more units in 54 markets. The nationwide vacancy rate is already at 6.8% - the peak during the last recession - and it is likely to grow by another percentage point this year, according to CBRE/Torto Wheaton Research, a property analytics firm that surveys professionally managed buildings with five or more apartments. (See pictures of the recession...
...Econ Browser (6,597 links). Run by two professors, both with economic backgrounds. What readers would expect from academics looking at the markets. Indepth and often complex analysis of a broad range of topics from infrastructure to policy making to consumer spendings. More than any other site on this list, Econ Browser is not for sisses...
Tucked into a former laundry room in a softly lit corner of Singapore's Regent Hotel, Iggy's doesn't exude the flash one would expect of the "Best Restaurant in Asia." But that is precisely the accolade bestowed upon it by the Miele Guide - a recently launched work of reference that aspires to be to Asia what the Michelin is to Europe. (See 10 things to do in Singapore...
...November, the government announced a $586 billion stimulus package, much of which is new infrastructure spending. Taxes on some real estate transactions were also suspended late last year to boost the sagging property sector, which accounts for some 10% of national employment. More steps are likely to come. Analysts expect the government to introduce measures to support the steel and auto industries...
...power to achieve. Truman now ranks among our top Presidents, but the peaceful end of the Cold War sure helped. Jimmy Carter has climbed from 34% to 64% approval since leaving office, but more out of respect for his humanitarian work than reconsideration of his presidency. "I don't expect many short-term historians to write nice things about me anyway," President Bush told me four years ago, fresh off a winning campaign. "There ought to be a rule where no one writes history about your short term until a generation of those who never voted for you or against...