Word: factly
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...Keep Your Fingers Crossed When bubbles finally do burst, recent history has shown, they tend to do so with a bang. Is China, in fact, now at the end of its real estate boom? Many are not convinced. They point to a couple of factors that make China's situation different from that of the U.S. The first is that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three...
...formerly state-owned housing units in urban areas as 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...
...offer seemingly solid reasons as to why the bubble won't burst. In Tokyo in the early 1990s, it was said that property prices wouldn't crash because in mountainous Japan there was so little usable land relative to size of the population. That was, and remains, a topographical fact. It was also, eventually, irrelevant...
...tendency to sound like an apologia for the Chinese government. For instance, the Naisbitts blame "the Western press" for stoking fear about the 2003 SARS epidemic and contend that "Chinese media broke the news of official suppression of information about the SARS outbreak" in Beijing in 2003. In fact, the cover-up was revealed by Jiang Yanyong, a courageous Communist Party doctor whose statement on the subject was first published in TIME. The Naisbitts' claim that Hong Kong people "never really demanded" democracy is also nonsense, given the massive demonstrations that took place in 1989 and 2003, and opinion polls...
...freelancers comes in. One person earns a few cents for taking the algorithm's output and turning it into a headline. Another person writes the article, typically earning $3 to $15, depending on the specified length, and passes it on to a copy editor, who banks $3.50 for fact-checking and fiddling with grammar. All told, it may take less than a day, at a cost of less than $10, for a short article to move through the system and get posted on one of Demand's sites, where it immediately starts earning ad revenue...