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...Written By (Wai Ka-fai, Hong Kong...
Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...
Gardens are often washed away by floods, but Villa Gregoriana, which reopened last month in Tivoli, Italy, was actually created by one. Rescued from abandonment by the Italian Environment Foundation (FAI), the vertical garden (there's actually no villa) offers one of the most romantic walks in Europe. It winds through luxuriant wooded paths, natural grottoes and ancient ruins, and leads to a spectacular 120-m waterfall. The landscape, featuring 2nd century B.C. architecture, inspired such 17th and 18th century artists as Nicolas Poussin and Jean-Honor? Fragonard, and became a must-see stop on the Grand Tour. Later, Villa...
...After FAI's restoration, all is as it was back in the 19th century, and birdsong and the rush of water on the rocks fill the atmosphere. Architect Gae Aulenti's visitors' center offers audio guides, and next summer guests will be able to take illuminated evening walks. The restoration, which includes the replanting of tree and shrub species from Rivarola's original garden, will continue for at least another year. Villa Gregoriana is once again worthy of the most splendid of Grand Tours. tel: (39-06) 3996 7701; www.pierreci.it
Gardens are often washed away by floods, but Villa Gregoriana, which reopened last month in Tivoli, Italy, was actually created by one. Rescued from abandonment by the Italian Environment Foundation (fai), the vertical garden (there's actually no villa) offers one of the most romantic walks in Europe. It winds through luxuriant wooded paths, natural grottoes and ancient ruins, and leads to a spectacular 120-m waterfall. The landscape, featuring 2nd century B.C. architecture, inspired such 17th and 18th century artists as Nicolas Poussin and Jean-Honoré Fragonard, and became a must-see stop on the Grand Tour. Later...