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...turnaround. Indeed, as Aria is opening, the venerable Binion's Gambling Hall downtown has shut down, and the Sahara just announced plans to temporarily close rooms in two of its three towers. One of the early selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers...

Author: /time Magazine | Title: How Las Vegas' Opulent CityCenter Survived Dubai | 12/19/2009 | See Source »

...rise in sea level would be truly catastrophic if it happened by the end of this century. But there is no suggestion in the study that the rise is imminent. "We can only give a thousand-year average," says Kopp, meaning that it might well take a millennium for sea level to go up that much. The rise would be inevitable, though: even if we cut back emissions today, concentrations of greenhouse gases will continue to increase, albeit more slowly. As a result, if temperatures go up by as much...

Author: /time Magazine | Title: How High Will the Seas Go in a Warmer World? | 12/18/2009 | See Source »

...schedule is a killer. I saw her kind of roll her eyes only once,” Dominguez recalls of the time an aide presented her with another meeting request. “It was the equivalent of ‘Give me a break. I agreed to do the schedule, I’m going to do it, but don’t then ask me to do something else. I’m going to collapse the next day—I’m going to be useless...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Around the World with Faust | 12/18/2009 | See Source »

...mixing with young people who are that the peak of their intellectual activity, and so I will [gain] a lot of intellectual energy from them, as well as giving them anything I can give them,” Pertile said. “It’s a marvelous prospect...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: Dante Scholar To Lead Harvard Center in Italy | 12/18/2009 | See Source »

...violence has spurred proposals for reform. Legal experts say the current rules, which were passed in 2001, give authorities too much power to push through demolitions even before compensation disputes are settled. And the involvement of government officials in property development creates potential conflicts of interests, with the officials who make the decision to confiscate property sometimes benefiting from future developments on the site. The current law "completely overlooks the protection of private property in the process of housing demolition and it's strongly biased towards the local government by facilitating their management, while neglecting individual property rights," says Wang...

Author: /time Magazine | Title: China's Property Wars: Fighting Fire with Real Fire | 12/18/2009 | See Source »

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