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Still, many analysts believe the 2009 stock run-up among homebuilders has gotten ahead of the sector's pending recovery. "The stocks have gone too far, too fast," says Rob Stevenson, managing director at Fox-Pitt Cochran Caronia. Stevenson isn't surprised by the insider selling at Toll Brothers: "We think the group has gotten overvalued and that a pullback is likely." After all, he notes, "they're still not producing a profit...
...that kills off our depraved progeny, “The Year of the Flood” is too colorful and too absurd to carry weight as a warning. The soft cries of distress “We’re using up the earth. It’s almost gone,” can’t stand up to Atwood’s showy vocabulary. Without a strong foundation of action and emotion, the novel comes across as more of a literary burlesque than a dystopian drama. There’s no real meat to Atwood?...
...meshes the two in a vaguely discordant harmony. Islands’ predecessors, The Unicorns, released only one LP in their short lifespan: 2003’s critically-acclaimed work of uniquely sweet synth-pop, “Who Will Cut Our Hair When We’re Gone?” The songs were expansive and luminous masterpieces, eschewing traditional chorus-verse patterns; instead they meshed phrases and instrumentals into confidently organic art. This technique was best exemplified on that album’s most popular track, “Jellybones,” a sparse electronic backbone slowly layered...
Things have not gone so well in foreign policy. In a way, that is an inevitable consequence of the strategy the President has chosen to pursue: diplomacy over bellicosity. Diplomacy moves slowly, if at all. A willingness to talk to our adversaries doesn't guarantee that they will be willing to talk to us. The President betrayed a bit of his frustration about this when he spoke to the U.N.: "Those who used to chastise America for acting alone in the world," he said, "cannot now stand by and wait for America to solve the world's problems alone...
...Until now. In another demonstration of how the recession is shaking up the global financial order, two luxury Hong Kong apartments have just gone on the market for a stunning $38.7 million each. If the developer, Sun Hung Kai, finds buyers at that price, the three-level penthouse dwellings, perched atop the 93-storey Cullinan towers with sweeping views of Hong Kong's harbor, could well qualify as the world's most expensive apartments. More than 4,000 sq. ft. in size, the apartments, which are still under construction, are selling for $9,677 per sq. ft. That's considerably...