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...Some economists worry that oversupply in both the residential and commercial real estate markets has already prompted a downturn in pricing, and that the recent government initiatives could lead to a hard landing. In Beijing, vast swaths of commercial space sit vacant - including floors of retail space right next to the iconic Water Cube, the swimming venue for the 2008 Olympics. According to Colliers, commercial rents are now a shade lower than they were last year and residential prices have also begun to weaken. Residential prices, according to China Reality Research data, peaked late last year and are now headed...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...take money from the smugglers to help them move drugs across the border," he says. NATO commanders say they will be on the lookout for bribe taking and will ensure that Kabul makes examples of corrupt officials. But given the prevalence of graft in the capital, it's hard to imagine Marjah will remain clean...

Author: /time Magazine | Title: Afghanistan's Fix | 3/22/2010 | See Source »

...TIME's photo-essay "Hard Times in Brooklyn...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

...efforts of Cao, Norton, Tachibana, and freshman Sophie Chang—all of whom are ranked among the top 15 players in the Northeast—Harvard looks to repeat as Ivy League champions this spring season. The players acknowledge that this goal will not materialize without hard work...

Author: By Aparajita Tripathi, CONTRIBUTING WRITER | Title: Women's Tennis Splits in California | 3/21/2010 | See Source »

...potato vendor in the residential Ushigome neighborhood later that night. Wanting to remain anonymous, the seller does not give his name, but says he works 12 hours a day, seven days a week and barely makes enough to cover the costs of equipment rental and fuel. "It's a hard life," he says, and climbs back into his truck. He inches up the alleyway, passing a pair of glowing vending machines. The prerecorded sweet-potato song streams into a chilly night sky: "Yakiimo, yakiimo, hokka hoka no yakitate" (Sweet potatoes, sweet potatoes, fresh from the oven...

Author: /time Magazine | Title: Postcard from Tokyo: The Street Vendors are Back! | 3/21/2010 | See Source »

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