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...During his opening address to the NPC, Premier Wen said that 2010 was going to be a year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain...
Crimson freshman Kyle Larrow picked the wrong day to hit his first collegiate home run and pick up his first three RBI. Had he held off his offensive outburst until Sunday, the Crimson might have been able to head home with a victory...
...these films trailed Alice in Wonderland, whose $34.5 million made it the box-office champ for a third straight week. The fanciful collaboration of Tim Burton and Johnny Depp has earned $265 million in North America and an additional $300 million abroad to become the biggest worldwide hit since Avatar, which is still in the top 10 after 14 weeks. (See James Cameron's special effects...
Meanwhile, the negative economic ripple effect of cuts to the Los Angeles civil courts could result in a nearly $30 billion hit to the local economy over the next four years, according to a study commissioned by the Los Angeles Superior Court. According to the study, the legal services industry would take an estimated $13 billion loss and businesses operating in uncertainty, because of pending civil disputes, would accumulate another $15 billion in potential losses. The decline in economic activity would then result in an additional $1.6 billion in losses...
...budget, have thus joined the slash-and-cut regimen that has befallen school districts, cities, and social services across California as the state deals with a $21 billion shortfall this year. (That comes on the heels of last year's $40 billion deficit.) (See how California's crisis has hit its prized universities...