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...Another critical factor underpinning the residential real estate market is formed by the psychology of the Chinese home buyer in combination with regulatory restraints on what they can do with their savings. Just 34 years out of the chaos of the Cultural Revolution, and less than 15 years down the road from a nasty bout of inflation - consumer prices rose a staggering 21% in 1994 - the Chinese regard real estate as vital security (what Tsinghua's Chovanec calls the "bar of gold" syndrome). Yang says he hasn't even tried to rent out two of his three apartments because...

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

...global South into the industrialized states is due to the failure of the IMF and the G-8's policies. The current global trading system is under exclusive control of the rich states, which doubtlessly want to keep it that way. Without the prospect of escaping poverty in their home countries any time soon, more and more people will decide to migrate north. The solution to the problem is not more rigid border policing, but a change of policy in the U.S. and Europe toward an equal global trading system that benefits all instead of the few. Christian von Campe...

Author: /time Magazine | Title: European Immigration | 3/22/2010 | See Source »

...only way to stop this illegal mass invasion is to return them to their home countries as soon as possible unless they are from a war region and qualify as refugees. The immigrants have to learn that they are wasting their money and risking their lives. This strict rule of returning illegal immigrants is the accepted procedure in the U.S., Canada and Australia. Günter Korek, BARSBÜTTEL, GERMANY...

Author: /time Magazine | Title: European Immigration | 3/22/2010 | See Source »

...allies, Environment Minister Norbert Röttgen, opened up a can of worms when he called for an end to the use of nuclear power by 2030. Merkel's spokesman said any talk of an exit strategy was "premature." But conservative governors from the south of the country, home to some of the nuclear power stations, were seething. Westerwelle chimed in with the opinion that abandoning nuclear energy would be a "serious mistake...

Author: /time Magazine | Title: Germany: Tensions at the Top | 3/22/2010 | See Source »

...ever whirring machine. After Google helped me track down an article that claims people near a small city in Kenya see the giraffe as a divine omen of good luck (close enough), which I used as a source for my piece, I am ready to tackle my next assignment: home remedies to remove cat urine from parquet floors. Florid prose it may not be, but according to Demand, it's what you want to read...

Author: /time Magazine | Title: Building the Web's Biggest, Smartest, Scariest Article Machine | 3/22/2010 | See Source »

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