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...property agents say prices are being driven higher by buyers from the Chinese mainland. Wealthy Chinese have ample cash and easy access to low-interest loans because of the government's loose monetary and fiscal policies, which were implemented last year to fight the recession. Buyers are looking to invest close to home, and despite China's restrictions on moving capital beyond its borders, that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open economy.) About half of the buyers for luxury apartments...

Author: /time Magazine | Title: Hong Kong: The World's Most Expensive Real Estate? | 9/24/2009 | See Source »

...words, and lean forward to catch his every fading syllable. “Simon’s poetry behaves characteristically in a very recognizable geography of everyday life,” English Professor W. James Simpson said in introduction. “But they also have the capacity to invest that ordinary experience with mystery, surprise and revelation.” Armitage read original poems and translations published throughout the span of his career. “You’re beautiful because you’re classically trained. / I’m ugly because I associate piano wire with...

Author: By Manning Ding, CRIMSON STAFF WRITER | Title: Acclaimed Poet Reads Work | 9/23/2009 | See Source »

...speed and in such quantity. Instead of faulting the “Espresso Book Machine” for the questions it does not answer, skeptics should realize the magnitude of the services this machine does provide, and we admire the Harvard Book Store for being among the first to invest in such an innovative piece of technology...

Author: By The Crimson Staff | Title: Tall, Skim, Decaf... Fiction? | 9/23/2009 | See Source »

...estimated $400 million that was spent on sponsoring last year's Beijing Olympics and related advertising. As sales rebounded in India, bottlers added new technology, including superinsulated retail refrigerators that stay cool for 12 hours without power, since the grid is unreliable in rural areas. In India, Coke will invest $250 million by 2011 to expand its infrastructure...

Author: /time Magazine | Title: Coke's Recession Boomlet | 9/21/2009 | See Source »

...near future, Coke's China investments will be massive. The company, which has spent $1.6 billion in China since 1979, plans to invest $2 billion in growth over the next three years. (Last year, Pepsi announced a $1 billion investment in China over the next four years.) Coke opened a $90 million research center this year in Shanghai, where it has developed new products like the grape, lemon and mixed-fruit flavors added to the Chinese version of Minute Maid, a pulpy fruit drink known as Guo Li Chen...

Author: /time Magazine | Title: Coke's Recession Boomlet | 9/21/2009 | See Source »

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