Word: lands
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Dates: during 2000-2009
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...farmers' daily round is tied to the land, but their dreams are not. They can never buy their 10-acre plots, only lease them from indigenous Fijians, and the uncertainties of tenure and income mean even those who spend all their lives in Fiji seldom feel entirely at home. Almost everyone pictured in Stopover has relatives overseas or hopes to emigrate. "No country needs a sugar-cane cutter," Connew says, but other countries might want the cane cutter's accountant daughter or engineer son. Even in the holidays, Dharmen expects his sons to toil at maths and English; once they...
DINOSAUR EMPIRE In the Mesozoic era, about 250 million years ago, dinosaurs started to be the dominant land animals. Scientists say they might exist today if not for the meteorite that wiped them...
Worldwide, Pinot Noir's uniqueness is that it seems to carry in the most pronounced way the taste of the land from which it hails. (The French refer to this as the goût de terroir.) "Pinot from here does seem to reflect the mystery of this place," says Neill, whose merchant great-grandfather arrived during Otago's gold rush and grew wealthy from selling supplies, including alcohol, to miners. "So your family have been peddling hooch around here for 150 years," jokes Peren, who hails from such quintessentially Kiwi stock--as New Zealanders would call it--that his grandfather...
THAT A REAL ESTATE BUST MIGHT LAND US IN a recession is in a way fitting because it was a real estate boom that kept the last recession, in 2001, so brief and shallow. Trying to stave off deflation in the wake of the stock-market crash, Alan Greenspan's Federal Reserve cut the short-term interest rates that determine what homeowners pay on adjustable-rate mortgages. Meanwhile, investors desperate for someplace other than the stock market to put their money piled into mortgage securities, driving down the cost of fixed-rate loans. Housing markets, already doing well amid...
...prices go up a lot," he says. "But home prices in 1990 were at about the same level as in 1890." Shiller allows that the scarcity of property near the coasts might mean prices there will remain high, but then notes, "We can't make any more of the land, but we can build huge high-rises on the beach...