Word: lating
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...asset, the cabbie owns three apartments in the city and has his eyes on something bigger: a lovely five-bedroom, riverfront suburban house, owned but never occupied by a coal magnate from Shanxi province. "How much does he want for it?" he asked a local real estate agent in late February. When told the answer was $735,000, Yang didn't blink. "I'd like to make an offer." (Read "Bubble Trouble: Why Real Estate Is China's Biggest Headache...
...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 down...
...recent crunch came when Westerwelle launched a blistering attack on Germany's cherished welfare state, criticizing handouts for the long-term unemployed. Raising welfare benefits smacks of socialism, Westerwelle wrote in the daily Welt newspaper on Feb. 11. "Whoever promises the people effortless prosperity encourages late Roman decadence." The FDP leader went on to argue that those who work should always get more than the unemployed and that young jobless Germans should take up community work like shoveling snow. (Read: "Guido Westerwelle: Angela Merkel's Unlikely Partner...
...prove the show must go on, Merkel hosted another meeting of her coalition partners in Berlin late last month. Westerwelle called the talks "constructive," but just 24 hours later, repeated his controversial rant against the welfare state and said that he'd provoked a "necessary debate." In an interview with the Frankfurter Allgemeine Zeitung Merkel accused Westerwelle of repeating the obvious. Of course those who work should get more than those who don't work, the Chancellor said. The message: I'm in charge. (Read: "Angela Merkel's Moment...
...funny thing has been happening with big TV events of late: they have been dramatically and conspicuously not dying. The 2010 Super Bowl was the most watched U.S. TV show ever, surpassing the finale of M*A*S*H. This year's Olympics far outrated the 2006 Games. The Emmys, Grammys and Golden Globes all increased, and on March 7, about 41 million people watched the Oscars, 5 million more than last year. (See the top 10 memorable moments of the 2010 Academy Awards...