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People tend to think gentrification goes like this: rich, educated white people move into a low-income minority neighborhood and drive out its original residents, who can no longer afford to live there. As it turns out, that's not typically true...
Then there is that most fundamental of questions: does gentrification lead to greater wealth for people in a neighborhood, or are the people who choose to live in such a place otherwise predisposed to make more money? "This study shows us a lot more about gentrification," says Walsh, "but there's still a lot we don't know...
...pretty well known by now that the Internet, for all its world-flattening glory, is a destroyer of businesses without parallel. How many companies roared along for decades, minting money, only to see the Internet eat their business plans? We live in a media age and the media industry is Exhibit A in the murder trial. Newspapers, magazines, music, television, movies - all of the traditional models are dead or dying as bloodied moguls everywhere scramble to survive. But the Net has brutalized old-line business across most industries - retail, telecom, financial services - and the technology industry itself, is, ironically...
Olmert and his cabinet overrode advice from the chiefs of Mossad and the Shin Bet, Israel's foreign and domestic intelligence agencies, not to release live - and potentially dangerous - prisoners. But Israel has always placed a premium on securing the remains of its soldiers fallen in foreign battles. And calls for a prisoner swap have turned into a charged and emotive public issue in Israel - with general elections just around the corner, few cabinet ministers were willing to go against the popular tide. As Transport Minister Shaul Mofaz, who is in favor of a prisoner swap, said today: "We have...
...York Times reported earlier this week, the days leading up this public display of unity have been filled with a lot of private hardball, with Washington, D.C., dealmaker Robert Barnett negotiating between the Obama and Clinton camps to rearrange the spoils in a way everyone can live with. Clinton staffers need jobs, Clinton vendors need to be paid, Clinton egos need to be stroked...