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...claim dates to the Qing dynasty, when tightly packed leaves were fermented over the course of the three-month journey, by horse, from Kunming to Guangzhou. The blackened leaves became popular in Hong Kong and industrious southerners began to experiment with fermentation. At the 1957 Canton Fair, Zheng says, local tea masters shared their recipes with colleagues from Yunnan. Ever since, the provinces competed to produce the best teas. Earlier this month, at a trade fair in Hong Kong, a table of Guangdong tea vendors called the regulations "unfair" and "ridiculous...

Author: /time Magazine | Title: Puer Tea: China's Next Hot Commodity? | 8/25/2009 | See Source »

...project is fundamentally flawed," said Harry Mattison, an Allston resident and member of the Harvard Allston Task Force, an advisory panel of local residents appointed by the Mayor. "It doesn't matter how much talent you have trying to design the project if you don't have enough land...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Residents Clash Over Revised Charlesview Relocation | 8/25/2009 | See Source »

...that reason, Williams believes those lenders need to step up and do more to help struggling local homeowners revise their loans and hang on to their houses - and he wants to give his frustrations some legal teeth. Williams has proposed a city ordinance that could penalize banks that fail to offer modifications before starting foreclosure proceedings. Local governments have no formal legal oversight over banks, but under Williams' ordinance, if a lender's number of foreclosure actions in Miami Gardens over a designated period exceeds the number of loan modifications it offers to financially burdened or delinquent homeowners, the city...

Author: /time Magazine | Title: How One City May Punish Banks for Foreclosures | 8/25/2009 | See Source »

...analysis rather than partisanship and ideology. He was a nice Jewish boy from small-town South Carolina who had pursued a career of scholarship; before George W. Bush appointed him to the Federal Reserve Board in 2002, his only brush with politics had been a stint on his local school board. Before the markets went haywire, he was building a reputation at the Fed as a collegial and unassuming technocrat who had none of the cult of personality that had swirled around Alan Greenspan - and he actually tried to make himself understood...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...back in Grammatikos, few are convinced. On Sunday afternoon, Christos Chrysinas, a local farmer, angrily confronted the police and firefighters who were keeping watch near where the fire began. About 200 of his olive trees were destroyed, and he nearly lost his house. But what angered him the most was the damage to the once beautiful forests and hills. (See pictures of Greece in flames...

Author: /time Magazine | Title: As the Greek Fires Subside, Outrage Grows | 8/24/2009 | See Source »

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