Word: localized
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Just keep in mind that real estate is still, to a great extent, a local phenomenon, and renters in some markets will benefit more than others depending on regional economics. Take, for example, Manhattan, the main borough of New York City, whose fate is largely aligned with finance firms. Following mass layoffs, the local apartment brokerage CitiHabitats has already seen a fall-off, with the average rent for a one-bedroom apartment dropping 2.5% in the last three months of 2008, compared with a year before. PPR's one-year forecast show rents dropping in 39 of its 54 markets...
...Additionally, Congress plans to pay out $200 million to provide financial incentives for teachers and principals to do their jobs better. Another $100 million will be used to establish a set of grants to provide $100 to local governments and nonprofit organizations to remove lead-based paint hazards in low-income housing...
...conservancy plans to pursue all legal remedies, but so far has not joined this month's appeal to the U.S. Supreme Court by the border coalition group to strike down Homeland Security's waiver of 32 federal, state, local and tribal environmental rules in order to construct the fence - a power granted by Congress when the agency was established in the aftermath of 9/11. The department does not comment on the 300-plus lawsuits making their way through the courts. In visits to the region, Homeland Security Chairman Michael Chertoff has said the numerous lawsuits have slowed progress...
...Geithners could reasonably claim that at least 500 sq. ft. (45 sq m) of their 2,500-sq.-ft. (230 sq m) home was devoted to Carole's business. That would allow the couple to write off 20% of the upkeep and utilities expenses as well as local property taxes. (See TIME's bailout report card...
...touch any animals that look as though they may be sick, including monkeys, which also carry the disease. "There is no need to be scared, but we are asking people to keep their dogs in cages and take responsibility for their animals," says Ida Bagus Alit, the local Agriculture Ministry official in charge of animal husbandry. Though World Health Organization officials say they are monitoring the situation, it's Indonesian health officials who are preparing vaccinations for doctors, veterinarians and anyone else handling sick animals. The outbreak has prompted the U.S. Embassy in Indonesia to issue a warning...