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...have certain markets that may have overcorrected. If you go to a Stockton, Calif., or a Las Vegas or somewhere like that, when there is a bank property on the market, the realtors are getting dozens of offers above asking price. We're seeing bidding wars at the lower end of the market. I think what we're seeing in terms of the home prices may be a little bit of a false positive because of some of these trends. But market psychology being what it is, if the trend stays positive long enough, it could contribute to the market...
...overfishing is not solely to blame. The nutrients from fertilizer runoff and sewage suck oxygen from the lower layers of the ocean, creating an environment in which fish struggle but jellyfish thrive. Since 2000, there's been such an increase in numbers of Australian jellyfish in the oxygen-depleted waters of the Gulf of Mexico that shrimpers have been forced to hang up their nets during the swarm season in the summer. In the nutrient-rich waters off the coast of Japan, where jellyfish can grow to the size of refrigerators, a nuclear power plant was forced to lower production...
...even a clean election against Karzai, made clear his intention to boycott the runoff early on. The runoff was unlikely to help stabilize the country or resolve its fundamental conflicts, and canceling it simply denied the Taliban another opportunity to demonstrate its strength by ensuring an even lower turnout. (Read "Karzai Declared President As Afghan Runoff Canceled...
Austrian Political scientist Andreas Maislinger stressed the importance of remembering Austria’s role as a perpetrator in the Holocaust at an intimate discussion in the Adams Lower Common Room yesterday...
...newspaper carried the headline: "FDP Youngster in a Dogfight." But some analysts say his youth and inexperience in federal government will not be a huge issue. " Rösler is very competent, he's a doctor and he's already served as minister in the regional government in Lower Saxony," Oskar Niedermayer, a political science professor at the Free University of Berlin, tells TIME...