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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...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

...floral patterns.The production’s truly carefree live music was provided by the Mellstock Band and Cambridge Symphonic Brass Ensemble. From oboe beats to clarinet trills, the players are adept at creating a joyful, holiday mood with their modern and old-fashioned musical instruments. One of the main debates over tradition and change in the show emerges from the addition of a new musical instrument to the church’s store of objects: some are eager to embrace the “new-fangled harmonium” while others anxiously await its impending presence. The question of having...

Author: By Li S. Zhou, CRIMSON STAFF WRITER | Title: 'Revels' Indulges Christmas Custom | 1/22/2009 | See Source »

...notion of a bailout for Main Street didn't have enough hurdles to overcome, Obama may also need to ask for upwards of $50 billion more for the already approved bank bailout to deal with the continuing credit crunch. Considering that nine Democrats disregarded Obama's personal appeal last week and voted against giving his new Administration the second half of the $700 billion allocated by Congress in September, adding $50 billion more to the stimulus could poison the well for Dems adamantly opposed to further aid for Wall Street...

Author: /time Magazine | Title: Economic Stimulus Plan Hits Bipartisan Obstacles | 1/22/2009 | See Source »

...last four years, the space below Beauty and Main, which was located on the second floor of its Brattle Street location, had been vacant following a bookstore closing. This contributed to less people visiting the store, Richard said...

Author: By Emma R. Carron, CRIMSON STAFF WRITER | Title: Two Square Businesses Shut Down | 1/21/2009 | See Source »

Denise A. Jillson, executive director of the Harvard Square Business Association, said that while it was evident that Beauty and Main was struggling, Origins, located nearby, has similar products but has not faced the same problems...

Author: By Emma R. Carron, CRIMSON STAFF WRITER | Title: Two Square Businesses Shut Down | 1/21/2009 | See Source »

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