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...good to hear about attitudes that Latinos, especially women, share. We need to be able to identify and market these attributes, as well as realize how they hinder us,” said Gloria J. Medina, a junior at Wellesley College...
...That is not just an idle threat. Switzerland's unique brand of grass-roots democracy permits its citizens to challenge a legislative decision through a referendum if 50,000 signatures are collected within three months. Given that an April opinion poll by M.I.S. Trend, a market-research institute, found that 75% of Swiss voters are in favor of the existing liberal legislation, the assisted-suicide law may be a hard one to kill...
...cities, prices jumped more than 1% from the month before. The phenomenon isn't limited to just a handful of wealthy cities on China's coast. Towns such as Nanjing, Kunming and Chongqing are experiencing price hikes as well. Though most observers believe China's real estate market is not in a bubble just yet, making sure it doesn't reach that point is one of the biggest challenges facing Beijing today. "Rapidly rising property prices now becomes a top issue for policy makers in China," economists at BofA Merrill Lynch Global Research proclaimed in a recent report. (See pictures...
...reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up in property prices. The amount of new loans granted by Chinese banks in the first 10 months of 2009 surged an eye-popping 144%, to $1.3 trillion, from the same period in 2008. The easy money policy has led to a fantastic increase in property deals - up 82% in October...
Still, policymakers must tread carefully. With exports improving but still weak, exiting stimulus measures too soon could derail the economy's recovery. Even restraining the property market could affect growth, since investment in the sector - which accounts for a full 10% of GDP - has been a key driver of China's overall economic rebound. Investment in property jumped nearly 18% in the first three quarters of 2009 from the same period in 2008. (Read "China's Own Version of the Real Estate Bust...