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...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, sometimes...

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

...Your study predicts mass cooling. With all the heat and radioactivity of the explosions, why wouldn't nuclear war warm the planet...

Author: /time Magazine | Title: Regional Nuclear War and the Environment | 1/22/2009 | See Source »

...known as the "year without summer." It followed the Tambora Volcano eruption in Indonesia in 1815. It was sudden climate change on a similar scale, and it resulted in a severe famine in Europe, food riots and mass emigrations. Volcanic aerosols have a lifetime of about a year in the stratosphere. The lifetime of soot from nuclear fires is about five years. It's obviously much harder for a society to recover from such an extended cooling...

Author: /time Magazine | Title: Regional Nuclear War and the Environment | 1/22/2009 | See Source »

...Senator Charles E. Grassley, an Iowa Republican and the ranking member of the Senate Finance Committee, reported last June that psychiatrist Joseph Biederman of Harvard-affiliated Mass. General Hospital received $1.6 million in consulting and speaking fees from the makers of drugs that he used to treat children for bipolar disorders...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Harvard Medical School To Review Conflict of Interest Policies | 1/21/2009 | See Source »

...severity of the problem comes to light, the island is gearing up for a mass dog vaccination this weekend to help prevent the virus from spreading beyond the districts of Denpasar and Badung, where the first cases were reported in November. Since then, more than 6,200 dogs have been vaccinated and more than 280 stray dogs put to sleep. Bali Governor I Made Mangku Pastika has closed the island's borders to all dog traffic from outside, where the virus is believed to have originated...

Author: /time Magazine | Title: A Rabies Outbreak in Paradise | 1/21/2009 | See Source »

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