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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...
What that means to you: "If you're looking for an apartment or want to renegotiate your lease, you should keep in mind that you have bargaining power," says Hans Nordby, U.S. strategist at Property & Portfolio Research (PPR), a real estate intelligence outfit...
...produced by the last Democratic President, Bill Clinton, during his chaotic transition period. "During Clinton's transition, you had all these people writing ad hoc papers about what to do at this agency or how to deal with that policy, but that was an extension of how Clinton's mind works," says one of the many Obama aides who is a veteran of the Clinton Administration. "Clinton had this great horizontal intelligence. He could pull an idea from a meeting he had in northern Italy and apply it to spreading broadband service through Iowa. It was amazing but not exactly...
...Toward the end of the campaign, Michelle Obama asked me if I was going to write a novel about them like Primary Colors, my satiric account of the 1992 presidential race. I was at a loss for words, in part because the thought hadn't even vaguely crossed my mind. "He can't write a novel about us," Barack Obama reassured his wife. "We're too boring." (See pictures of Michelle Obama's Jason Wu dress...
...country. The sheer fun of the Inauguration, the world-record number of interracial hugs and kisses, augurs a new heterodox cultural energy, a nation - as the man said - of mutts. Already the Obama ethos is slipping into the nation's cultural bloodstream - not just the interraciality but also the mind-blowing normality of the family: the fact that Michelle Obama brought Laura Bush a going-away present, the fact that Sasha and Malia will make their own beds in the White House, the fact that our President proudly wears a Chicago White Sox baseball cap when he goes...