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...Moreover, the business model followed by many Chinese developers is geared for making a quick buck, not for long-term profits. In the West, many developers build, own and manage their malls. In China, retail projects are "condominium-ized." That means the developer builds the space and then sells off individual shops to retailers. Because this strategy offers almost instant profits for investors, builders have little incentive to pick tenants carefully-and no incentive to ensure the facility is properly managed for the long haul. "If there's any empty stall when it comes close to time to open...

Author: /time Magazine | Title: Aspirational Hazard | 7/12/2007 | See Source »

...warming. At the summit's close, Crist - who plans to install solar panels at the Governor's mansion in Tallahassee next week - will sign an executive order making Florida the latest of a dozen states to adopt California's stringent standards for reducing greenhouse gas emissions. It requires 2009 model cars sold in Florida to cut those emissions by 25% and utilities to cut them to 1990 levels by 2025. "Look at Florida's enormous tourist industry - our economy is inextricably linked to our environment," Crist told TIME on the eve of the summit. "Imagine what rising sea levels [caused...

Author: /time Magazine | Title: The Sunshine State vs. Global Warming | 7/12/2007 | See Source »

...would a rational well phone-equipped person consider dropping a perfectly good device and plunking down $599 (because a 4 gig model is out of the question if an 8 gig model is available) for a new phone? With analysts estimating over 500,000 phones sold just last weekend, perhaps search term data could help us figure out why we've gone iPhone crazy...

Author: /time Magazine | Title: A Closer Look at iPhone Lust | 7/11/2007 | See Source »

...Harvard Darfur Action Group (HDAG) began circulating an online petition in early March in support of their "targeted divestment model," a criteria-based approach that questions the ethics of investing in more than 20 companies accused of helping to finance the genocide in Darfur...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Students React to Divestment Decision | 7/6/2007 | See Source »

...Corporation Committee on Shareholder Responsibility (CCSR)—the two-member group in charge of investigating the ethics of Harvard's investments—declined to use HDAG's proposed divestment model. The CCSR report stated that such a model would create a set of criteria that were too broad to be effective...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: Students React to Divestment Decision | 7/6/2007 | See Source »

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