Word: month
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...Unemployment, which hit of rate of 8.5% last month, is higher than it has been in 25 years, and sales taxes are plummeting. Worse, local governments on average get nearly three-quarters of their tax revenue from real estate assessments. Falling property values and rising foreclosures mean that source of revenue is drying up as well. Many local governments have built up reserves anticipating the downturn in the housing market, but Moody's says that might not be enough. "The sharpness of the housing downturn and speed of the general economic contraction will likely test the sufficiency of those reserve...
...Next month, Nitschke will stage more suicide seminars in the U.K., and his first webinar on suicide for people who can't travel to Britain. He plans on taking his road show to Los Angeles and New York City in November...
...speculators on Asian currencies. All the while, Beijing reminded other Asian governments of how the West had failed to come to their rescue. By the end of the crisis, China, previously viewed with suspicion by its Asian neighbors, had built a reputation as a benevolent regional power. During last month's session of China's National People's Congress, President Hu said: "Challenge and opportunity always come together. Under certain conditions, one could be transformed into the other." Right now, those conditions are breaking China...
...leasing of its vacant Allston properties. “If Harvard had communicated to the community from day one, they would have met with a lot less resistance [from the community],” said Aaron MacDaniel, who has been co-writing a new blog that started last month with the purpose of analyzing Harvard’s impact on the Allston neighborhood. Matthew De Remer, who co-authors the blog, said that while he and MacDaniel both look forward to the benefits of Harvard’s presence in the neighborhood, many residents felt “hurt?...
...Harvard had communicated to the community from day one, they would have met with a lot less resistance [from the community],” said Aaron MacDaniel, who has been co-writing a new blog that started last month with the purpose of analyzing Harvard’s impact on the Allston neighborhood...