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Sophisticated brain-scan studies by Jay Giedd at the National Institute of Mental Health (NIMH) have shown dramatic changes throughout the teenage years as excess gray matter is pruned from the prefrontal cortex - the seat of higher-order thinking and making judgments (like not smoking weed right before your chemistry...
The moves are belated. According to data compiled by real estate consultancy Colliers International, residential prices in 70 large and medium-sized cities across China soared in 2009, with 50% to 60% increases in Beijing and Shanghai. Real estate mania has become so intense that it has spilled over into...
Nor, among home buyers in China, is there a significant amount of debt financing. According to Patrick Chovanec, a professor at Beijing's Tsinghua University who studies the Chinese real estate sector, only about 50% of residential purchases are made using mortgages. The other half are paid for in full...
Many of the Tea Party movement's gripes are common complaints about government. But let's not sugarcoat what the people are at the core of this phenomenon: ultra-nationalist, right-wing Christian, militant, antigovernment, disproportionately Southern, overwhelmingly white, prone to conspiracy theories and slanderous toward a liberal African American...
It's bad timing that the glowing, indeed craven, China's Megatrends appears just as the world is rethinking China's rise. Google's threat to pull out of China, friction over the Dalai Lama, problematic international access to China's domestic market, the country's flawed regulatory environment, its...