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...notoriously bitter about the overcrowding of Adams dining hall. Lucy’s much too nice to turn people away (unless she has Vinnie M. Chiappini's help), so the dining hall is frequently packed with non-Adams residents, making it nearly impossible to find a seat during peak hours. And once you do, good luck maneuvering your huge, awkward wooden chair...

Author: By Lauren D. Kiel | Title: The Housing Crisis: Adams House | 3/13/2009 | See Source »

...which the Imperial Palace sat in the center of Tokyo was worth more than the whole of California. Then the bubble burst, banks found that their balance sheets were full of bad loans, and Japan entered a lost decade of stagnant economic growth. Nearly 20 years after its peak in December 1989, when the Nikkei index nearly hit 39,000, the stock market has never come close to recovering. The Nikkei recently touched its lowest point since...

Author: /time Magazine | Title: The Lessons From Japan | 3/12/2009 | See Source »

...nearby Manteca, just paid $150 per hive to a Texas supplier. "If we didn't put any bees out here, I think we'd have a crop failure," he says, "and I'm not about to learn." Three years of record yields have depressed almond prices to half their peak; many growers will be lucky to break even this year. Meanwhile, a drought led Governor Arnold Schwarzenegger to declare a state of emergency on Feb. 27. Some almond farmers didn't even rent bees this year, figuring they wouldn't have enough water to irrigate their trees all summer. Ironically...

Author: /time Magazine | Title: Postcard from Hughson | 3/12/2009 | See Source »

...bubbles do, this one burst. While Japan's bureaucrats dithered, failing to face up to the crisis in the financial system, the economy went into a long "lost decade." The stock market plunged, then limped, then plunged again. (The Nikkei index is down 82% from its peak in 1989, and recently hit a 26-year low.) Banks that had once been the envy of the world had to be recapitalized. Growth picked up again after the turn of the century, as demand in China and the U.S. grew, only to be clobbered by the global recession and the collapse...

Author: /time Magazine | Title: Ozawa: The Man Who Wants to Save Japan | 3/12/2009 | See Source »

Guilin's main drag is Zhongshan Lu, running from the railway station toward Solitary Beauty Peak and Folding Brocade Hill - both featuring prominently on tourist itineraries led by flag-waving, fact-quacking guides. But Zhongshan itself is carpeted with an enticing parade of hawkers: barbecued-meat vendors alternate with bootblacks banging their brushes together to attract custom, grizzled farmers hunch over mounds of dried persimmons, and pickled-vegetable sellers rub shoulders with eco-entrepreneurs whose handwritten signboards tout for secondhand MP3 players...

Author: /time Magazine | Title: Going off Stream in Guilin | 3/11/2009 | See Source »

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