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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...

Author: /time Magazine | Title: Bright Spot in the Housing Crash: Cheaper Rents | 1/22/2009 | See Source »

Although it may cause the First Parents some unease, their daughters have tremendous star power - and it's only going to grow. "We are going to want to know what they eat, read, watch and wear," says Cohen. "They can influence an entire generation." But the whole phenomenon puts a company like J. Crew in a tricky spot. Yes, it needs to leverage the family's affinity for the J. Crew brand. But will consumers think the company is exploiting these young girls? J. Crew is so sensitive about this perception that it would not make a marketing executive available...

Author: /time Magazine | Title: Will Sasha and Malia Give J. Crew a Lift? | 1/21/2009 | See Source »

...conceived the paper to investigate one of the oldest dilemmas in the study of physiology. We have known for many years that people all over the world, even those from remote cultures, use the same facial expressions to convey basic emotions like grief or joy. Charles Darwin noted this phenomenon in the 19th century, and Matsumoto's mentor, a famous psychologist named Paul Ekman who traveled the globe in the 1960s, proved that both isolated tribesmen and urban Westerners identified pictures of facial expressions in the same way. Ekman demonstrated that a frown means unhappiness the world over; wide eyes...

Author: /time Magazine | Title: How to Lift Your Mood? Try Smiling | 1/16/2009 | See Source »

...piece published in the Boston Globe, “this largely unacknowledged crisis is part of a larger international narrative: from Kingston to London from Los Angeles to Chicago, we are witnessing the globalization of ‘thug life’…this phenomenon has emerged as a powerful symbol of the cultural and political decay of Black civil society...

Author: By Eugene F. Rivers iii | Title: Harvard and the Boston Miracle | 1/16/2009 | See Source »

...other country, facsimile editions of old newspapers would be unlikely to cause much of a stir. In Germany, where "anti-constitutional" symbols such as the swastika and the straight-armed Nazi salute have been illegal since 1945, this is a new and controversial phenomenon. (See pictures of Adolf Hitler's Rise to Power...

Author: /time Magazine | Title: Old Nazi News Makes Headlines in Germany | 1/14/2009 | See Source »

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