Word: place
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Sitting at Uno the other night with a table full of people, it struck me at some point that I was out of place. Not because I lack table manners or was dressed inappropriately—but because I was the only one without an iPhone or BlackBerry...
Though a crown is still possible, Harvard’s reign as Ivy champions is likely over. The team has secured at least a share of second place and will record its ninth consecutive winning season...
...same time, White House officials had been preparing alternate means of broadcasting the town hall online. The event, which took place Monday at 12:45 p.m. local time, was shown live over Whitehouse.gov, and Obama took a number of questions from an online Chinese audience. But it was the President's own remarks which will have made for the main headlines. Obama defending the freedom of the internet by stating that "I think that the more freely information flows, the stronger the society becomes, because then citizens of countries around the world can hold their own governments accountable." He also...
...reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up in property prices. The amount of new loans granted by Chinese banks in the first 10 months of 2009 surged an eye-popping 144%, to $1.3 trillion, from the same period in 2008. The easy money policy has led to a fantastic increase in property deals - up 82% in October...
...China's policymakers are indicating that pro-growth policies will stay in place. Economists don't expect the central bank to hike interest rates until next year. Instead, analysts think the government will try to avoid a real estate bubble by implementing sector-specific measures in the coming months to cool down property prices, like tightening access to mortgages for buyers of second homes - who are more likely to be purchasing apartments as speculative investments. (Read "Will China's Consumers Save the World Economy...