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...magazine-like profiles and intricate accounts of lawsuits and record company financial transactions. That's fine if you're dying to get the nitty-gritty on the rise and fall of Napster, or the way that Apple grew to dominate the music industry (both well-trod stories at any rate). but if you're looking for some novel conclusions or recommendations as to how the music industry can save itself, you might need to wait for Knopper's next book...
...expect that edge to continue. In 2009 the average apartment rent will drop 2.1%, according to PPR projections based on apartment buildings with five or more units in 54 markets. The nationwide vacancy rate is already at 6.8% - the peak during the last recession - and it is likely to grow by another percentage point this year, according to CBRE/Torto Wheaton Research, a property analytics firm that surveys professionally managed buildings with five or more apartments. (See pictures of the recession...
...latter part of the year. China's growth in the fourth quarter, at 6.8%, was the slowest the country has experienced in seven years. Compare that figure to the first half of 2008, when growth was more than 10%, and in 2007, when China posted an eye-popping 13% rate. As Stephen Roach, chairman of Morgan Stanley Asia, put it: "China hit a wall late last year...
...still needs to define victory down. Afghanistan is bigger and more populous than Iraq, with harsher terrain and a literacy rate one-third as high. It has no real history of centralized government; a fictional border with Pakistan, which militants cross with ease; an economy based largely on drugs; and a leader who--although still popular in the U.S.--is widely considered a disaster at home...
...huge job losses in these regions is so troubling. Leading the job cuts are New York City, which is expected to undergo more painful layoffs in the financial sector, and Los Angeles, where depressed home prices have ravaged the local economy. The report also predicts that the overall unemployment rate in metropolitan areas will rise above...