Word: reaches
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...country's rapid economic development. China's citizens have few investment options. Interest rates on savings deposits don't even keep pace with inflation. So many have dumped their growing savings into real estate, resulting in speculative property bubbles in major cities that have driven house prices beyond the reach of average people. The fact that property prices in places have declined while stock prices have soared is not an outcome that displeases the government. "If the new listings diverted some savings that were otherwise driving up the price of apartments in Shanghai-and they definitely did-that was fine...
...many al-Qaeda operatives are on the run; that even horrific explosions, like the bomb that killed more than 150 in the obscure town of Amerli, north of Baqubah, are a perverse form of good news. A bomb that size was probably intended for downtown Baghdad but couldn't reach its destination because U.S. forces have blocked the routes south...
...departure. In fact, the departure is already being planned--in two places. There is the plan being devised by General Petraeus' staff in Iraq, which envisions a slow draw-down, paced by the Army's troop-rotation schedule; force levels would begin to ebb in March 2008 and reach pre-surge levels six months later. And there is more radical planning in the Pentagon, which would halve the current troop levels in a year. The growing friction between Petraeus and the Pentagon brass, with the generals desperate to save their Army before it breaks, will be a story to watch...
...reach that level, however, proponents of avoided deforestation must satisfy the skeptics who kept such projects off the Kyoto Protocol when the environmental treaty's carbon-trading program was set up in 2001. Negotiators at the time worried that the carbon released by cut or burned timber was too difficult to track accurately--just try counting the trees in the Amazon basin--so countries could have ended up receiving credit for preserving nonexistent forests. But since then, scientists have vastly improved their ability to monitor deforestation through satellite technology...
...life-size Hungarian town square for financier George Soros' 70th birthday. For a New York City welcome for Prince Charles, Baloun conjured up a forest of trees in a towering tent at Lincoln Center, complete with painted stars on the ceiling. The price tag for such rarefied celebration could reach $10 million. Baloun, 61, died from pancreatic cancer...