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...years, a number of large financial firms, including UBS, have moved thousands of investment-banking and trading jobs to the city. Already, a proposed Ritz-Carlton hotel and convention center has been put on hold, and city officials are afraid a large financial firm that was looking to rent 10,000 sq. ft. downtown will pull out as well. "Clearly we will see some softening," says Malloy. "Although as a lower-cost alternative for the financial-services industry, we will probably not be as adversely affected as New York...

Author: /time Magazine | Title: New York City Feels the Brunt of Wall Street's Crisis | 10/31/2008 | See Source »

...balance is right as it is, says Anne Dickson, a Maori single mother of five in South Auckland. "He's too hard," she says of Key. "Some of us are struggling. Some of us haven't got any skills." Through a government Family Assistance package, Dickson, 26, gets the rent paid on a three-bedroom house and $NZ350 a week in the hand. The money tends to run out by Mondays, two days before she's paid again. But she makes do by cooking stews that can be stretched over a couple of nights. She's grateful for what...

Author: /time Magazine | Title: Taking a Step to the Right? | 10/30/2008 | See Source »

...woods just yet - next year, the number of new units coming onto the market is expected to drop to 4,600, but only 60% are sold, according to Appraisal Research Counselors, a consulting firm that tracks downtown Chicago real estate. Developers are considering alternatives like offering rentals, establishing rent-to-own plans and dropping sales prices. Talk of new projects has ceased...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

...wouldn't be entirely fair to blame McCain for the bilious mess his party has become. The most vehement of the Republican faithful live in an alternative universe, fermented by decades of Rush Limbaugh's brilliantly meretricious baloney and Sean Hannity's low-rent bullying. As McCain's audiences went out of control, Hannity stoked the rage with a "documentary" about Obama that featured, without qualification, a poisonously flaky anti-Semite who claimed to know Obama was a Muslim. But McCain had consistently stoked the rage as well, with nonstop negative advertising and by questioning Obama's patriotism and trying...

Author: /time Magazine | Title: Round Three | 10/16/2008 | See Source »

...Several other clubs also own property in the Square that they rent to local businesses. The Porcellian owns the building occupied by Sandrine’s Bistro, the Fly leases space to J. Press, and the Spee leases part of its building to Schoenhof’s Foreign Books...

Author: By Nathan C. Strauss, CRIMSON STAFF WRITER | Title: A.D. May Lose Club Over Unpaid Back Taxes | 10/10/2008 | See Source »

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