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...train wreck in slow motion," says Richard Parkus, head of commercial real estate debt research at Deutsche Bank. "Because it's in slow motion, people get this sense that it's really not happening. It is happening." To get a sense of just how the train wreck is unfolding, I took a tour last month of the warehouses and industrial parks of eastern Los Angeles County. Chris Bonney, the president of the City of Industry, Calif., office of commercial brokerage Lee & Associates, was my guide (and my driver). With the phenomenal growth of foreign trade passing through the ports...

Author: /time Magazine | Title: A Slow-Motion Wreck for Commercial Real Estate | 1/18/2010 | See Source »

While Siddiqui's trial has been highly anticipated, especially in Pakistan, it is unlikely to resolve any of the bigger mysteries surrounding her disappearance. Prosecutors have tailored the case narrowly to the shooting incident in Ghazni and told Judge Richard Berman last week they will avoid any mention of her suspected ties to al-Qaeda. The government's scenario of the shooting in Ghazni has been vigorously disputed by her defense attorneys, who at a pretrial hearing last week offered a preview of their case, saying there were no fingerprints or forensic evidence on the gun that would indicate Siddiqui...

Author: /time Magazine | Title: Al-Qaeda Woman? Putting Aafia Siddiqui on Trial | 1/18/2010 | See Source »

When politicians began discussing similar restrictions at the federal level, nervous investors sold off the pawnshop stocks. When the most restrictive proposal - a 36% cap proposed by Senator Richard Durbin, a Democrat from Illinois - failed to win support, the shares rebounded. However, the Senator has reintroduced the bill in the current session of Congress, and it could ultimately find its way into financial-industry reform. More worrisome to investors is the potential power of a Consumer Financial Protection Agency, part of the financial-reform bill recently passed by the House and under consideration in the Senate. Under the current versions...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

While online support has congealed around Lewis’ crusade for governance reform—an anonymous Harvard professor suggests that Lewis should be appointed to the Corporation, and Harvard blogger Richard Bradley writes that “some other folks need to start stepping up to the plate”—don’t expect Lewis to lead a rally outside Mass. Hall anytime soon...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Professor Challenges Harvard's Governance Structure in the Huff Post | 1/13/2010 | See Source »

...Opponents of the gun ban, however, say it only puts candidates at further risk. "No amount of gun bans will stop the bad guys from using firearms to eliminate rivals. The good guys should be allowed to protect themselves," says Richard Gordon, a serving Senator and presidential candidate, whose father was assassinated in the early years of the Marcos dictatorship. With candidates staking so much money and personal prestige on winning, the only way to make elections less violent is to reduce the giddy costs of campaigning and encourage a less vitriolic debate among rivals, says Gordon...

Author: /time Magazine | Title: Philippines Gun Ban Kicks Off Amid Campaign Violence | 1/13/2010 | See Source »

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