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...critical factor underpinning the residential real estate market is formed by the psychology of the Chinese home buyer in combination with regulatory restraints on what they can do with their savings. Just 34 years out of the chaos of the Cultural Revolution, and less than 15 years down the road from a nasty bout of inflation - consumer prices rose a staggering 21% in 1994 - the Chinese regard real estate as vital security (what Tsinghua's Chovanec calls the "bar of gold" syndrome). Yang says he hasn't even tried to rent out two of his three apartments because...
...upper stretches of Conn Valley Road are more locked in time than most other corners of California. Only a few miles away from the contemporary epicurean bustle of Napa Valley's Highway 29, the road meanders through the oak-studded foothills east of St. Helena, where, rather than busloads of weekend winos headed for trendy tasting rooms and amazingly expensive eateries, you're more likely to encounter bald eagles, bobcats, and - if you drive deep enough - the relics of the winemaking region's nearly forgotten past...
...more than 30 years. "We've got a Persepolis and we've got a Tuscan castle," she says referring to other architecturally fancy wineries nearby. "But I think that the most beautiful wineries are the old ones." So the couple, who live in a historic ranch house across the road from the dilapidated Franco-Swiss, has spent the past decade pursuing their dream of saving the old winery by restoring it into a fully functioning facility. (See an interview with internet wine guru Gary Vaynerchuk...
After two blowouts to start Harvard’s road trip, the Crimson kept its first of two games against UNC Greensboro close, but still lost on a 10th inning RBI single for its third loss in as many games...
...loss in the first round of the CollegeInsiders.com Tournament left the Crimson’s seniors with a disappointing conclusion to their collegiate careers, and its rookies with a sense of what postseason basketball so often entails for Ivy squads—games on the road against bigger and quicker teams...