Word: roofs
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...ended some 10 km back and 1,300 m below. A bank of wild marijuana was on our left, and a series of terraces on our right led down to a sheer 500-m drop into a river gorge. A priest had just decapitated a goat on the flat roof of a house. He lifted the animal's head to the sun, slowly turning so that all could see. Then his assistants cut off its hooves and placed one each at the four corners of the building. None of the villagers was quite sure what the sacrifice was for. Some...
...Outsourcing to myriad tiny specialized workshops was the key to local industrial organization until the late 19th century, when a few pioneers had the idea of bringing all these craftsmen together under one roof. The Billodes factory, which opened in Le Locle in 1865, was among these precursors. But as the peasant-craftsmen became factory workers, a new means of passing on their specialized know-how became necessary. "It's the factories that created the modern training system," says Gérard Triponez, director of the college in Le Locle. "Before then, craftsmen would train a couple of apprentices themselves...
...simply bought a new home. Demand for housing went up, prices followed - according to the National Association of Realtors, the price of homes in metropolitan areas is up 10 percent so far this year, compared to 3.9 percent in the ?80s and ?90s - and suddenly everybody with a roof over their head felt richer in spite of some rather nasty portfolio problems...
...majority of homeowners, the roof over their heads is by far their biggest investment and the most powerful determinant of how wealthy they feel - more so even than a job and definitely more than those 401(k)s that have borne the brunt of the slowdown so far. So a true real-estate bust, in the manner of the one that hit the U.S. in the late ?80s and early ?90s or the one that sent Japan careening into its coma at about the same time, would almost certainly spell recession - with a capital...
...news, of course is for that to happen, the sky - and the roof - would have to fall first. And the prospect of a spring rebound could get buried in the wreckage...