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...condos that were supposed to be part of a revitalization of the downtown area. Apartments in Newport Lofts - Boemio's client, an out-of-town investor, paid $600,000 for one - are now listed for as little as $179,000. And this particular apartment isn't exactly in great shape. A squatter slipped past the doorman and, even more impressively, got a locksmith in to switch the lock and give her keys...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

Moving to Japan's stock market, which has been comatose for years, are conditions taking shape for its bull to reawaken? I think they are. Consumer confidence in July rose, exceeding expectations, and there's been a sharp acceleration in industrial production. Also, there is an election in another week, and it's pretty clear that the LDP [Japan's ruling party] is going to lose. The new party that's coming in intends to put through programs that will increase the amount of money that the average Japanese [person has], thereby stimulating personal spending. For example, it intends...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...changes the wider world, will depend on an infinite number of contingencies. A crucially important one, obviously, will be how China and the U.S., the dominant global power, get along. As Barack Obama said on July 27, "the relationship between the United States and China will shape the 21st century...

Author: /time Magazine | Title: Into the Unknown | 8/10/2009 | See Source »

...Thanks to the Internet, we can now do nearly everything - working, shopping, moviegoing, social networking, having sex - on one machine at home. We're becoming a society of shut-ins. We deprive ourselves of exercise, even if it's just a stroll around the mall, until we're the shape of those blobby people in WALL?E. And we deny ourselves the random epiphanies of human contact...

Author: /time Magazine | Title: Why Netflix Stinks: A Critic's Complaint | 8/10/2009 | See Source »

...Rhode Island family that invented the game--and that plans spin-offs in the shape of pears and apples--has kept control of the company. Granddad's new title: top banana...

Author: /time Magazine | Title: Look Out, Scrabble | 8/10/2009 | See Source »

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