Word: slowes
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...soon after the disaster. The massive rebuilding effort also provided direct investment and job opportunities. Several of the dislocated people I met in the temporary camps had family members working on reconstruction. Overall the quake region produced less than 1% of China's GDP, so it did little to slow the national growth engine. A chief concern was that rebuilding would contribute to inflation. That was largely forgotten over the past year...
...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...
...residential real estate bust has been a slow-motion wreck too. (It started in 2006!) But the commercial meltdown will take even longer for two main reasons. One is that while commercial real estate lenders certainly got sloppy during the boom, they didn't go utterly crazy the way their residential peers did. Commercial lenders still demanded down payments and evidence of income. They didn't factor in a 40% decline in prices or the worst economic downturn in 70 years. The housing bust preceded and precipitated the recession. The commercial bust is an aftereffect. (See 25 people to blame...
...despite the high volume of repossessed properties - the Inland region has the sixth highest concentration of foreclosures in the nation, according to the listing service RealtyTrac - house hunting here is an exercise in frustration. Banks have been slow to put properties on the market, sparking bidding wars among buyers. Overwhelmingly, the winners of these clashes are investors, who have been snapping up homes with high all-cash offers. "For the home seller, cash is king," says Yun. "First-time buyers are at a disadvantage...
...well-documented way to slow memory decline is through plain old aerobic exercise, says Art Kramer, a cognitive neuroscientist at the University of Illinois, who found that six months of walking for about an hour three times a week improved memory, attention and decision making among study participants, whose average age was 72. "Physical activity appears to be neuroprotective," Kramer says. (See TIME's video about fitness gadgets...