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...ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year...
...Jakarta. This year, in January, when the rainfall is heaviest, the U.S. embassy in Jakarta advised its citizens to stock up on food and water, keep cell phones charged and gas tanks at least three-quarters full, and exercise caution when driving through "small rivers." It's the sort of travel advisory you'd expect for negotiating an untamed wilderness, not a city of more than 12 million souls. Damage from a deadly 2007 flood cost Jakarta half a billion dollars - ironically, roughly the same cost as an unfinished project designed to prevent it. Nearly 15 miles (24 km) long...
...children; by 2030, only 27% will. "Single people and households without children don't want big houses on big lots," says Arthur Nelson, director of metropolitan research at the University of Utah's College of Architecture and Planning. To visualize the coming change, imagine a turreted Victorian mansion, the sort that was popular at the turn of the 1900s. Now picture an Arts & Crafts bungalow, the small-footprint style that followed in reaction...
Around the country, people are getting creative with that sort of space. Members of Seattle's Beta Society not only sleep in their 10,000-sq.-ft. find but also shoot movies there. (They keep a green screen in the garage.) Near San Diego, the nonprofit TERI Inc. has bought a 3,600-square-footer on half an acre to house four autistic young adults. The secluded master suite that used to give parents some privacy now offers the same benefit to a live-in attendant, while the pool makes for great therapy. In Idaho, the nonprofit Housing Company...
...There is a sort of formula—I don’t want to call it magic—but it’s that good business sense of what works in Harvard Square,” Jillson said...