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...rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three Shanghai apartments. The developer, Shanghai Forte Land, presold all the units before spending a cent on construction. In China's residential market, financing development with customers' cash, not loans, is standard operating procedure...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...Buttressing that sort of attitude are the limited ways in which Chinese citizens can put their nest eggs to work. Bank interest rates remain regulated and miserly - offering less than 1% return on a standard savings account - and China has only just begun to open the door to its citizens being able to invest legally abroad. For most savers, that leaves real estate or the stock market - and if an apartment is the equivalent of a bar of gold, the stock market is the equivalent of a casino. Generally speaking, the Chinese love to gamble, but they love their bars...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...states, “That all men are by nature equally free and independent and have certain inherent rights.” This statute clearly allows for myriad protections against discrimination, and Virginia’s institutions of higher education have simply been upholding a similar standard of rights. It should be the focus of the attorney general to bring the specific texts of Virginia’s laws in line with such overarching legal principles...

Author: By The Crimson Staff | Title: A Misguided Letter | 3/22/2010 | See Source »

...Administration's proposed overhaul of the No Child Left Behind (NCLB) Act could resonate with Republicans, many of whom have been disappointed with the results of George W. Bush's signature education initiative. President Obama's blueprint, which was sent to Congress on Monday, sets forth an ambitious national standard - to have all students graduate high school ready for college or a career by 2020 - but leaves the specifics on how to achieve this goal up to state and local authorities. "Yes, we set a high bar," Obama said in his weekly radio address. "But we also provide educators...

Author: /time Magazine | Title: Education Reform: Obama's Bipartisan Issue? | 3/17/2010 | See Source »

...quest, based on the poem "Jabberwocky." Alice must seize the vorpal sword and slay the fearsome Jabberwock. In assuming this challenge, she becomes a female Frodo, Wonderland's Joan of Arc. This twist legitimizes the feature-length running time but also risks turning this jovially anarchic enterprise into your standard action-adventure. The film is better at reveling in eccentricity than at replaying Excalibur. (See the top 10 movie performances...

Author: /time Magazine | Title: Tim Burton's Frabjous Alice | 3/15/2010 | See Source »

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