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...imminent bust of a real estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central bank found only 13% were planning to buy property, the lowest figure since the survey started in 1999. In the wealthy industrial city of Shenzhen, reports suggest property prices may have fallen 30% from recent highs...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...achieves his ambition to become Britain's Prime Minister - and opinion polls suggest he is on course to do so - Conservative leader David Cameron promises a new candor in relations with Washington. The Labour government, he says, has tended to flatter Britain's allies across the Atlantic rather to deliver helpful home truths. But as he considered the sorry sight of a Congress unable to agree on measures to avert a global financial meltdown, it's just as well that Cameron spared U.S. politicians his unvarnished opinions, which would have been anything but pretty...

Author: /time Magazine | Title: Washington Antics Dismay Britain's Conservatives | 10/1/2008 | See Source »

...harbor or shoreline in the country, and you'll find derelict and abandoned vessels," says Doug Helton, acting director of the National Oceanic and Atmospheric Administration (NOAA) Marine Debris Program. NOAA data suggest there are at least 10,000 abandoned ships and obstructions peppering the U.S. coast, but experts predict there are far more. Helton says 3,000 to 4,000 abandoned vessels were scattered around the coast in the wake of Hurricane Katrina in 2005 alone...

Author: /time Magazine | Title: America's Underwater Junkyard | 9/30/2008 | See Source »

...public life have become so scripted, and the gestures that candidates use to signify their values have become so standardized (a stop at a black church, the hunting trip, the visit to a NASCAR track, the reading in the kindergarten classroom)3.” Obama has, he suggests, never felt the need to prove he’s your typical all-American Joe: he’s proud of the fact that he is comfortable asking for Dijon mustard while campaign advisors suggest he take the regular yellow kind. But he also realizes, as much as anyone, that...

Author: By Rachel A. Stark | Title: Superman or Common Man? | 9/30/2008 | See Source »

...hundreds of signatures on petitions against the anti-smoking measures. They've found support from faculty and even from nonsmokers. "This law, [the Clean Indoor Air Act], very explicitly defines its terms," Kutztown University geography professor Steven Schnell, a nonsmoker, told Cavanaugh during a campus visit last week. "I suggest a grammar class for your legal counsel...

Author: /time Magazine | Title: No Smoking on Campus? Pennsylvania Smokers Fume | 9/29/2008 | See Source »

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