Word: totalization
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...Last year, total fixed-asset investment accounted for more than 90% of China's overall growth; residential and commercial real estate investment comprised nearly a quarter of that. Toss in the not insignificant fact that it was a huge real estate bust in the U.S. that dumped the world into recession in the first place, and many analysts are now beginning to fear the worst. "China's property market," says independent Shanghai economist Andy Xie, "is a massive bubble." (See TIME's photo-essay "The Making of Modern China...
...regatta under its belt coming into this weekend, the Harvard women’s team competed in its first event of the spring season, earning a fifth-place finish at the 27th Women’s Intersectional held at Navy. The Crimson was able to capture five total race wins on the weekend, along with 14 top-four finishes...
...Angeles Superior Court - the largest trial court system in the nation - this week laid off 329 employees and closed 16 courtrooms. Facing an unprecedented $79 million shortfall, Presiding Judge Charles W. McCoy said that the courts will lay-off an additional 500 workers and shutter up to a total of 50 courtrooms come September. Announcing the cutbacks in a courtroom closed months ago to save money, McCoy said, "Today is a sad day for justice in Los Angeles." With attrition, McCoy expects the 5,400-employee court system to lose approximately 1,000 employees, a 20% reduction...
...construction projects, but that is not expected to be enough - and private investors have indicated that they may not be willing to make up the difference during the economic downturn. There are also signs that the initial cost estimates have been way off. Last July, the government said the total construction bill would run about $6.6 billion, but just a couple of months later, it revised that figure to a whopping $34 billion, according to the Russian news service RIA Novosti. Amid concerns that construction is running behind schedule - a problem exacerbated by the workers' strike, now in its second...
...what extent do you think the outrage over Total Information Awareness - with its name and its logo, the all-seeing eye - was a p.r. problem?A lot of it was a p.r. problem. You had the name, which was scary, the logo, which was just preposterous - I mean, it really, really was. I repeatedly asked Poindexter, "You really don't understand how people thought that this was creepy and disturbing?" And he always kind of chuckled and said, "No, no, no. I thought it was a pretty neat idea." He clearly sees the world...