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...areas of the country are suffering equally. In Chicago last month, Donald Trump stood atop his new, 92-story condo-hotel tower just off this city's most prominent boulevard, Michigan Avenue. "There's an economic disaster going on in the country," Trump dryly acknowledged. "A lot of things you think will be built in Chicago and elsewhere will never be built. The banks are shut down. But we got this one built, and we're proud of it." Getting it built and getting it sold are two different things, however. Many of the gleaming building's units remain...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

...state is run, and Question 3’s proposed ban is a matter for legitimate discussion. We must, however, also take care to wield that power carefully—a responsibility that makes this particular initiative seem hasty and unjustified. Next Tuesday, we must allow prudence to trump perpetual intervention, and trust all of our citizens to make responsible decisions about their leisure time. If, in coming years, state residents vote definitively against dog racing with their wallets—as they seem to be doing already—then the matter will be settled. Until then, better...

Author: By The Crimson Staff | Title: No on Question Three | 10/27/2008 | See Source »

...None of this means we won't see sharply rising unemployment and falling economic output in the coming months as we work off the financial excesses of recent years. Higher productivity makes higher economic growth possible; it doesn't guarantee it. What's more, a financial breakdown can trump long-term fundamentals for years. Gordon identifies the peak years of the 20th century's big wave of productivity growth as 1928 to 1950. A lot of good that did anybody...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...sitting at a computer all day, hasn't imagined owning a personal slice of paradise, lush with bougainvillea and frangipani, perhaps a sea breeze carrying the scent of exotic herbs and barbecued delights? Southeast Asia abounds with such dream locales, but two destinations trump all others: Bali and the southern Thai island of Phuket. It is on these two chunks of land, a mere 2,400 square miles (6,200 sq km) combined, that thousands of expatriates have bought tropical vacation homes. Indeed, a global real estate slump notwithstanding, Bali and Phuket's residential sectors are still booming, in part...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

...voters. "Proud of you," he wrote back. But he points out that many people who register to vote late in the election season don't bother showing up at the polls. His suggested pitch to those folks: "The great thing about our country is, on Election Day, Donald Trump and you are equal. He gets one vote. You get one vote. He's going to use his. Are you going to use yours...

Author: /time Magazine | Title: Is Obama Doing Enough to Get Out the Black Vote? | 10/15/2008 | See Source »

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