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Despite Walker's best efforts, voter resistance to deficit spending may be on the wane. "We're going to see an evaporation of concern about fiscal restraint simply because the threat of an economic collapse is so great," said Robert Reischauer, president of the Urban Institute. "Policymakers are not going to adhere to the restraint that they know in their heads we need but in their hearts can't bring about...

Author: /time Magazine | Title: Does Anyone Care About a Trillion Dollar Deficit? | 10/25/2008 | See Source »

...faced by a yawning chasm between urban and rural incomes and rising unrest in the countryside, the Chinese leadership has taken a cautious middle road, stopping short of allowing outright sale and purchase of rural land and instead approving the trading of the peasants' leases and extending terms beyond 30 years. That amounts to the right to sell in all but name and potentially frees up hundreds of millions of rural Chinese - until now second-class citizens in their own country - to head for the big city. China's urban dwellers may well wonder how they will cope as hordes...

Author: /time Magazine | Title: The Moment | 10/23/2008 | See Source »

...these days, coexisting with the urban blight are plenty of new, well-heeled residents in new, well-appointed residences: bankers and others who work at Canary Wharf, the docklands development where Barclays, Morgan Stanley, Credit Suisse and many others have their offices. Greenwich is just a short hop from the wharf, thanks to the Docklands Light Railway. Liam Bailey, head of residential research at the real estate firm Knight Frank, says the gentrification started a decade or so ago and has accelerated in the past five years. Knight Frank is currently offering one-bedroom apartments with river views there starting...

Author: /time Magazine | Title: London Falling | 10/23/2008 | See Source »

...exist in reality only if they jointly created it, since each party's monster is a direct response to the anticipated actions of the other. Republicans think the Democrats--aided by ACORN, the AFL-CIO, organized crime, the Comintern and the New York Times--are going to stuff every urban ballot box from Miami to Chicago with fraudulent ballots cast by phony, made-up repeat voters. The Democrats fear that the Republicans--aided by the League of Snarling 'n' Sweaty Southern Sheriffs, Wal-Mart, Fox News, Dick Cheney and the ghost of J. Edgar Hoover--are going to use legal...

Author: /time Magazine | Title: Here Be Monsters | 10/23/2008 | See Source »

...night, Harvard’s architects addressed the need for more green space by adding a “Greenway” that runs east-west across the neighborhood and extends to the Charles River. In addition to several small parks, the swath of land may also include an urban farm and an orchard...

Author: By Nan Ni and Vidya B. Viswanathan, CRIMSON STAFF WRITERSS | Title: Harvard Shows Revised Allston Plan to Residents | 10/23/2008 | See Source »

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