Word: urbanization
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Zakcq Lockrem, a member of the Boston Planners Network which advocates for socioeconomic justice through urban planning, said that one inexpensive and short-term project that would increase foot-traffic in Allston would be to install public art—possibly in cooperation with the Graduate School of Design—on vacant Western Ave. storefronts...
...long-running boom in the construction of new apartments and houses across urban China ended abruptly last year and is now unwinding. Deflation is evident in Beijing and Shanghai in particular, where real estate developers and brokers report prices will likely be down 15% to 20% this year. Prices in the once booming city of Shenzhen are down more than 18% from year-ago levels. Nationwide, according to a recent forecast by economists at the Chinese Academy of Social Sciences, housing prices in China may decline 10% to 15% this year, as the overall economy struggles amidst the global financial...
...there is still pain - particularly among developers, and the big banks that financed them - because of just how overbuilt urban China has become. Ren Zhiqiang, the Chairman of the Beijing Huayuan Group, a large developer, estimates that it may take to two to three years to work off the existing inventory in residential property across the country. Analysts estimate that there are now about 200 million sq m of constructed but unsold apartments and houses in China, and Ren worries that figure will continue to rise without "tangible, positive incentives" for new buyers. (See pictures of China's demographic patterns...
...between MSNBC and CNBC - NBC News were trying to own the liberal and conservative voices of cable news. But CNBC's is a much different strain of conservatism from Sarah Palin's or Bill O'Reilly's: it is urban, club room and Mammon-oriented rather than small town, VFW hall and God-oriented. It's an ideology not exclusively beholden to party (Cramer voted for Obama), but it's an ideology nonetheless...
...drugs and drug-related crime, which will in turn provide a long-term solution to the drug epidemic. The approach includes social reintegration of addicts and dealers, firmer legislation against slum real-estate lords who allow illicit activity to continue on their grounds, and the general transformation of the "urban wastelands" that have become breeding grounds for the drug market. Along with trying to motivate UN member states into action on this initiative, the paper is a veiled effort to silence pro-drug lobbyists that have used the increase in organized crime as ammunition for their campaigns to lift controls...