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...that oversupply in both the residential and commercial real estate markets has already prompted a downturn in pricing, and that the recent government initiatives could lead to a hard landing. In Beijing, vast swaths of commercial space sit vacant - including floors of retail space right next to the iconic Water Cube, the swimming venue for the 2008 Olympics. According to Colliers, commercial rents are now a shade lower than they were last year and residential prices have also begun to weaken. Residential prices, according to China Reality Research data, peaked late last year and are now headed down...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...pleasure boaters were warned not to touch the water - and for good reason. Recent testing revealed the presence of heavy metals and pesticides, along with cancer-causing PCBs, concentrated in sediment at the bottom of the canal. The magnitude of the cleanup task seemed to call out for federal intervention. The EPA says its plan will take up to 12 years; the city's more modest plan was judged inadequate by federal officials...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

Peter Reich, an artist and father of three, has lived and worked right next to the Gowanus since 1983. Charged with maintaining his apartment building's basement boiler, he sometimes wades through the water that rushes in during rainstorms. "It's nice to have an enclave to hang out in that no one wants to develop," says Reich. "We're still pioneers...

Author: /time Magazine | Title: Postcard from Brooklyn | 3/22/2010 | See Source »

While spring break for most Harvard students means a respite from all the rigors of campus life here in Cambridge, for the Crimson’s co-ed and women’s sailing teams, the week-long break only brings additional hours out on the water...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Co-Ed Sailors Notch Win To Open Spring Break | 3/21/2010 | See Source »

...conditions were light throughout the two days,” Stokes said, “but the water we were sailing in had a lot of debris, which was an obstacle for some teams but didn’t seem to bother our boats.  We were able to sail well, and this is definitely a confidence-builder for our week of practice...

Author: By Thomas D. Hutchison, CRIMSON STAFF WRITER | Title: Co-Ed Sailors Notch Win To Open Spring Break | 3/21/2010 | See Source »

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