Word: year
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...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...
...During his opening address to the NPC, Premier Wen said that 2010 was going to be a year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain...
...spend $549 to listen to someone yell, "Show us the birth certificate," a year after the issue was settled doesn't say much for this supposed "potent force." Jim Grant Rochester Hills, Mich...
Then there's the minefield of health-care reform. Ministers are divided over how to reform Germany's complex health system and rein in spiraling medical costs. The upstart 36-year-old Health Minister Philipp Rösler (FDP) thinks he's come up with a solution to crack the problem: a flat-rate premium for health-care contributions so all Germans pay the same, regardless of income. But colleagues from the Christian Social Union (CSU), the CDU's sister party and the third partner in the coalition, have slammed the plan, saying it is not "socially fair...
...officially out of recession but Europe's biggest economy is struggling to get back on its feet. Unemployment is creeping up and public finances are deteriorating. Germany's budget deficit reached 3.3% of GDP in 2009 and is forecast to rise to more than 5% of GDP this year - far more than the 3% limit set by European Union rules. Add in worries that Berlin could end up bailing Greece out of its own financial predicament (so far Merkel's response to calls for help has been a firm nein, though she has proposed a new European Monetary Fund that...