Many analysts and market watchers, whose job it is to warn of impending real estate bubbles, have trained their sights on China. It's easy to see why. The economy has expanded an average 10 percent a year for the past 30 years, an incredible growth rate. Average housing prices tripled between 2005 to 2009 alone. But here are three reasons Chinese real estate has more room to run on the upside before the good times end:
Cargill's Aug. 3 recall of 36 million pounds of ground turkey is the latest in a string of high-profile food recalls in the United States. The volume of meat recalled was a quarter of the largest meat recall on record, but it was linked to far more health effects. The Centers for Disease Control estimates that more than 15 percent of Americans – some 48 million – become ill from food-borne pathogens each year. Most outbreaks are local events; a few are national in scope. Here's a look at some of the biggest food recalls in the past five years:
Tax-free weekends kick off in many states this month -- several start Saturday -- just in time for back-to-school shopping. Parents should spend wisely, experts say, by seeing what is already available in their home, buying when items are on sale, and creating a budget and sticking to it. It's also a chance to teach children important money lessons. Here are six money smart lessons for kids:
With the economy barely growing and investors bailing out of corporate stocks, the US job market isn't exactly sizzling. But conditions vary by region, with some metro areas showing substantial improvement over the past year, according to the Labor Department. Here are the five large metro areas with the lowest unemployment rates combined with unemployment that is down at least half a percentage point over last year.
Commemorating a day to call attention to a political cause has long been a tactic of liberals and those further out on the left. For instance, there's Labor Day, Martin Luther King Day, Earth Day, Gay Pride Day, May Day, and so on. Conservatives, by contrast, have largely stuck to fighting battles over the "true meaning" of traditional holidays observed by people of all political stripes, such as Christmas, Memorial Day, and the Fourth of July. Still, conservatives have tried to come up with holidays to tout, with varying degrees of success. Here are our top five:
The stock market is tanking. At midday Aug. 4, the Dow had fallen 300 points. The bond market is also beginning to growl like a bear. Investors are buying long-dated bonds while eschewing shorter-term securities to protect their assets, a clear indication that they feel the economy is likely to weaken further. High-profile economists are also turning gloomy. Former Treasury Secretary Lawrence Summers put the chances of another recession at 1-in-3; Harvard economist Martin Feldstein put it at 1-in-2. What's behind all the pessimism? Here are four big factors that are weighing on stocks and could determine the course of the global economy in the coming months:
East Asia is home to several territorial disputes, which occasionally escalate into regional violence. Many of the island territories are small, isolated from the countries’ mainlands, and sparsely populated. But strategic interests and abundant natural resources make them valuable. Here are five of East Asia’s flashpoints:
Some of this summer's most interesting books will pull at your heartstrings and pull you across time and space – from Beijing today to 1930s Manhattan to planet Earth in the year 2044. And that's just for starters. Here are nine of the August 2011 titles that are drawing the most enthusiastic thumbs-up from the editors at Amazon.com.
Here’s a sure-fire way to earn a little pocket money. Use your smartphone to snap a photo of a restaurant or scan a barcode in a store. You can earn cash or gift certificates. Companies pay for such information, often because they want to know how their stores and products look in the real world. Here are five free smartphone apps that can earn you money.
Talk about literary America and Los Angeles is not exactly the first locale that comes to mind. However, the truth is that the City of Angels has a deep and enduring place in the history of American letters. Here are just five of the many fiction and nonfiction books that attempt to unravel the mystery that is L.A.
With Washington locked in a debt-ceiling stalemate, debt seems to be on everyone’s mind. So, how does US debt compare with that of European countries, embroiled in a debt crisis of their own? In April, the International Monetary Fund estimated that the US government's gross debt amounted to 99 percent of gross domestic product. That’s high, but less than four of Europe's five largest debtors. Editor’s note: All figures are come from International Monetary Fund’s World Economic Outlook database that was updated in April 2011. See the full statistics here.
There may not be any new books or movies to come, but the spirit of "Harry Potter" lives on – now a part of our culture in so many ways. Aside from re-watching and re-reading J.K. Rowling's work, avid fans have found various ways to incorporate the novels into their daily lives. Here are examples of five ways in which "Harry Potter" has infiltrated modern Muggle life. Some may surprise you!
The online outpouring of anger and sympathy after a weekend bullet train accident in China killed at least 39 people has highlighted a robust criticism that exists online, sometimes beyond the reach of even the most powerful Chinese Internet censors. A number of recent online campaigns have managed to raise awareness of issues the government would have otherwise been able to keep out of the public eye. In some cases, protests have even prompted a government response. Here are four:
Last week's attacks in Norway have put Western Europe's far right in the spotlight, despite their rapid condemnation of Anders Behring Breivik's actions. These parties share some of the anti-immigrant and anti-Islam opinions that spurred Mr. Breivik. Who are some of these rising parties on the right? (RELATED STORY: Norway massacre likely to ramp up monitoring of right-wing groups)
With the possibility of America defaulting on a debt payment just days away, Americans are hoping for the best but bracing for the worst. Lawmakers are raising alarms. Some investors are scrambling to the safety of gold and foreign currencies. What would a US default mean for the American consumer? Here are five ways it would hit your pocketbook:
The July heat wave shimmering across the United States is generating everything from prime-time news coverage to contests for describing just how hot it really is. More than a third of the US is experiencing heat indexes of more than 100 degrees Fahrenheit, according to the National Weather Service. Six US cities set all-time record highs last month, with the hottest new record coming from Childress, Texas. The temp? 117 degrees. Savanna, Ga., meanwhile, experienced temps of 90-plus degrees for 56 days straight (May 20 to July 14). But what may be a record-setting summer in America is relatively routine in other parts of the world, where many people experience months of weather like this – and not necessarily with Western comforts like air conditioning. Some are almost as hot as America’s Death Valley, which averages 115 degrees in July. Yet their inhabitants manage to survive, albeit through sweat if not tears. Perhaps the fortitude of their global brethren will bring a breeze of hope to Americans. Here are five places with more extreme weather than the US is currently experiencing.