Word: localitis
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...According to the First American CoreLogic report, the states with the highest percentage of negative-equity borrowers are the usual suspects. After Nevada (55.1%) and Michigan (40%), Arizona (31.8%), Florida (30.3%) and California (29.5%) round out the top five. Those statewide averages, though, mask a lot of local variation. One pattern: exurbs, where homes are newer and loans more likely to have been signed during the bubble years, are harder hit. For instance, in the metro area that includes Los Angeles, 23% of homeowners are faced with negative equity. Fifty miles to the east, in the area that includes Riverside...
...Wachusett Mountain Ski Area in Princeton, Mass., has access to some 7 million people who live about an hour away in the Boston; Hartford, Conn.; and Providence, R.I., regions. And skiers are staying local: skier days at Wachusett have risen 4%. "We are drawing the people that make a spontaneous decision to go skiing," says Tom Meyers, the marketing chief at Wachusett...
...Hilton - all of which are opening branches there soon. The first time I visited the city - on a business stopover in 2004 - it had a handful of high-rise buildings. Now it has 48, with dozens more under construction. Right now the Cartagena landscape is still shaped by local stores and galleries, Colombian cooking, and the open, curious hospitality of people who haven't yet dealt with pushy hordes of foreign tourists. But they're yearning for the boom that is about to come. At Café del Mar - the Cartagena branch of the famed Ibiza beach bar - a bartender...
...Part of the problem is the unevenness of enforcement. While China boasts many practical and well-considered regulations, its legal system still struggles with corruption and a willingness of some local authorities to prioritize growth over health and safety. "I do consider the new law a good thing, but it will take time to implement it," says Hu Xiaosong, a professor at the China Agricultural University Food Safety Technological Center. "For example, we have had a traffic law for years, but to this day, there are still people jaywalking at every street corner. Don't expect the law will bring...
...local television channel captured glimpses of the attackers mounting the attack. Prominent in the footage is a pair of men moving around together, crouching on their knees as they open fire. One appears to be a clean-shaven man young enough to be a teenager who is wearing a T shirt, jeans and sneakers. His companion is a taller man who appears to be in his 20s, wearing a brown shalwar kameez (traditional Pakistani dress) and a beard. One senior police officer in Lahore was quoted by the local media as speculating that the men were Pashtun, the ethnic group...