Word: metro
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Sources: AP (2); USA Today (2); Metro (UK); Guinness Book of World Records; Forrester; USA Today
...even get along with Denver's snippy media, which have long branded the team's primary owners--brothers Dick and Charlie Monfort, of Monfort Beef fame--as dunces. The Rockies were born in 1993 after 30 years of snubs from baseball's pooh-bahs, who were concerned about the metro region's slight population, lousy stadium, capricious weather and high altitude. When baseball finally caved, its reward came swiftly: the Rockies' opening day drew 80,227 to old Mile High Stadium--still the largest single-game turnout in baseball history--and first-year attendance totaled 4.5 million. These were happy...
...Many French people have adopted the traditional Gallic shrug toward striking public service workers who have left them stranded. "You can't blame them for protecting their perks. No want wants entitlements taken away," said university student Anne Gautier, 22, as she walked away from a crowded Metro station to walk to classes. But not all Parisians were pounding the pavement with the same sympathetic mood. "As usual, the ordinary worker being taken hostage by a minority of people who've decided they come first," complains an accountant who would only give her first name, Chantal. "I didn't strike...
...crazy lending practices. Now the "housing market is dragging down the rest of the economy," says Alan Gin, an economist at the University of San Diego. The same is true in and around Los Angeles, San Francisco, Phoenix, Las Vegas, Miami, Washington, New York City and Tampa, Fla.--all metro areas where house prices skyrocketed until 2006 and have since fallen in the face of otherwise positive economic news. Nationally, house prices dropped 3.2% in the 12 months ending in June, while the economy grew...
...most of the country's big metro areas are caught in the downdraft. With mortgage lending now very much a national business--and a troubled one--real estate may not be as local as it used to be. It may not even be national: house prices have been rising sharply in Europe, Australia, South Africa and China. Two countries at the leading edge of this boom, the U.K. and Australia, saw housing markets sputter in 2004 and 2005 but then recover. This may indicate that a quick recovery is possible in the U.S. It could also mean that the global...