5 High Tech Homes that are Really Pushing the Boundaries

  Some luxury home owners are pushing the boundaries of technology: Among them five really stand out.     The Shape Shifting Apartment Location: Matosinhos, Portugal Details: Only 747 Square Feet of Living Space 5 Living Areas – 2 of which can be rearranged at the touch of a button More guests for dinner than usual? Expand the Dinning Are / […]

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It’s Shadow Banks And Regional Governments That Will Take Down China

The New Conventional Wisdom: It’s Shadow Banks And Regional Governments That Will Take Down China Below is a very breif video of Omnis’s James Rickards talking about Chinese real estate, a subject of endless fascination for those of us who a) just witnessed a horrific real estate crash and b) are trying to get a […]

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Japan Gets Ready for Big Elections — And Big Change

The 54-year reign of Japan’s Liberal Democratic Party is expected to come to an end on Sunday in the country’s first general election in four years. The main opposition party, the Democratic Party of Japan , has little experience leading on a national level, but there are strong indications that voters will overwhelmingly support the party and its ambitious platform of reforming Japan’s broken system. After half a century Japan, it seems, is finally clamoring for change.

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Beating Badwater, the hardest ultramarathon in the world

Today, you get a call from a friend. They need a favor. Would you mind spending your vacation time this summer in Death Valley, a desert where temperatures hover around 130 degrees Would you be OK with sleeping in a van, if you get to sleep at all, for three days, because you’ll be working your tail off spraying runners down with water, dunking them in ice and keeping track of everything that goes in (and — yes — out) of their body every 15 minutes so they don’t die running 135 miles in the hardest footrace on the planet “Yeah, man, it’s Badwater.

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Race to Dubai suffers prize money crisis

The European Tour looks set to suffer a major body blow this week when it announces a reduction in prize money for this year’s flagship $20 million Race to Dubai and Dubai World Championships. A golf insider from the region has told CNN that the impact of the credit crunch on Leisurecorp, the company behind the concept, and the fact the Dubai World Championship has not attracted the handful of marquee sponsors hoped for, has led to a decision to reduce the payout for one of golf’s most lucrative competitions. The running of Leisurecorp’s day-to-day business now falls under the control of Dubai real estate developer Nakheel

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Thomas Pynchon’s Inherent Vice: A Magical Mystery Tour

After the vast tundra of his last book, Against the Day, which was a thousand-plus pages, with more than a hundred or so scurrying characters and a shape-shifting plot that went everywhere and nowhere, Thomas Pynchon has decided to give his fan base a break. His seventh novel is practically beach reading. Inherent Vice is a comic-noir detective tale set in Los Angeles around 1970, not long after the Manson murders added their special note to the already twitchy local vibe

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How the Housing Market Is Fighting Its Way Back

If you’d like to get a sense of how we’re emerging from our nationwide housing malaise, sit down at Jillian and Aaron Roberts’ kitchen table. As 2-year-old twins Lennon and Miles run by — those divots in the table are their doing — the couple explain that when they first started looking to become homeowners back in 2006, there was little they could afford

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Mob Allegations Turn Rome’s ‘Sweet Life’ Sour

“In all Europe there is no street quite so lively, quite so cosmopolitan or quite so zany as Rome’s Via Venetos” So began a 1959 TIME story trumpeting Café de Paris as the new must-see-and-be-seen spot on the then already famous leafy boulevard. Fifty years later, the sidewalk locale is as luxurious as ever , attracting both well-heeled Italians and tourists looking for a hint of the breezy, post-War sweet life celebrated in Federico Fellini’s La Dolce Vita, in which the café was a key location. On Wednesday, Café de Paris was back in the spotlight for different reasons: Even as sharply dressed customers and summer travelers in shorts sipped cappuccino, police seized the premises on suspicion that it had fallen into the hands of the increasingly powerful Calabrian mob

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