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    Entries by Fernando Arias (86)

    Sunday
    Oct172010

    Japan Goes From Dynamic to Disheartened

    Updated on Sunday, October 17, 2010 at 4:28PM by Registered CommenterFernando Arias

    OSAKA, Japan — Like many members of Japan’s middle class, Masato Y. enjoyed a level of affluence two decades ago that was the envy of the world. Masato, a small-business owner, bought a $500,000 condominium, vacationed in Hawaii and drove a late-model Mercedes.

    But his living standards slowly crumbled along with Japan’s overall economy. First, he was forced to reduce trips abroad and then eliminate them. Then he traded the Mercedes for a cheaper domestic model. Last year, he sold his condo — for a third of what he paid for it, and for less than what he still owed on the mortgage he took out 17 years ago.

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    Wednesday
    Oct062010

    Rail Service Expansion Imperiled at State Level

    Updated on Sunday, October 10, 2010 at 5:37PM by Registered CommenterFernando Arias

    An Amtrak train in Washington, part of the busiest train corridor in the country. Several states received stimulus money to help expand passenger rail service.

    “The bottom line is that high-speed rail is a national program that will connect the country, spur economic development and bring manufacturing jobs to the U.S.,” Transportation SecretaryRay LaHood, a former Republican congressman, said in a statement. “It will also transform transportation in America, much like the Interstate highway system did under President Eisenhower. It’s hard to imagine what would have happened to states like Ohio and Wisconsin if their leaders had decided they didn’t want to be connected to the rest of the country back then.”

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    Tuesday
    Sep282010

    In Arabian Desert, a Sustainable City Rises

    ABU DHABI, United Arab Emirates — Back in 2007, when the government here announced its plan for “the world’s first zero-carbon city” on the outskirts of Abu Dhabi, many Westerners dismissed it as a gimmick — a faddish follow-up to neighboring Dubai’s half-mile-high tower in the desert and archipelago of man-made islands in the shape of palm trees.

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    Tuesday
    Sep072010

    Obama Offers a Transit Plan to Create Jobs

    MILWAUKEE — President Obama, looking to stimulate a sluggish economy and create jobs, called Monday for Congress to approve major upgrades to the nation’s roads, rail lines and runways — part of a six-year plan that would cost tens of billions of dollars and create a government-run bank to finance innovative transportation projects.

    With Democrats facing an increasingly bleak midterm election season, Mr. Obama used a speech at a union gathering on Labor Day, the traditional start of the campaign season, to outline his plan. It calls for a quick infusion of $50 billion in government spending that White House officials said could spur job growth as early as next year — if Congress approves.

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    Tuesday
    Aug312010

    New Skyscraper to Rival Empire State Building

    The City Council approved on Wednesday afternoon the construction of a tower near Pennsylvania Station that will rise to within 34 feet in height of the nearby Empire State Building, inserting a glassy rival virtually next door to what has been the defining element of the city’s skyline.

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