Due to the deteriorating investment environment, many real-estate companies in China have started transferring their business out of the construction industry. This leads to the shrinkage of the design market and also architects' salary. A great number of architects have switched career to maintain the same living quality as before. Meanwhile,…

This paper examines how college educational debt affects various post-baccalaureate decisions of bachelor's degree recipients. I employ the Baccalaureate and Beyond 93/97 survey data. Using college-aid policies as instrumental variables to correct for the endogeneity of student college debt level, I find that for public college graduates, college…

While colleges across the nation are coping with the recession, public universities in Florida, a state with finances that resemble a Ponzi scheme, have spent years doing without. The recession hit Florida early, and in a big way. Without an income tax, state government has long depended on property and sales taxes. As real estate and tourism have…

Kanaka Maoli are under constant threat of becoming exiles in their homeland. With the steady encroachment of development such as new luxury subdivisions on Moloka'i, high-rise condominiums in Waikiki, and new multi-million-dollar homes on the beaches of all the major islands, they are being pushed off their land and replaced by new wealthy…