Friday, Aug 6, 2010, 2:26 IST
Venkatesan Vembu | Hong Kong | DNA
China has unveiled an ambitious space-age project that, if successful, could represent the future of urban mass transportation and liberate millions of commuters in cities around the world, including Mumbai and Bangalore, from the tyranny of traffic congestion.
The futuristic project, which will be road-tested in Beijing within a year, envisages a giant ‘superbus’ that will straddle the road, run on rails with cars whooshing beneath it, seat up to 1,400 passengers in an elevated chamber — and run at a top speed of 40 kmph, partly on solar power. Continue reading
March 21, 2009
To mark Toronto’s 175th birthday, the Saturday Star is presenting turning points in the city’s history that have helped make it what it is today. Torontonians share a love-hate relationship with suburbs – places that are home to many thousands, yet decades later still struggle to be accepted as a crucial part of the city’s past.
When businessman E.P. Taylor unveiled plans in 1953 for Toronto’s first master-planned suburb, Don Mills, the world gasped.
North York’s planning department called the vision for the 850-hectare site “preposterous.” Media from around the world critically eyed the subdivision. The city at large wondered about the feasibility of this ambitious development at Don Mills Rd. and Lawrence Ave. E., which promised to provide mixed-income housing for 30,000 people and work for 25,000 more. Continue reading
August 22, 2010
Housing will eventually recover from its great swoon. But many real estate experts now believe that home ownership will never again yield rewards like those enjoyed in the second half of the 20th century, when houses not only provided shelter but also a plump nest egg.
The wealth generated by housing in those decades, particularly on the coasts, did more than assure the owners a comfortable retirement. It powered the economy, paying for the education of children and grandchildren, keeping the cruise ships and golf courses full and the restaurants humming.
More than likely, that era is gone for good.
“There is no iron law that real estate must appreciate,” said Stan Humphries, chief economist for the real estate site Zillow. “All those theories advanced during the boom about why housing is special — that more people are choosing to spend more on housing, that more people are moving to the coasts, that we were running out of usable land — didn’t hold up.”
Instead, Mr. Humphries and other economists say, housing values will only keep up with inflation. A home will return the money an owner puts in each month, but will not multiply the investment. Continue reading
August 19, 2010
Waterfront Toronto unveiled plans to build a massive $800 million neighbourhood Thursday.
Developers have dubbed the new neighbourhood Bayside, which will stretch along the water from Sherbourne St. to Parliament St. Waterfront Toronto chose Hines, an American development company based in Houston, to build the project from a field of four finalists. Continue reading
Kavithai Gundar is a Tamil hip hop music album. After the success of “Vallavan” performed by Yogi B, Dr.Burn and Emcee Jesz, Emcee Jesz created this Tamil Hip Hop album as a solo project.