Foreign buyers are pushing the prices of prime London real estate through the roof. Neighborhoods such as West London, Kensington and Chelsea are particularly popular.
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The apartments at One Hyde Park have been mostly purchased by foreign-registered buyers, according to <em>The Guardian. </em>It said the prices ranged from 3 million to 136 million British pounds ($4.9 million to $221 million).
Few Western countries are as conservative about home ownership as Germany, where less than half the country's citizens own property.
German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure.
But the European debt crisis appears to be changing the traditions around home ownership. The resulting surge in homebuying, some officials warn, is driving prices too high and threatens the nation's economy.
Vice President Joe Biden leads the first meeting of the working group to explore solutions following the Newtown shooting with Philadelphia Police Commissioner Charles Ramsey and other law enforcement leaders on Dec. 20.
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Vice President Joe Biden arrives for a closed-door meeting with Senate Democrats to urge them to support a fiscal cliff deal on Monday.
On the tough side of Terpsichore Street in New Orleans stands a duplex — a two-story, wood-framed building with wood floors, high ceilings and a nice fireplace. But this old house is empty: no furniture, no walls, no electricity, no toilet. Iron bars hide the windows; there's a lockbox on the door. The facade is three different shades of blecch, blurgh and blah.
Old Aristocracy Hill isn't a part of Springfield, Ill., that draws a lot of attention. The quiet neighborhood dates back to before the Civil War, its historic homes now carefully preserved by proud business owners.
But outside a stately funeral home, a large black-and-chrome Harley Davidson motorcycle trike pulls out of the parking lot, towing a matching casket in its glass-sided trailer.
It's not something you would expect to see, but it's exactly what 67-year-old Lew Bird says his friend Dave Rondelli wanted: one last ride.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. Scientists throughout the west are investigating a mysterious disappearance. Mule deer are vanishing. In Colorado, Wyoming and Utah, populations are half what they were in the 1970s. From Aspen Public Radio, Luke Runyon reports on some possible reasons.
Hugo Chavez has dominated Venezuela for so long that it's hard to imagine what the country would be like without him in charge. Opposition leaders are hoping for a new, more democratic system. But powerful factions in Venezuela want things to stay just as they are. Because the country is a key player in the region, NPR's Tom Gjelten says the U.S. is now making its own plans for life after Chavez.
President Obama may be going into the next big budget fight without his long-time treasury secretary. Timothy Geithner had been planning to leave before the start of the president's second term, but that would mean he is departing with the debt ceiling still looming and the Treasury scrambling to keep up with the government's bills.
ROBERT SIEGEL, HOST:
NPR's Scott Horsley joins us now. And, Scott, Secretary Geithner has made no secret of his plans to leave the government, but it sounds like his departure could be complicated.