Allan Lira has walked more miles on the streets of Phoenix than he can count, knocked on hundreds of doors, and, with the polish of a seasoned precinct captain, appealed to Latino voters to exercise a right that he may never have.
Rents for single-family homes are rising slower than property prices as firms such as Blackstone Group LP flood the market with homes for lease, posing risks to investors betting billions on the burgeoning market.
Bob Major returned to Phoenix in October in search of more bargains like the four empty houses he bought in 2010 at rock-bottom prices. The retired builder from Vancouver instead found real estate about 20 percent higher and stiff competition.
Arizona State University has released its annual list of new species identified in the previous year. Among the species discovered in 2011: A snub- nosed sneezing monkey, a lethal jellyfish, a microscopic worm and a mushroom named after Sponge Bob Square Pants. Bloomberg's Alix Steel reports. (Source: Bloomberg)