As it turns out, prime urban parking can be almost as valuable as a single-family home. A Boston woman bought two parking spaces for $560,000 at auction Thursday, winning a tough bidding war that increased by the tens of thousands at each turn.
The buyer, Lisa Blumenthal, said the spots will be used for guests and workers, at the hefty price of $280,000 each — nearly 90 percent of the worth of the median sales price of a single-family home in Massachusetts.
This week, the U.S. Fish and Wildlife Service proposed a new rule that would extend "endangered species" protections to chimpanzees held in captivity. Nearly half of all the chimps in the U.S. live in research facilities, and the regulation changes would make it more difficult to use these animals in medical experiments.
Australian archaeologists using remote-sensing technology have uncovered an ancient city in Cambodia that has remained hidden for more than a millennium under dense jungle undergrowth.
The discovery of Mahendraparvata, a 1,200-year-old lost city that predates Cambodia's famous Angkor Wat temple complex by 350 years, was part of the Hindu-Buddhist Khmer Empire that ruled much of Southeast Asia from about 800 to 1400 A.D., during a time that coincided with Europe's Middle Ages.
Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.
The Federal Reserve has two main missions: to maximize employment and minimize inflation. Right now, there are few, if any, signs that prices for goods are spiking, and the job market is still crawling out of its long, deep slump.
The violin and viola that Wolfgang Amadeus Mozart played himself are in the United States for the first time ever. The instruments come out of storage only about once a year at the Salzburg Mozarteum in Austria. The rest of the time, they're kept under serious lockup.
Originally published on Wed October 2, 2013 4:45 pm
In the spring of 2012, Scottish singer-songwriter KT Tunstall traveled to Tucson, Ariz., to work on her sixth album, Invisible Empire // Crescent Moon. But before she could return to finish the record, a lot happened in her personal life: The death of her father, as well as the dissolution of her marriage to drummer Luke Bullen, left Tunstall in a standstill.