Workers construct an apartment building in Greater Noida, on the outskirts of New Delhi, India, Aug. 3, 2011. As many as 100,000 new apartment units are scheduled to be built on land that previously belonged to farmers. A court has halted some development on the grounds that the farmers weren't fairly compensated.
Credit Gurinder Osan / AP
Buffalo graze in the backdrop of apartments under construction in Greater Noida, Aug. 3, 2011. While farmers seek fair compensation for their land, many worried buyers have invested their life savings in down payments on apartments that haven't been built yet.
A land crisis is gripping India. The country's growing prosperity has created a rapidly expanding middle class that is demanding modern housing and has the money to pay for it.
But building millions of new houses and apartments isn't easy, especially in a country where land is hard to come by.
A land battle on the outskirts of New Delhi illustrates the point.
The property, in an area known as Greater Noida, is undergoing the transition from cropland to towering apartment blocks. Right now, though, it's a visual and legal mess.
In this photo taken during a government-organized tour for foreign diplomats and the media, US ambassador to Syria Robert Ford covers his nose from the smell of the dead bodies during his visit with other foreign diplomats to a mass grave, in Jisr el-Shughour, north of Syria, on Monday, June 20, 2011.
Elliott Abrams, senior fellow for Middle Eastern studies at the Council on Foreign Relations, was a deputy national security adviser in the George W. Bush administration
A young Syrian who lives in Greece shouts slogans during a protest outside the Syrian embassy in Athens, Tuesday, Aug. 2, 2011. About 80 people gathered outside the embassy as Syrian troops killed nearly 100 people in two days, firing at worshippers heading to Ramadan prayers in the city on Hama, an opposition stronghold.
David Schenker is the Aufzien fellow and director of the Program on Arab Politics at the Washington Institute for Near East Policy.
Originally published on Thu August 4, 2011 8:08 am
Credit Shuji Kajiyama / AP
A money trader reacts in front of the yen-dollar exchange rate at a money market brokerage firm in Tokyo.
During the early morning hours, Japan sold yen and bought dollars in order to stop the yen from strengthening. Dow Jones estimates that Japan may have spent as much as $20 billion to $30 billion in the transactions, pushing the yen 3.8 percent lower against the dollar.