Word: analysts
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...Dubai afloat by snapping up $10 billion of a $20 billion Dubai bond issue. Among other things, the bailout money has helped shore up the state-owned development companies behind most of those massive building projects. Still, the shakeout is probably not over yet, according to Saud Masoud, an analyst at the Dubai office of investment bank UBS. Masoud predicts house prices could eventually fall as much as 70% from last year's highs. "You can't just put in more capital," he says, arguing that Dubai needs to be more transparent about the seriousness of the real estate crisis...
...Though no major breakthroughs were made during the summit, there were also no major collisions. "Expectations that the summit would only cause troubles and fruitless discussions were wrong," says Nikolai Petrov, an analyst at independent think tank The Carnegie Moscow Center. "It looks like it wasn?t extremely successful, but it wasn't a failure." Referring to past E.U. conferences that have been held in remote Russian cities, he adds: "If anything, this was a continuation of E.U. field trips into Russia's deep countryside...
...Capital Markets analyst Gerard Cassidy says the U.S. banking system at the end of 2006 was more exposed to commercial real estate than at any other time that regulators have measured. That exposure, Cassidy believes, could result in as many as 1,000 bank failures by the end of 2012. "All the indicators on commercial real estate that we have seen suggest that there are real problems ahead for regional banks," says Cassidy. "It is just going to take a little while to get there...
...until a few months ago, I thought we were going to pull through this O.K.," says analyst James Abbott, who follows regional banks for FBR Capital Markets. "But now I am scared. For a lot of banks, this downturn does not look survivable...
...Attorney's office vastly experienced in national-security issues, "you have a perfect storm of anti-terror efforts in New York, and [the plotters] ran straight into it," Burton says. The city, along with Los Angeles, "has resources comparable to many countries," says James Carafano, a terrorism analyst at the Heritage Foundation. (See pictures of a jihadist's journey...