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...they could service high debt on mortgage-backed securities. "The borrower anticipates to recapture approximately 20%-30% of the units [roughly within the first year] and 10% a year thereafter," explained a prospectus for a portfolio of buildings in upper Manhattan being bought by Apollo Real Estate Advisers (now AREA Property Partners), with a primary mortgage from a Credit Suisse subsidiary. The normal turnover rate in cheap or moderate rent-regulated apartments in New York City is 5.6%, according to data from the New York City Rent Guidelines Board. (See high-end homes that won't sell...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...Yellowstone caldera was created by an enormous super-volcanic explosion 640,000 years ago. Ever since, the area has been the the site of earthquake activity. Indeed, a map of the historic seismicity of the region over the last 20 years shows swarms of dots much like so many busy bees...

Author: /time Magazine | Title: Yellowstone Rumblings: Nothing to Fear? | 1/19/2010 | See Source »

...Monday, a swarm of nearly 500 earthquakes on the western edge of Yellowstone National Park began. Though they increased in frequency and intensity Tuesday, experts who monitor the area say they did not warrant emergency measures. A little over one year ago, there was some concern over a series of quakes centered around the north shore of Yellowstone Lake, which overlays some of the ancient, yet still simmering, Yellowstone Caldera. (See why a spurt of quake activity raised fears in Yellowstone...

Author: /time Magazine | Title: Yellowstone Rumblings: Nothing to Fear? | 1/19/2010 | See Source »

...prairies found a paradise of citrus groves in Southern California: miles upon miles of navel and Valencia oranges, planted in a vast swath of Riverside and San Bernardino counties, which stretch from East Los Angeles to the Arizona and Nevada borders. Starting in the 1970s, that area, now known as the Inland Empire, became a mecca for a new kind of homesteader: young families lured by cheap land and an easy commute to L.A. By 2008, it was home to 4.1 million people and one of the fastest-growing regions in the country...

Author: /time Magazine | Title: Postcard from Inland Empire | 1/18/2010 | See Source »

Four of the drone-fired missiles landed Friday in the Zarniri area of North Waziristan, killing three people. The area is near where a strike Thursday killed 12 people but is thought to have missed its apparent target, Pakistani Taliban chief Hakimullah Mehsud. (See TIME's covers about Pakistan...

Author: /time Magazine | Title: U.S. Kills Wanted Terrorist in Pakistan | 1/15/2010 | See Source »

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