Word: assets
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Dates: during 2010-2019
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...property sales in 2009 - $644 billion - equals one-eighth of the total GDP for the year. That growing reliance is not only hard to cut back on, but it creates a further risk, adds Xie. "The Chinese economy is so dependent on property, but property is not a productive asset. It doesn't have a long-term benefit for the country's economic production...
...known as Stuyvesant Town and Peter Cooper Village, built originally to accommodate World War II veterans, into luxury housing, for which limits on yearly rent increases are chucked in favor or whatever the market will bear. The prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut plans for using city tax abatements to further sweeten returns on apartments pushed into luxury decontrol. The upshot, according to a recent...
Many had expected the earnings at financial firms to drop in the fourth quarter of 2009. A number of the biggest firms at the end of last year rushed to repay the tens of billions of dollars they had received under the government's Troubled Asset Relief Program. Analysts said the rapid exit would be costly but would ultimately show that the banks had done a lot to repair their finances...
...mediate in the standoff between the president and Argentina's autonomous central bank, which has refused to hand over $6.6 billion that the cash-hungry government says it needs to pay off foreign creditors. Opposition legislators see the request for cash as the latest in a series of asset grabs by Argentina's Peronist government and a populist play ahead of next year's elections. When President Fernandez used an emergency decree to order the seizure of assets last month, opposition members obtained a court injunction to stop them...
Sterritt said that her work at Stanford has given her experience in bridging the realms of student life and academia—an asset that will boost her efforts to fulfill Hammond’s hope for closer cooperation between the College...