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Whether he likes it or not, that fortune is bound to attract attention. DLF is, after all, the hottest property developer in one of the hottest markets in the world. India's economy has grown more than 8% a year for the past four years, boosting demand for houses, offices, megamalls and hotels. Land prices in some areas have tripled in value since 2004, while office rents in Mumbai (formerly Bombay) and New Delhi are now more expensive than those in Paris, Hong Kong or midtown Manhattan. Yet the boom may still have room. Merrill Lynch forecasts India's property...
...they want friendly service and quality products while they are traveling? Of course. Do they want white-glove glitz? Not in great numbers," he said. The town is still scarred from the failure of two high-end properties--Drumoig Golf Centre and the Gateway Club--which didn't attract enough glitzy members...
...owner of the mortgages can use them as collateral to issue bonds to finance other deals. Money from thousands of homeowners covers the interest payments on those bonds. To attract investors, the bonds are rated by risk groups, called tranches (the French word for slices). The more secure the bond, the lower the payoff for investors. Those who buy the riskiest pool of bonds - the ones backed by the riskiest home mortgages - are promised the highest return. ? Mortgage-backed securities ? Pool of mortgages ? Bond tranches ? Risky bonds re-rated...
Disney Channel's 2006 surprise-hit movie operated on the aspirational principle of kid culture: just as naming a magazine Seventeen will attract 13-year-olds, so will a franchise called High School Musical reach tweens for whom high school is only an enticing and terrifying eventuality. Like the original, High School Musical 2 (Aug. 17, 8 p.m. E.T.) gives them high school with training wheels: romance without sexual pressure, G-rated teen pop (Justin Timberlake before he brought sexy back). It's a raging bacchanal of hand holding, milk drinking and explicit thespianism! Obviously, this is escapism for parents...
...Richardson's talk, at the Wells Fargo Hola Diversity conference in Des Moines, is part of his quiet wooing of Iowa's Latino vote. In a midwestern state where immigration is hot-button issue, Richardson is walking a fine line, trying to attract support from the state's small but growing Hispanic population while convincing Iowans leery of illegal aliens that he will not throw open U.S. borders to Mexico...