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...higher yields of BABs have made muni bonds more attractive to pension funds and other nonprofit (i.e., tax-free) investors. And that new demand is driving down the yields on traditional muni bonds because there are relatively fewer of them issued. BABs, unlike traditional munis, are taxable. For most individual investors, the interest-rate difference is a wash - a high net worth investor would owe the extra yield they get from the BAB back in taxes, so they'd wind up with roughly the same after-tax yield as if they had bought a lower-yielding tax-free muni...

Author: /time Magazine | Title: A Stimulus Success: Build America Bonds Are Working | 11/17/2009 | See Source »

...Maison Arabe The inn's traditional Moroccan waxed walls display Gebbah rugs, copper lamps and carved cedar doors and balconies. Hide away in the candlelit courtyard by the 18th century fountain or eat tapas in the piano bar. 1 Derb Assehbé, Bab Doukkala, Medina; tel: (212) 24 38 70 10; www.lamaisonarabe.com Le Foundouk Restaurant This restored caravansary no longer has beds (or camels), but you'll want to curl up on a divan on the rooftop. Expect rap music as you sit under African carvings, wrought-iron balconies and a chandelier that drops three floors through the atrium...

Author: /time Magazine | Title: The Desert's Edge | 10/17/2006 | See Source »

...Hang out at a coffee shop by the Bab Al-Yaman, the city's main gate to the south, and watch men from the tribal areas wearing curved daggers and sarongs stroll past while animated Somalians in red, orange, yellow and green robes barter with customers on Ta'Izz Road, south of the gate. If you really want to be in the thick of all this life, skip the Sheraton and bed down in a hotel tower house, or fonduk. They offer basic facilities, but have incredible atmosphere and great roof-terrace views. Check out Arabia Felix...

Author: /time Magazine | Title: Eternal Beauty | 11/20/2005 | See Source »

...bargain over khat, a narcotic leaf. If haggling in other markets has left you jaded, this one's a refreshing change of pace - no one hassles you to buy here. Locals are mostly indifferent to your presence; a few are curious. Hang out at a coffee shop by the Bab Al-Yaman, the city's main gate to the south, and watch men from the tribal areas wearing curved daggers and sarongs stroll past while animated Somalians in red, orange, yellow and green robes barter with customers on Ta'Izz Road, south of the gate. If you really want...

Author: /time Magazine | Title: Eternal Beauty | 11/16/2005 | See Source »

Nonetheless, Gaddafi remains fascinated by his Bedouin heritage and feels that all Libyan men should be ready to answer his call to arms. He often sets up his own tent in the middle of the Bab al Azizia barracks, on the road to the airport. Tank bays are built into the barracks gates, which are further protected by concrete slabs that force drivers to zigzag slowly to the entrance. Inside are more tanks surrounding Gaddafi's Bedouin tent, into which he will often invite guests. "It is more natural here," he explained recently before proudly proclaiming that Libya was pretty...

Author: /time Magazine | Title: Libya: Beyond the Barracks Gates | 6/21/2005 | See Source »

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