Word: bache
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...popular “Piano Concerto No. 2 in G minor.” The solo piano passage that opens the piece—whose lack of a conventional orchestral prologue or a customarily slow second movement deviates significantly from the standard concerto structure—calls a Bach organ fantasy to mind. Sweeping broken arpeggios paired with a vibrant treatment of melody distinguished de la Salle’s delivery, though an enthusiastic orchestral accompaniment sometimes overpowered piano chords that were already slightly lacking in fullness...
Historically, real estate lags behind an economic recovery. In the 1991 recession, it took the industry 14 months to rebound after the recession's end, and in the 2001 downturn, it took 29 months for the sector to recover, says Bob Bach, chief economist with Grubb & Ellis Co., a commercial real estate services and investment company. Even if the current recession ended in the second quarter, it could take anywhere from 14 to 29 months for real estate to bounce back, says Bach. Unemployment, which is expected to hit 10.5% in 2010, exacerbates the situation, he says. All of this...
...during the real estate boom that ended in 2007. Many private equity players and hedge funds used heavy leverage - borrowing up to 80% of the purchase price - to acquire the properties and are now struggling to generate the cash flow needed to service the debt and meet debt calls. Bach estimates that about $500 billion in commercial real estate debt will come due each year for the next few years...
...Felici-Bach specializes in what's known as ethno-clinical psychology, which focuses on the effects of cultural origins on human development. She says there are very clear differences in the approaches to child-rearing from one country to the next. "In Germany, children are educated from early on to [execute] a task on their own from beginning to end. In southern [European] countries, children are dependent on what people tell them to do. Southern societies have preserved an independent way of raising children, resisting the modern educational practices that encourage independence at an early age." (See pictures of kids...
...Moretti and Marco Manacorda, who have studied the phenomenon, the issue also comes down to culture. They've found that some Italian parents will actually pay their grown children not to move out. "Italians, unlike parents from most other countries," Moretti says, "like living with their grown children." Felici-Bach's experience with her Italian husband, though, is slightly different. Born and raised in Rome, he left home for good at 20. But, as it turns out, John Felici has an English mother...