Word: backings
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...Inspired by his online accomplishment, Matador flew to Africa the following year to help unload aid containers in Swaziland and volunteer in a feeding center for orphans in Lesotho. "It was the only meal they were going to have that day," he says. Back in Canada, he collects and refurbishes laptops for donation and recently helped raise $7,500 for a Ghanaian orphanage. "I learned you don't need to save the whole world," he says. "You just need to do one little thing...
...promised me would exist by 2010, people don't seem nearly as excited as they should be. Only 34% of Skype calls even use video. And when Skype announced on Jan. 5 at the Consumer Electronics Show that we'll soon have videophones on our televisions, everyone went right back to talking about which booths gave out the best key-chain lights. (Get the latest tech news at Techland.com...
...people are not only uninterested in Skype, we're also not interested in talking on the regular phone. We want to TiVo our lives, avoiding real time by texting or e-mailing people when we feel like it. "Skype, which was the fantasy of our childhood, gets you back to sitting there and being available in that old-fashioned way. Our model of what it was to be present to each other, we thought we liked that," she said. "But it turns out that time shifting is our most valued product. This new technology is about control. Emotional control...
...think we want that all that often from people who aren't already in our house. The fact is, we don't really want to see other people that badly. That's why it's so difficult to make plans with them. That, plus texting times and places back and forth takes forever...
...others being offices, retail sites, apartment buildings and hotels. But the problems Bonney showed me apply across the board. First, commercial mortgages are about to hit a refinancing wall. Deutsche Bank's Parkus estimates that more than 65% of the loans that have been packaged into commercial mortgage backed securities won't qualify for refinancing when they come due. Second, banks are already facing painful choices about what to do with short-term land and construction loans that will never be paid off in full. Finally, the vulture investors who usually swoop in and refire markets after a bust...