Word: beaches
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...They built their house on the beach," says Tim Morris, an analyst with stockbroker WiseOwl.com. "Now that the storms have come, they can't help but watch their house subside into the ocean." And Macquarie? More diverse sources of revenue mean "it's better built to weather the storm," Morris says. But the borrow-to-buy infrastructure model "is dead in the water...
...will turn into a flood. When it's completed 20 years from now, KAEC will be roughly the size of Washington, D.C., with a population exceeding 1.5 million. It will have a seaport, an industrial district, a financial center, a health-care zone, a full-fledged university and a beach resort. Not since Brasília and Chandigarh in the 1950s and '60s has any country set out to build an entirely new city on such a scale...
...Republicans across the state and country pounced on Mahoney's clumsy response. Representative Tom Cole of Oklahoma, chairman of the National Republican Congressional Committee, happened to be at a fund raiser for Mahoney's opponent in Palm Beach County, where Mahoney lives, the morning of Mahoney's press conference, and he wasted no time in attacking the alleged $121,000 in hush money given to Allen. Party members blasted Mahoney, and House Speaker Nancy Pelosi called for a separate Ethics Committee investigation - which, since Congress is on recess, would have to take place after the election. Florida's Republican Party...
...initial revelations were just the beginning of Mahoney's woes. The FBI is reportedly investigating if any campaign dollars or taxpayer funds were used in his settlement with Allen, and a second woman, a high-ranking official in Martin County, directly north of Palm Beach County, reportedly also had an affair with Mahoney while he was in office. On Wednesday, ABC News reported allegations that Mahoney went out of his way to help the woman secure a $3.2 million hurricane-cleanup reimbursement from FEMA. (Mahoney's representative responded that the Congressman had helped many counties in Florida get reimbursed...
...Rooney-Mahoney debate is scheduled for Oct. 24, but the campaign did not return a phone call Wednesday to confirm if it was still on. Palm Beach County GOP chair Sid Dinerstein is happy he still has a seat to the event, he said. Since 2006, the area has seen four city and county commissioners imprisoned for corruption charges; the Foley scandal; a still unresolved Aug. 26 judicial election in which voting ballots briefly disappeared; and now the Mahoney affair. "The voters, they are waiting for a natural leader," Dinerstein said. Or at least one who can manage to stay...