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...first-time home buyer tax credit provided a lot of the boost. That means if you're trying to sell a house that a first-time home buyer probably wouldn't purchase - anything that's not priced as a starter home - you're not likely to feel the benefit of a faster moving inventory. And if you're trying to sell a high-end house, you're really out of luck. (See high-end homes from across the country that, despite steep markdowns, just won't sell...
...parties, private viewings, and prize-giving. This period has the effect of overwhelming those who can just barely fathom the city’s permanent artistic highlights. So, even without the incessant chatter and social whirlwinds that begin the Biennale, a water-bound escape to the Cimitero would benefit anyone who feels relentlessly confronted by visual masterpieces and glories. Of course, one of the delights of Venice is the sheer supply of these works—there is always one more Carpaccio to see. But Ezra Pound’s minimalist plot provides a welcome respite from the grandeur...
...Such rich multiples are unjustified in a recession. Duoyuan is seen as a direct play on China's $585 billion stimulus-spending program, which is focused on infrastructure projects like water and sewer systems. But for the company to benefit (it manufactures equipment for wastewater circulation and filtration), government money must actually go to infrastructure building and not be wasted through inefficiencies and corruption. Bawang, which competes with P&G and Unilever, among other companies that make personal-care products, is supposed to ride China's rising personal consumption. That may be a dicey proposition in a country of thrifty...
...final form, once it becomes law, Morin's bill will set up for France a system not unlike that established by the U.S.'s Radiation Exposure Compensation Act of 1990, which has approved over $1.38 billion in health-care or damages payments so far. That could have the unintended benefit of increasing the pressure on Britain to drop its long-standing refusal to compensate people who claim they were radiated during the U.K.'s nuclear testing from 1952 to 1991. The eventual passage of the French bill will leave London as the only Western nuclear power without an official body...
Madoff pleaded guilty on March 12 to 11 felony counts, including securities fraud, perjury, investment-adviser fraud, mail fraud, wire fraud, three counts of money laundering, false filings with the SEC and theft from an employee benefit plan. The scam's victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...