Word: built
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Dates: during 2010-2019
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Andrew Herzberg, along with his brother Kenneth, both former investment bankers, came up with the program after seeing sales grind to a halt on thousands of newly constructed and half-built single family homes and condos in markets such as Las Vegas, Phoenix and parts of Florida. The aim is to assist developers and homebuilders clear unsold inventory, which - at least theoretically - should then help to stabilize home prices industry-wide. (See the best business deals...
Sirius Value Protection offers to calm investor jitters by guaranteeing the long-term value of the property through the put option, says Herzberg. At the same time, the program gives the developer, fund manager, bank, or homebuilder - whoever currently owns the newly-built home - a competitive edge over rivals, he says...
...General Motors, recovery always seems to be a case of two steps forward and one step back. The same day it reported an impressive 32% increase in sales during February, the automaker also announced it was recalling some 1.3 million compact cars built between 2005 and 2010, and suspending sales of 2010 Chevrolet Cobalt so it can fix a power steering assist...
...print, it is prefaced by the word disgraced, but given that he has expertise that could help prevent another Wall Street crisis, is there a way for the man known as Client No. 9 to have a policy role? After he let down his family and destroyed everything he built and fought for, can Eliot Spitzer lead a meaningful public life...
Quietly, U.S. diplomats, aid workers and military trainers have been working in the frontier tribal areas with the army and whatever brave tribal maliks they can find. The idea, say Pakistani military officials, is to identify fast projects - small dams or marble quarries, for example - and get them built and working under the protection of those tribes that will benefit directly. Only this way, say officials, can the tribes turn away from the militant-run enterprises - banditry and running guns and drugs - that earn them money...