Word: bustingly
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...recession has hit everything from philanthropy to stripping to the solvency of Nevada. Because Nevada has no income tax and relies almost entirely on taxing casino owners, the state is nearly bust. Governor Jim Gibbons, a Republican, whom only 11% of voters say they would re-elect, tried to turn down federal stimulus money, was accused of cheating on his wife and lost control of the legislature, having his vetoes overridden more times than any other Nevada governor. Budget cuts have closed the only hospital cancer wing for uninsured patients. "We're on the bottom of every bad list," says...
...China is the mother of all emerging markets. Do you see its stock market on a boom-bust trajectory, or is this the dawn of a major bull market, akin to 1982 in the U.S.? I would characterize it as being more similar to the U.S. in 1982. And China is still cheap. It isn't as cheap as it was four months ago, but that was the bottom of a long-term bear market, so I still think it looks really good...
...starting to pick up in certain pockets of the country. In central Texas, to take an example, D.R. Horton, one of the nation's largest homebuilders, is planning to build upward of 700 houses without buyers lined up. Such speculative houses largely went away during the real estate bust, but for builders trying to stay ahead of growing demand, they are starting to reappear. (See 25 people to blame for the financial crisis...
...claimed), and together with the olives, salad, and pasta, it was far better than anything I’ve recently eaten in a restaurant. The atmosphere of relaxed conversation and domesticity far surpassed the hyper buzz of eatery ambience, and we chose to view the bust fuse and lack of light as simply an extreme version of a traditional, dim setting. Even our willingness to sip wine from mugs could not detract from the dinner-party tone of adult independence...
...Larger homebuilders - the ones that sat on big stores of land going into the bust - have to find another way. These days, CBH Homes' headquarters, just south of Interstate 84, are chillingly quiet. The game is no longer volume - the busloads of investors from California stopped coming long ago - but efficiency. Owner Corey Barton squeezes costs wherever he can, which is why half of what CBH builds (which still isn't much) now belongs to its slimmed-down Advantage Collection. The trick: boxier floor plans cut out embellishments like bay windows and take fewer materials and less time...