Word: buyer
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James McInnes is going broke. The 45 hectares of sprawling pasture he owns in the southwestern English county of Devon lie fallow, its 70 head of cattle close to worthless. He can't find a buyer for the ancestral farm, which he is now desperate to sell. An outbreak of foot-and-mouth disease has turned the verdant countryside into a gruesome field of slaughter. The prevailing sound is the crack of pistol shots felling livestock. Farms appear barren save for the smoldering pyres on which hundreds of perfectly healthy animals were incinerated last week. So far McInnes' herd...
Harvard's buyer, Mission Hill Neighborhood Housing Services (NHS), developed the design after a long planning process with community members...
...channels of pop-culture noise? Is there some inalienable right to affordable Cinemax that the Founding Fathers missed? Finding the price point for cable TV is no more the government's job than holding down those ridiculous Coke prices at the multiplex. It's for the buyer and the seller to work out for themselves...
...buyout game is more complicated today. The typical LBO has three layers of financing--equity (put up by the buyer), senior debt (borrowed from a bank), and junior debt, or junk bonds (most often provided by junk-bond mutual funds). Banks are reluctant to lend for speculative buyouts with the economy slowing, though the Fed's rate cuts are easing that condition...
Half has also done an end-run around the fraud issues eBay has never been able to fully shake. The company bills the buyer and pays the seller, which means there's no danger that a seller will have to grapple with a bounced check. What's more, Half offers a buyer-protection guarantee on all sales. "You might be buying it from Bob in Des Moines, but you're also buying it from Half," says Kopelman...