Word: capitale
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A recent change in accounting rules means that banks are going to have to bring those loans back on their books by the end of this year. The biggest fear is that banks will start recording losses from these loans that investors weren't expecting. There's a second problem...
This is how empires rise and fall, pulling our fortunes along with them. Start with virgin territory: back in 1957, the Rosen brothers of Baltimore flew over Cape Coral, Fla., in a plane, liked what they saw, paid $678,000 for the farmland and started dredging 400 miles (640 km...
The answer to the question of where the city will put nearly a million extra people is PlaNYC. Unveiled by Mayor Michael Bloomberg on Earth Day 2007 - and pushed since then with all his considerable political capital - PlaNYC includes more than 120 green initiatives that range from planting a million...
Now comes the hangover. Funds launched in 2005 and 2006, which invested most of their capital at the market peak, will struggle ever to turn a profit. But research firm Preqin reports that of $2.5 trillion in private-equity assets worldwide at the end of 2008, $1 trillion was "dry...
Imagination also extends to the drinks menu, where - what else? - the Scandinavian grain spirit aquavit is mixed with the likes of cucumber, lychee blossom, mango and chili to create unique cocktails, best sipped in the candlelit bar, cocooned in a soft leather Arne Jacobsen Egg chair. Samuelsson knows all about...