Word: cashes
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Dates: during 2000-2009
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...didn't help that Hoffman brought along former House majority leader (and staunch conservative) Dick Armey with him to the editorial board meeting - Armey called the local issues "parochial" and said the editorial board ambushed his candidate. Hoffman also says he opposes pork-barrel spending, the kind of federal cash infusions a rural, economically depressed, military-heavy area like the North Country depends...
...stock-loan department, AIG's other disaster, took the cash it got for lending out stock owned by AIG and invested the money in esoteric securities rather than in risk-free Treasuries, the standard practice. The idea was - I'm not kidding - to make an extra one-fifth of 1% in interest. When the esoterica, which the stock-loan folks thought was riskless, crumbled, so did the firm. (See the worst business deals...
...more nervous. As Pakistani troops advanced into South Waziristan 10 days ago to target the stronghold of Tehrik-i-Taliban Pakistan (TTP), the villager from Karam was fleeing with his family in the opposite direction. After walking for several hours, a bus happened to stop nearby. Parting with whatever cash they had, they bought themselves a ride to this wild and dusty frontier town three days later. "The bombing was hard," Din recalls. "It destroyed five houses near my own." (See pictures of Pakistan's vulnerable North-West Frontier Province...
...favor of the town's warmer plains. But the influx now is seen as fanning the flame of the town's existing ethnic and sectarian tensions. "It changes the dynamic," says Faiysal AliKhan, head of Fida, the main refugee support group in the area. "Dera Ismail Khan is already cash-strapped. There is a shortage of schools and water. There is a lot of crime. Some of the locals are growing resentful. They say that troubles will follow the Mehsuds down from South Waziristan." (See pictures of Pakistan beneath the surface...
...with much of it related to properties purchased at exorbitant prices during the real estate boom that ended in 2007. Many private equity players and hedge funds used heavy leverage - borrowing up to 80% of the purchase price - to acquire the properties and are now struggling to generate the cash flow needed to service the debt and meet debt calls. Bach estimates that about $500 billion in commercial real estate debt will come due each year for the next few years...