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...ultimately, even lenders' best efforts might be crippled by a harsh reality: plenty of homeowners are never going to be able to pay for their houses, no matter how generous the terms, because someone - the homeowner, the mortgage broker - lied about or simply ignored income and assets. Cena Valladolid, chief operating officer for Consumer Credit Counseling Service of Southern Nevada, says more than half of the homeowners who seek help from her nonprofit are living in houses they never had a realistic shot of affording. The best advice she can offer in the depressed Las Vegas real estate market...

Author: /time Magazine | Title: It's the Housing Market, Stupid | 10/21/2008 | See Source »

...freight train-the Super C-at 80 m.p.h. "To do that," says Reed, "you have to maintain your track pretty darn well." Unlike many other railroads, the Santa Fe spends money heavily on keeping its roadbed in good repair even in bad times. Says Operations Vice President Larry Cena: "You can't just be doing maintenance work when business is good. That's when you need the plant." During the Russian wheat sales boom in 1973, the Santa Fe picked up much extra business from rival roads that lost precious time doing essential repair work to prepare their...

Author: /time Magazine | Title: CORPORATIONS: What a Way to Run a Railroad | 8/9/1976 | See Source »

Practical Payment. It was Merola's personal taste and his astute judgment of his audiences that brought to the San Francisco stage such rarities as Mascagni's L'Amico Fritz, Vittadini's Anima Allegra and Giordano's La Cena delle Beffe. It was also his doing that a good many famed singers made their U.S. opera bows in San Francisco, e.g., Italian Soprano Renata Tebaldi, Greek Contralto Elena Nikolaidi, Italian Tenor Mario Del Monaco. Some Merola discoveries resulted from his travels. Others were noted by diligent San Franciscans who are glad to spend as much...

Author: /time Magazine | Title: Music: Merola's Requiem | 9/28/1953 | See Source »

...Francisco Opera Association first, then the Los Angeles Opera Association. The producing companies and the repertoires are essentially the same with Gaetano Merola director of both, and many of the same singers. Some 5,000 heard Aida in San Francisco's Dreamland Auditorium. Then came La Cena delle Beffe, Tosca, Madame Butterfly, Turandot, L'Amore del Tre Re, Fedora, Andrea Chenier, Faust, Carmen, Cavalleri Rusticana and Pagliacci. Los Angeles has the same list without Aida and Fedora. There were many members of the Metropolitan Opera in the casts, such famed ones as Elisabeth Rethberg, Edward Johnson, Ezio Pinza...

Author: /time Magazine | Title: Music: Debussy Embrace | 10/15/1928 | See Source »

...Francisco. Twelve operas (no repetitions) constitute the San Francisco Opera Company's season, from Sept. 15 to Oct. 1. They are Carmen, La Cena delle Beffe, Turandot, Falstaff, Tristan und Isolde, Romeo and Juliet, Cavalleria Rusticana, Pagliacci, La Boheme, Tosca, Manon Lescaut, Aida, Il Trovatore...

Author: /time Magazine | Title: Able Mr. Kahn | 9/19/1927 | See Source »

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