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General Growth (GGP), the big mall owner, filed for bankruptcy, as many experts thought it would. The company has $27 billion in debt and, with real estate prices depressed, it may be impossible to raise even close to that amount of money through asset sales...
...tenants who are behind on their rent payments, or worse, have defaulted. Replacing the tenants is difficult without dropping rents significantly which further compromises the ability of these office building owners to make their own mortgage payments. In is not unlike the problem mall owners face as retail outlets close due to lack of sales...
Type 2 diabetes is growing fast in the U.S. - more than 23 million Americans have the disease and another 57 million are hovering dangerously close to developing it - and the diagnosis automatically puts patients at increased risk of other health problems, including heart disease, stroke, kidney problems and eye abnormalities...
...former U.S. President Bill Clinton before he conceded his affair with Monica Lewinsky in 1998. Lugo kept even his closest aides in the dark about the truth. As late as last weekend, presidential spokesman Emilio Camacho was telling reporters that Carrillo's paternity claims "must be false." Sources close to Carrillo suggest the suit might never have been filed if Lugo had assumed a more appropriate level of child support in the past...
...surprising about this. It has long been Mexico's fate to make it onto the front pages of U.S. newspapers only when the news from there is bad. Pessimists could add to the drug wars the parlous state of the Mexican economy - dragged down, as it is, by its close ties to that of the U.S. Alfredo Coutino of the Dismal Scientist projected this week that Mexico could contract by 4% to 5% this year, maybe more, which would put its recession in the same bottom tier as other hard-hit economies such as the U.K. and Japan, and rival...