Word: closetfuls
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...Banks thought they could buy these bonds and lock them in their closet," says Rohan Douglas, chief executive of Quantifi, which helps investors and banks evaluate the riskiness of their portfolios. "Now those doors are being pried open, and what we are finding is one big mess...
...received from artillery fire in 1975. The family survived the infamous Shatila massacre of 1982 by sheer luck, fleeing from Lebanese militiamen almost as soon as the slaughter began. When they returned afterwards, most of their neighbors were dead, and there was a body in the living-room closet. One of Ahlam's brothers was later shot in the head by a sniper while washing his hands in their entryway. Their building has been destroyed five times. They keep rebuilding because there's nowhere else to go. (Read "Fatah and Hamas: Heading for a Showdown in Lebanon...
Where's the trendiest place to shop these days? Try your closet. To wit: Kelly Thorsen, a school secretary from Lakeland, Fla., needed a nice pair of boots for the holiday season. A new pair would have cost some $200, and a splurge was not an option for the mother of two. "Last year, I might have gone out and started looking around," says Thorsen, 46. "Now we are being a lot more careful with where our dollars are being spent. To go out and purchase a new pair of boots was not in my realm." (See the 25 people...
...literally dusted off a decade-old pair of ragged black leather boots sitting in her closet and visited a shoe-repair shop for the first time in her life. For a fashion-conscious woman, the thought of recycling clothing hurt her pride a bit. "I walked in with my tail between my legs," she says. "It was something, initially, I was not proud of." Then she saw the price: $16. And the work: the boots looked as good as new. "I walked out of there going, 'O.K., all right,'" Thorsen says. She proudly wore her healed heels...
...restoration, asked that her last name not be printed because "it's nobody's business that I'm recycling clothing." But the economic realities eventually prevail. Pat was looking to extend her wardrobe when she chose between new and used. "Should I buy, or look in the closet and see what I can do with the clothes that are already there?" she says. She picked the closet and is pleased with the results. (Read more about the new trend of used clothes...