Word: co
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Dates: during 2000-2009
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Historically, real estate lags behind an economic recovery. In the 1991 recession, it took the industry 14 months to rebound after the recession's end, and in the 2001 downturn, it took 29 months for the sector to recover, says Bob Bach, chief economist with Grubb & Ellis Co., a commercial real estate services and investment company. Even if the current recession ended in the second quarter, it could take anywhere from 14 to 29 months for real estate to bounce back, says Bach. Unemployment, which is expected to hit 10.5% in 2010, exacerbates the situation, he says. All of this...
...last March and drove REIT prices up 97% from that trough? Not exactly. REIT valuations were extremely cheap, as the sector had lost 73% of its value from its peak in February 2007. "REITs were priced in the first quarter like they were going bankrupt," says Robert W. Baird & Co. director David AuBuchon. (Read "Commercial Real Estate - the Economy's Anvil...
...second straight year, the Ford Motor Co. has scored as the only Detroit automaker with quality and reliability to match that of Toyota and Honda, which between them have locked up nearly 25 percent of the enviable "Most Reliable" car list compiled by Consumer Reports magazine. To compile the list, the magazine surveys its readers about their cars and uses that data to predict reliability for car models currently on sale. (See the most important cars of all time...
...along with five others calculated the concentration of pollutants due to ships and then estimated the number of extra deaths caused by the additional exposure. If nothing is done to reduce emissions, that number could rise to 87,000 as soon as 2012, according to a 2009 report co-written by Corbett. Since six of the seven busiest ports in the world are in Asia, the health burden falls largely on port cities like Singapore, Hong Kong and Shanghai...
...recounts in a book co-written with his mother, Omar - now 28 years old - found it hard to give up hope that a man who had killed so many people might one day turn his back on violence and become a normal father. The younger bin Laden fled Afghanistan only when it become clear that Osama was planning a massive attack on the U.S., but he still couldn't accept that his father was responsible for 9/11 until months later, when he heard the familiar voice on audiotape claiming credit for the attacks. "That was the moment to set aside...