Word: coasted
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...another case of irrational exuberance,? says John Restrepo, head of a Las Vegas real estate and economic consulting firm. ?There is a market for high-rise condo hotels here; but it?s not as deep as people thought it was. The days of the two guys from the East Coast or Canada coming into town and promoting a condo development with a website and a dream are over...
...beautiful-people playgrounds sprouting around the world. Shelling out an average $221,600 for a deeded share, these Range Rover-in', Fendi-friendly folks who live to ski, golf and power shop are buying a couple of weeks of prime time in first-class venues stretching from the West Coast through the Rockies to the Gulf of Mexico. More often than not, though, the tab ranges from $300,000 to $750,000 and up in the higher elevations of Lake Tahoe, Calif., Jackson, Wyo., and, of course, Aspen, where the Hyatt Grand has sold nearly half its 1,000 shares...
...says he bought for $500 in Shanghai's Dongtai Road Antique Market, includes notes claiming it was drawn in 1763 as a copy of a map from 1418. It purports to be based on the travels of Zheng He, an admiral who sailed throughout Asia and the east coast of Africa between 1405 and 1433. But Liu's map also shows the Americas, Australia and Europe, where Zheng He isn't known to have traveled. "The chart I bought," said Liu, "shows a completely different picture from those recorded in the history books...
...Brazil have announced that they are paying back their entire outstanding debt to the IMF?a combined total of $25 billion?in order to wriggle free of its policy conditions. Argentine President Nestor Kirchner accuses the IMF of causing many of his nation's economic woes. In the Ivory Coast, it's the U.N. that is the focus of government wrath. Following a recommendation last week by a U.N.-backed international working group that the Ivorian parliament?which is dominated by supporters of President Laurent Gbagbo?be dissolved, more than 300 U.N. peacekeepers were forced to pull out of bases...
...raised on Dane-zaa Indian land north of the remote logging town of Fort St. John, British Columbia, and moved to Vancouver as a teenager, is of mixed Indian-Swiss parentage. His origins inform his best-known work, Prototypes for New Understanding, above, a series that features Northwest Coast Indian masks painstakingly reassembled from unstitched Nike Air Jordans...