Word: costs
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...island, vacation homes mostly take the form of individually constructed villas or those built by smaller developers. The houses, usually designed in a Bali modern style that is now an architectural touchstone for tropical hotels worldwide, are often rented out most of the year to offset building and maintenance costs. Although the Bali model allows for personal creativity, it also means that owners must hire full-time staff to tend to their paying guests, who fork out an average of $200 a night for a two-bedroom villa. In Phuket, however, the vacation market is dominated by condominiums or villa...
...things occurred. First there was a fire, Wija recounts, then a burglary. The foreigner has since sold his villa and left Bali. Wija smiles. "It is best to keep the spirits happy," he says. We can't agree more - but we still don't know how much happiness will cost...
...Kamoshida isn't the only one caught by surprise as Japan deals with the cascading effects of the crisis. The mall, Sakura City, opened in late 2006 to much fanfare, and initially housed 60 stores, including the area's only supermarket. Its closure has cost about 400 people their jobs, and effects are rippling out into the community, says Tadayasu Yamamoto, chairman of the Hitachi Chamber of Commerce and Industry. "Shop owners of the nearby shopping arcades are in trouble and so are the consumers," Yamamoto says. "We cannot allow the city's ray of light to be extinguished...
...cost of stemming the financial crisis continues to soar. The U.S. Federal Reserve has already sunk more than $800 billion into the financial system; the Treasury Department is committed to the $700 billion bailout package in addition to the $200 billion being spent to prop up Freddie Mac and Fannie Mae; rescuing AIG may cost more than $120 billion. With the already lofty U.S. budget deficit now expected to top $1 trillion next year and recession a virtual certainty, you'd expect America's currency to be taking a beating...
...qualify for such a loan, the receiving company should be barred from granting executive bonuses or paying dividends to investors until the loan (and interest) is repaid. This would infuse the needed money into the system and free up credit markets. But in the long run, it would cost taxpayers nothing. Robert P. Hebbel, North Oaks, Minn...