Word: crediteers
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Dubai's rise had been decades in the making, but the property market really exploded following a 2003 law change that made it easier for foreigners to own land. With credit cheap and readily available, no income tax, and many more sunshine hours than Britain or Russia, Dubai attracted a new wave of Europeans, who arrived with big hopes and little understanding of Muslim values. In one infamous culture clash, two Britons were imprisoned for having sex on a public beach and insulting police officers after a drunken Friday brunch...
...Credit munch n.-- Recession-induced comfort eating Usage: "Stressed-out Britons have piled on 20 million stone in a year trying to 'comfort eat' their way through the recession, according to [a] report out today. The condition--dubbed the credit munch--has seen three in five Britons put on weight in the past 12 months." --the U.K.'s Daily Express...
...Medvedev said Russia could help with some of the cost, but not all. "When it comes to credit, let us help syndicate the corresponding money for Ukraine, but this should not be only Russia doing this," he said. "At the end of the day, it is not us who have problems paying." Yet, observers see Medvedev's comment as more of a barb than as a viable suggestion. "I would be surprised if the E.U. felt that [helping Ukraine purchase gas from Russia] was an appropriate use of their funds," says Niall Trimble, director of The Energy Contract Company...
...Liddy came to the company at a time when it was close to being scuttled by losses from credit derivatives on its balance sheet. He came to work for $1. He had only been in the job for a few months when AIG posted a loss of more than $61 billion for the last quarter of 2008. The company was well on its way to taking in $180 billion in government money. In return, taxpayers got 80% of AIG and a few promissory notes that are not worth the paper that they are written on. (See pictures of the global...
...student orchestra and how to most effectively work with students who are incredibly dedicated to music but also [have] other academic and extracurricular commitments,” Buzney said. In fact, some current HRO members once played for Cortese as members of the Boston Youth Symphony Orchestra and credit him with motivating them to continue playing music in college. Buzney also mentioned that Cortese, who fulfills conducting engagements worldwide and has extensive experience planning tours for the Boston Youth Symphony Orchestra, is especially eager to increase the number of HRO performing tours and to bolster the orchestra?...