Word: droppingly
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...Super Bowl party has been canceled. The gala was widely regarded as football's equivalent of the Vanity Fair Oscar party. Last year's bash - for which tickets cost somewhere in the neighborhood of $2,000 - was hosted by Grammy-winning hip-hop artist Common and featured a drop-in by Hugh Marston Hefner himself, along with his three obliging companions from E!'s The Girls Next Door and a herd of other Playmates. For those who preferred women with fewer opinions, there was a life-size Femlin model (note to Hef novitiates: Femlins are a hybrid of females...
...expect that edge to continue. In 2009 the average apartment rent will drop 2.1%, according to PPR projections based on apartment buildings with five or more units in 54 markets. The nationwide vacancy rate is already at 6.8% - the peak during the last recession - and it is likely to grow by another percentage point this year, according to CBRE/Torto Wheaton Research, a property analytics firm that surveys professionally managed buildings with five or more apartments. (See pictures of the recession...
Like all good things, though, the renter's advantage will come to an end. While PPR projects apartment rent to drop 2.1% this year, next year's decrease is expected to be just 0.5%. That could be the beginning of a trend back toward higher rents, especially if the economy - and jobs - rebound. Plus, in just a few years, the children of baby boomers - an abnormally large cohort of young adults - will begin graduating from college and looking for a place to live, increasing demand for rentals. Considering how many construction projects are being put on hold these days...
...also need to time the discounts correctly. The liquidation firms are running against the clock. They can't drop the discounts forever, and the longer the sale lasts, the more expenses it has to pay. How long will they let the $1,300 plasma TVs sit at 10% off? They won't tell the customer, of course. The Great American Group wants you to buy, now, before it's forced to move the discount down to 20%. The customer also has to make some bets. For example, Erickson, the Great American CFO, worked on the liquidation for the Montgomery Ward...
...along to the Russian dance, even as Jared Redick wows with a series of split jumps reaching extraordinary levels of elevation and flexibility. An implausibly hyperextended Kathleen Breen Combes in the Arabian dance was sultry and intoxicating, as was her partner, Jaime Diaz. And was there ever a Dew Drop who lived up so greatly to her name as Misa Kuranaga? Backed by a corps de ballet of lanky, tall flowers, the slight Kuranaga seemed to float among them like a drop of mist. Not every performance was as stunning, however. As the Sugar Plum Fairy, Larissa Ponomarenko was very...