Word: endedness
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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...
Funny he should mention that word. There is currently $3.5 trillion in outstanding commercial real estate debt, with much of it related to properties purchased at exorbitant prices during the real estate boom that ended in 2007. Many private equity players and hedge funds used heavy leverage - borrowing up to...
Surinder Kaur was at her home in Delhi when the rioters broke in. Diwali, the biggest festival of the season, had just ended, but she and her husband had left the lights around the house up. In just 15 days, their eldest son was getting married, and the celebrations were...
Amazon's hot digital reader will also face stiffer competition over the holidays. Barnes & Noble, for example, just unveiled its new entry into the market, the Nook. But Kindle sales are still strong. "Kindle has become the No. 1 best-selling item by both unit sales and dollars - not just...
Wilson's shipping restrictions were terminated in 1921, and the U.S. remained national-emergency-free until 1933, when Franklin Roosevelt proclaimed a national emergency so that he could institute bank holidays. Roosevelt never formally ended the emergency, and in 1973 an astonished Senate committee discovered that, technically, it was still...