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Still, Herzberg's Sirius Value program is far from a slam-dunk fix for the housing slump. Under the program, which received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away...
...professional writer, a crucial part of my job is analyzing other people's writing in order to make fun of it and feel superior. And by far the worst writing inflicted on the largest audience each year is the Academy Award acceptance speech. So on behalf of Oscar viewers everywhere, I offered my punch-up services for free to several of the nominees this time. All of them turned me down. Their main concern seemed to be revealing their speeches in advance to a journalist. They must be aware of the making-fun part...
Furthermore, the film moves Zymagen to Seattle—far from Cambridge’s dense biotechnology sector—which, according to those who study the industry, is key to promoting innovations that cure disease...
...Greece (or any other eurozone member) with eurozone money would be more than just the small step toward centralized fiscal policy that it may appear to be. It would also be a very large step toward political union—a goal that the EU must not reach too far for until it attains the approval to do so from the popular ballot on which its authority rests...
Currently, the IMF is largely sitting on the sidelines in an advisory role to Athens as France and Germany seek a European solution to what they think of as a European problem. But, as the pitfalls of a Greek collapse would extend far beyond EU borders, European leaders should be more open to the idea of an IMF-directed bailout than they currently...