Word: financees
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Music isn't the only formerly flush - now flagging - industry out there (hello automobiles, journalism, finance, retail, publishing, etc.), but it might be the most stubbornly responsible for its own demise. As Steve Knopper writes in Appetite for Self-Destruction, his chronicle of the music business' downfall, it's not...
Just keep in mind that real estate is still, to a great extent, a local phenomenon, and renters in some markets will benefit more than others depending on regional economics. Take, for example, Manhattan, the main borough of New York City, whose fate is largely aligned with finance firms. Following...
A lethal combination of mismanagement, overexpansion and economic gloom is driving the boom in retail liquidations. During better days, a company could file for Chapter 11 bankruptcy, and the banks would finance its operations until the shops could restructure. These so-called debtor-in-possession, or DIP, loans kept the...
If you are to do Hong Kong the Noble House way, you must dispense with the fashionable but frivolous side trips that have crept onto the tourist itinerary in the past decade, during which the city has tried to be less of a conscienceless cosmopolis and more of a balanced...
Park was arrested on Jan. 10 for a Dec. 29 posting in which he accused bureaucrats of ordering banks to stop buying dollars while the won was falling during last December's global economic crisis. The official news agency Yonhap reported that Park was also arrested for a July 2008...