Word: foundering
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...might take even longer for true strength to be evident in the housing market. "Recent estimates suggest that it would take about 33 months to clear all troubled mortgages at the current pace of liquidations," wrote Merrill Lynch analyst Michael Hanson in a recent note. Alex Barron, founder and senior research analyst at Housing Research Center LLC, has similar worries: "We need to be concerned about the homes that are significantly underwater but haven't yet defaulted," he says. "It may take another two, three or four years before we're well on our way towards a real recovery...
Despite Essex’s protests (“I don’t like to use the word ‘breakthrough,’” he says), the founder of Harvard’s facility in Botswana has overseen multiple major advances in the field, saving countless lives in the process...
After returning to Los Angeles, Breitbart met Matt Drudge, founder of the conservative Drudge Report. It was the mid-1990s, and the Web was in its infancy. Breitbart went to work for Drudge and served as his legman for 15 years, learning how to excavate news items from databases and wire-service feeds. More than that, he adopted Drudge's contrarian worldview. "Matt rejects entrenched thinking," says Breitbart. If Drudge (who did not respond to messages seeking comment about his protégé) taught Breitbart a new way of seeing, it was another former employer, Arianna Huffington (who also...
When asked if he had ever used Yéle money for personal benefits, Cultural Rhythms 2010 Artist of the Year Wyclef Jean tearfully replied, "absolutely not." Few doubt that Jean, Fugees star and Yéle Haiti Foundation founder, cares about the Haitian people, but many are raising questions about financial decisions made at the Yéle Haiti Foundation that have steered money towards Jean and his associates including, as Gawker reports, his rumored mistress, Zakiya Khatou-Chevassus...
...people would be surprised by Google co-founder Sergey Brin's bravado. After all, if you were a 36-year-old billionaire, you'd probably be forgiven a little audacity yourself. Even when it came to the implacable, muscle-flexing behemoth that is China. It was in February, just over a month into Google's extraordinary standoff with Beijing, that Brin appeared at a tech conference in southern California. "I'm always optimistic," he responded, when asked about the effectiveness of plans to stop censoring Chinese search results in retaliation for the hacking and e-mail pilfering that takes place...