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Some industry experts believe that returns from these investments could rival the huge profits pocketed by investors during the Government Resolution Trust Corp. bailout of the savings-and-loan debacle of the late 1980s and early '90s. Back then, vulture investors picked up distressed assets at pennies on the dollar, and returns often exceeded...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...similarities are huge, except this time the opportunities seem to be on the debt side as opposed to the equity side," says Bob Bach, chief economist with Grubb & Ellis Co., a commercial real estate services and investment company...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...passion cuts both ways. "It feels like they wrecked part of our community and built this shiny new thing," says Julie Weatherbee, 42, who works at the University of Michigan library. "And we don't want it." Weatherbee wasn't a huge fan of the old paper but thinks it could have been improved instead of destroyed - and that locals might stay away from AnnArbor.com because of what Advance did. (See 10 perfect jobs for the recession - and after...

Author: /time Magazine | Title: Ann Arbor Kills Its Newspaper — To Save It | 8/17/2009 | See Source »

...methodology. Median salaries for smaller institutions - like Black Hills - can be based on as few as 100 people. And the salaries are not adjusted for factors like cost of living. Another problem with the ranking is that it excludes anyone with a graduate degree. As a result, a huge portion of alumni can be left out; a recent Dartmouth survey of its 2008 grads found that 80% of them were either attending graduate school or planning to apply in the next five years. (Read "An Antidote to College Rankings...

Author: /time Magazine | Title: Ranking Your Alma Mater on How Much You Make | 8/17/2009 | See Source »

...party was storming ahead in national opinion polls. One recent survey by the Forsa Institute showed the conservative CDU/CSU bloc with 38% of the vote, while the Social Democrats, Merkel's partners in the current grand-coalition government, are trailing with 21%. The conservatives' campaign also got a huge boost on Aug. 13, when new figures were published showing that after months of recession, the German economy was growing again. (Read "France and Germany Climb Out of Recession...

Author: /time Magazine | Title: Busting Out: German Pol Plays the Cleavage Card | 8/17/2009 | See Source »

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