Word: initialers
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On July 23, Beijing made its boldest investment play yet. The China Development Bank (CDB), a huge, state-owned institution that until recently has focused on making large, subsidized loans for infrastructure projects, typically in the country's poorest regions, is plunging into the middle of a takeover fight for...
It is the only way he'd allow me to live with his son who, unbeknownst to him, is actually the one who's gay. But obtaining parental permission was just the initial hurdle of my New York rooming adventures with Kameron. In eight weeks, the two of us have...
Larson’s fund, Sowood Capital Management, received an initial investment of $500 million from the University when he left in 2004. On Monday, Sowood sent letters to its investors explaining that the $3 billion fund suffered losses of more than 50 percent and had to sell off its...
The statistics show that subprime-caliber borrowers weren't the only takers for those notorious no-money-down, interest-only, adjustable-rate mortgages. Purchasers with high credit scores, who could have qualified for the standard 30-year mortgages, were also enticed by the exotic loans because they offered substantial initial...
From a development perspective, these initial steps give the community time to begin investing in long-term progress. An old state-owned textile mill in Tabora, which went bankrupt years ago, has recently been privatized and is being brought back to life by the new owners. Remarkably, even at a...