Word: landed
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Dates: during 2010-2019
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...other big difference is that while most residential mortgages are chopped into securities and sold, the bulk of commercial mortgages - and virtually all land and construction loans - stay on banks' books. Banks have leeway to delay recognizing losses on these loans - that is, they don't have to "mark to market." With banks facing total commercial real estate losses of $200 billion to $300 billion or more by Parkus' estimate, regulators have so far encouraged banks to exploit that leeway. (See the financial crisis after one year...
...planted in a vast swath of Riverside and San Bernardino counties, which stretch from East Los Angeles to the Arizona and Nevada borders. Starting in the 1970s, that area, now known as the Inland Empire, became a mecca for a new kind of homesteader: young families lured by cheap land and an easy commute to L.A. By 2008, it was home to 4.1 million people and one of the fastest-growing regions in the country...
...half on a hunger strike to protest a climate-change policy that prohibits him from clearing vegetation from his farm. Spencer--with the support of hundreds of other protesters--has argued that the laws, instituted to cut greenhouse-gas emissions, have reduced the commercial viability of his land. He is demanding compensation for his losses, something the government says should be decided by the courts...
...charge of key legislation. The most striking example was the bruising fight over the new state budget, which dragged on more than 100 days past its deadline. The budget finally passed in October left nobody satisfied, balancing the books by cutting state services, raising several taxes, opening state park land to gas drilling and greatly expanding the state's controversial gambling...
...That street-fighter turned into a powerful administrator. From 1977 to 2000, Basu served as West Bengal's chief minister - the longest-serving state leader in Indian history. He presided over sweeping land reforms, lifting millions of farmers out of poverty. "Transforming one-crop land to multicrop land and providing land to the landless was his greatest contribution," says Mohammed Salim, a colleague of Basu's in government. By the 1980s, West Bengal had gone from a famine-plagued state dependent on food subsidies to a surplus grain producer. "But that's where it all ended," says Rajat Roychowdhury...