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...many new owners have been unable to meet their overly ambitious rent roll increase targets, and many of these investments are in danger of buckling under the high debt servicing costs. Finance industry watch lists are already full of private-equity-financed deals in danger of default. That has local officials scrambling to find "preservation buyers" who are willing to take on these properties with the expectation of a more modest 7%-8% annual return...
Already, a New York City-led effort, the National Salt Reduction Initiative (NSRI), is promoting a voluntary reduction in sodium content by restaurants and packaged-food companies of 20% over five years. State and local health departments, as well as consumer- and professional-health organizations, have endorsed the effort...
Palfrey stood in a local elementary school awaiting further instructions with the men and women chosen to carry the torch on Day 82 of the relay, which will last for 106 days as the Olympic Flame makes its way across Canada to Vancouver for the 2010 Olympic Winter Games in February. According to Palfrey, the torch is engraved with a maple leaf that must be turned towards the runner's heart during the relay...
...change Washington, as opposed to Washington changing you? First of all, I have a wife and kids, and they keep me very grounded, and I've always had that balance. Just like with [his daughter] Ayla when she was on American Idol. Gail [Huff, his wife, a local television reporter in Washington] and I would always notice when she was getting a little too full of herself. My family regularly says, "You know, Dad, do you want us to enlarge the door and open up the double doors so you can come in?" So I have a good check...
...last time, as a tourist, that an old man stopped you in the street just to say hello? In a time of overnight city breaks and sequestered spa retreats, shaking hands with old-timers in straw hats with names like Joao Baptista (who turns out to be the local historian) may seem like a simple pleasure, but it is an increasingly rare one. Then again, Ibo Island in the Indian Ocean off northern Mozambique is a very rare place. (See pictures of luxury private islands...