Word: lowing
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...National Association of Realtors, calls the Inland Empire a "ground zero" for the nationwide housing bust. To first-time home buyers, though, its blighted cul-de-sacs appear as promising as the orange groves did to Dust Bowl refugees. Armed with an $8,000 tax credit and low mortgage rates, they have flocked to cities like Riverside, where auctioneers sell off foreclosed properties by the dozens from the courthouse steps. (See 10 things to do in Los Angeles...
...week later, the Boston Redevelopment Authority approved after much debate a plan to relocate the Charlesview Apartment complex—a concrete cluster of 213 low-income housing units located near the Business School—into the heart of North Allston as part of a land swap agreement between Harvard and the Charlesview Board of Directors. The plan, which received approval from Boston’s Zoning Commission last week, has long been the subject of impassioned community discussions and has endured heated criticism from some neighborhood residents...
...Calabria region, moving with the seasonal agricultural jobs. Many have political asylum or are otherwise legally in Italy, but legal or not, the migrants are managed by a Mafia-run employment system, the caporalato, that operates like a 21st century chain gang. Saviano says that those who object to low wages or poor working conditions are simply eliminated - and not just by a pink slip. "It's a military system," Saviano tells TIME in Rome as one of the plainclothes cops guarding him stands nearby. "The farm and factory owners employ the Mafia caporali to bring the workers. The immigrants...
...Ironically, though, southern Italy's crime clans seem like a welcome wagon for the immigrants at the beginning, providing a deceptively accepting community for newcomers. "For the Mafia to keep them as low-priced labor, they create this atmosphere of tolerance," Saviano says. "They actually live better down there than in Milan. They are treated and paid like slaves, but the human relationships are warmer than those you would find in Milan. Africans say the Italian girls look them in the eyes in Calabria, while in the north they wouldn't." (See pictures of migrants being forced out in France...
...airline was fully owned by the Vietnamese government. In other words, Nam, Freeman and Marsilli lost the state a lot of money after investing in fuel futures when oil prices were escalating in 2008, eventually peaking at $147 a barrel in July, before oil prices slumped to a low of just over $30 in December 2008. But Jetstar Pacific wasn't alone in its fuel-hedging bets; other regional airlines such as Cathay Pacific and Singapore airlines also reported losses from similar transactions. Airlines use fuel futures to ensure a predictable fuel price, but they can lose...