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...fast-growing country's huge appetite for electricity is behind the push. While China's total power capacity will nearly double by 2020, the amount that could come from wind and solar is expected to jump more than fivefold, aided by significant government assistance. Beijing announced in March it will subsidize 50% of costs for certain solar-panel projects, and 70% in remote regions. (See pictures of the new ways to boost energy efficiency...
...investors overreact when they jumped into the sector last March and drove REIT prices up 97% from that trough? Not exactly. REIT valuations were extremely cheap, as the sector had lost 73% of its value from its peak in February 2007. "REITs were priced in the first quarter like they were going bankrupt," says Robert W. Baird & Co. director David AuBuchon. (Read "Commercial Real Estate - the Economy's Anvil...
...this triggered a flurry of dedicated mutual funds, value managers, ETFs and hedge funds to move into the sector in a big way, notes Bilerman. Although the FTSE NAREIT All REIT Index surged 97.6% from the group's trough on March 6, it's still off 50% from its peak in February 2007, according to the NAREIT. So investors are willing to pay up for REITs based on their longer-term outlooks and potential windfall in the distressed real estate market, says Bohjalian. REITs touted as likely buyers in the distressed market are Simon Property Group, Vornado Realty Trust, Boston...
...they're sent to South Carolina, where they're outfitted with communications and other government-supplied gear, before U.S. Air Force cargo planes deliver them on daily flights to Afghanistan. Eventually, they'll go more slowly, and cheaply, by sea. "We'll have them there no later than March," Mullen said of the 5,000 M-ATVs. "We recognize that is the principal threat...
...Instead, in March 2009, India's Central Bureau of Investigation filed its final report on the riots, clearing Jagdish Tytler, one of the accused who had major political ambitions and was announced as a candidate for Indian parliament elections in 2009. Tytler had been accused of leading mobs of thousands during the riots, and though he was named by several eyewitnesses, he was ultimately exonerated because of lack of concrete evidence. Hundreds of Sikh protesters gathered outside the courts afterward, and Sikh journalist Jarnail Singh threw a shoe at Home Minister P. Chidambaram during a press conference in April, following...