Word: market
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More expensive than Miami real estate and priced three-to-eight times higher than property in the rest of the Panamanian market, the Trump Ocean Club is partially financed by a $230 million bond offering from Bear Sterns. That bond is now being handled by JP Morgan following the collapse of Bear Sterns in the 2008 global financial crisis. "Without Trump, we would have lost our shirt," Khafif admits. Since then, more than 2,000 construction workers add a new floor each week, silencing many of the earlier skeptics who claimed the project would never get off the ground...
...Wall Street Journal blog reports, “Lewis praises ‘A.K. Barnett-Hart, a Harvard undergraduate who had just written a thesis about the market for subprime mortgage-backed CDOs that remains more interesting than any single piece of Wall Street research on the subject?...
Bartnett-Hart’s thesis, entitled “The Story of the CDO Market Meltdown: An Empirical Analysis,” was awarded summa cum laude after she turned it in a year ago, today. She won the Harvard Hoopes Prize for her thesis – a prestigious award given each year for outstanding theses, papers, or final projects by junior or seniors...
...rent them out are happy to pay $300 a year to have the company spread the word - which it did in a Super Bowl commercial. "Jobs get created by providing a product or service that's better than what's out there," says Sharples. "There was an existing market for vacation rentals, and we've created efficiencies in that market. Now that it's cheaper and more efficient, more people are doing it, and the market is expanding...
...Tough Job Market, Teens Are Suffering Most...