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...exorbitant prices during the real estate boom that ended in 2007. Many private equity players and hedge funds used heavy leverage - borrowing up to 80% of the purchase price - to acquire the properties and are now struggling to generate the cash flow needed to service the debt and meet debt calls. Bach estimates that about $500 billion in commercial real estate debt will come due each year for the next few years...
Although it’s difficult to pinpoint the origins of this new group of information-age readers, recent innovations in the publishing world confirm—if not explain—its existence. Meet the “vook,” which, according to a description on the company’s website, “is a new innovation in reading that blends a well-written book, high-quality video and the power of the Internet into a single, complete story.” Recently, Atria Books, an imprint of Simon and Schuster, has teamed up with...
...Devender Singh, 26, an unemployed drug addict whose father was killed before his eyes in 1984, says his brother was murdered in the colony a couple years ago and that it's likely he'll meet the same fate. "We're all thieves and addicts here," he says. "When you get no work, what else will you do?" The lawless attitude of the young people is an echo, residents say, of India's broken justice system. The young people saw no punishment for the crimes committed against their families, so they see no justice for the crimes they'll commit...
...Afghanistan, a hero in both the Muslim world and the West. "When I was a young boy, I worshipped my father, whom I believed to be not only the most brilliant, but also the tallest man in the world," Omar writes. "I would have to go to Afghanistan to meet a man taller than my father. In truth, I would have to go to Afghanistan to truly come to know my father...
...authority from the will of the people," said NDI in a statement released the day after Karzai's announcement. "Everything possible should be done in the limited time available to apply lessons learned from the first round of polling to ensure that the results of the runoff election meet the desires of citizens and ensure legitimacy for the elected government...