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Make no mistake; I'm livid at the Street, which is inflicting pain on people who don't deserve it and ruining things for moderates like me, who believe in markets but with intelligent regulation. And did I mention gouging people before new credit-card rules come in? I did. It's obscene...
...full redemption, not to mention true resurrection, requires a personal appearance. And on the 125th day he rose from the dead, at least on screen, with Michael Jackson's This Is It, a docu-musical record of the star's rehearsals for his comeback London concert series that was to begin in July. Sony, the music and movie conglomerate that has had a decades-long stake in Jackson's economic fortunes, shrouded the project in mystery until its premiere, which was held simultaneously on Tuesday night and Wednesday in 16 cities around the globe. (Sony took over all 13 auditoriums...
Funny he should mention that word. There is currently $3.5 trillion in outstanding commercial real estate debt, with much of it related to properties purchased at 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...
...four months later, the trial of el-Sherbini's alleged killer is being closely watched by Muslims across the world - not to mention Germany's 4 million-strong Muslim community - amid fears that anything but a severe punishment for the defendant, an unemployed Russian émigré identified only as Alex W., could spark more unrest. In Egypt, where el-Sherbini has been dubbed by the media as the "headscarf martyr," people are expecting "justice to be administered in a swift way," Ramzy Ezzeldin Ramzy, Egypt's ambassador to Germany, told al-Jazeera. (See pictures of Islam's soft revolution...
...none of this is to mention that Afghanistan is a country swimming in the heroin trade. Illicit narcotics is conservatively put at $3 billion a year - about 15% of Afghanistan's GDP. Finding someone not one way or another involved in it is next to impossible. (See six ways...