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...Beijing Games. Suspended by cables, Li soared into the air and ran a slow-motion aerial lap around the Bird's Nest before lighting the Olympic cauldron in front of an estimated 4 billion television viewers - much to the annoyance of Adidas, which had spent some $80 million to sponsor the Games. (See pictures of the Beijing Olympics opening ceremonies...
...credit program, which offered an $8,000 credit to first-time home buyers - was so successful at luring home shoppers into the decimated market last year that the government extended it into 2010 and expanded it to include a $6,500 credit for non-first-time buyers. About 2 million families used the credit in 2009, and an additional 2.2 million to 2.4 million will take advantage of it this year, according to Lawrence Yun, chief economist with the National Association of Realtors. Approximately 800,000 of the transactions have involved home purchases that would not have been made without...
...homes have climbed year over year for eight consecutive months, reversing 43 consecutive months of decline. Curran expects housing starts to rise to 620,000 in 2010, from 540,000 in 2009. However, he notes that the 2010 projection is still far short of the 2005 peak of 2.1 million...
...response to what I consider to be unacceptable delays and cost overruns over the past year, this department has taken a number of steps to fundamentally restructure this program," Gates told a House panel on Wednesday. "I have replaced the [F-35] program manager ... while withholding more than $600 million ... from the lead contractor" - that would be Lockheed Martin, the nation's biggest defense firm, the same company that built...
Located a 10-minute catamaran ride off the northern coast of Antigua, the 120-hectare island of Jumby Bay is a welcome anomaly for the Caribbean, because unlike its overdeveloped neighbors it has nary a cruise ship in sight - and just one resort. Thanks to a $28 million facelift, that all-inclusive hideaway, known as the Jumby Bay Resort, has reopened with 28 new ocean-side suites featuring 5.5-meter vaulted ceilings and outdoor tubs, two restaurants, a cooking school helmed by Le Cirque - trained chef Juan Pablo Loza and an open-air spa that overlooks the surf...