Word: needful
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...private equity funds seized on the rental market in major cities in recent years, all this was jeopardized by the need to generate fat returns of 15%-20% per annum. Worse, this business model was based on a dirty secret - expelling as many existing tenants as possible. This is the thuggish reality behind otherwise respectable-sounding prospectuses offered to investors to explain how they could service high debt on mortgage-backed securities. "The borrower anticipates to recapture approximately 20%-30% of the units [roughly within the first year] and 10% a year thereafter," explained a prospectus for a portfolio...
Berkenfeld said that Coakley’s loss is a message to Democrats that “if we want change…we need to keep working...
That being said, I'm a man, and I can only do so much. But I know as the 41st Senator now [that] every Republican is the 41st Senator now [in their ability to deprive the Democrats of the 60 votes they need to shut down a filibuster...
...concept for the two-year-old retreat came to South African and Shanghai expat Grant Horsfield who, while on vacation in Vietnam, realized the need for a rustic escape from life and work in China's financial capital. Horsfield teamed up with Briton Gabriela Lo, who shortly after stumbled upon a decaying Moganshan village (the youngest resident was 61 years old). "Once I found the village," Lo says, "I thought, This is it." After initial skepticism from the locals, Naked leased six of the village's 18 houses and now employs nine of its 14 residents...
...aftershocks, there was no danger of violence. "You do have a strong central government, a government that's able to support the people, and I think that makes a difference," says Rayyis. "Whereas in a place like Haiti, that's going to be a struggle. You're going to need a lot more external intervention." (See pictures of Sichuan six months after the quake...