Word: nextly
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...earful. Richard Parkus, an analyst at Deutsche Bank, said he thought two-thirds of all commercial real estate loans due in the next few years - hundreds of billions of dollars' worth - could go bust. Jeffrey DeBoer, president of trade group the Real Estate Roundtable, fretted that problems in the lending business could cost the nation thousands more construction and real estate jobs. Next up, Congressman Jerrold Nadler of New York expressed worry that the country was headed for a lost decade of economic stagnation...
...Gates continued on, in that flat, unassuming Kansas twang that screams: No bull here. The next day, testifying on the Senate side, Gates performed a similar anti-missile evisceration of Senator Jeff Sessions, who responded, "I'd say you were ready for that question." (Read about the troubled SBX radar...
...negotiating over the budget is likely to turn brutal, although Obama aides insist the President will veto the budget if Gates isn't satisfied with the result. And then there are the wars - especially Afghanistan, which Gates has said he hopes will turn around in the next year, but which has obviously become a more difficult enterprise than anticipated. Gates originally had planned to retire after a year or so, but he seems to have settled in, found a level of comfort and influence with the Obama Democrats that he never quite expected. "I don't do maintenance," Gates told...
...became the first French woman so honored in more than 50 years. You might have expected her to open a restaurant in Paris on the strength of it (her base is Valence, in southwest France), but as with her cooking, she likes to confound expectations. For her next move, Pic has taken over the dining room at the grande-dame Beau-Rivage Palace hotel on the shores of Lake Geneva in Lausanne, Switzerland. The reconfigured space is as pared down and elegant as her cooking, even echoing its play on layering, textures and translucency with floating suede panels...
...cutting off trade and fuel shipments, now must decide whether or not, in truth, a nuclear North is against its "core interests." And it must do so with the world very much watching. Expect a senior envoy from Beijing to fly to Pyongyang at some point in the next few weeks or so for a conversation that will be anything but polite...