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Finally, the plan bolsters the amount of money allocated to Fannie Mae and Freddie Mac in an effort to keep mortgage rates low and entice new home buyers into the market, since new buyers are what's needed to drive down the number of extra houses for sale. The two agencies, which financed or guaranteed nearly three-quarters of new home loans last year as private players retreated, will be allowed to hold more mortgages on their books and could eventually see additional infusions of cash from selling preferred stock to the Treasury Department - an authority granted in legislation last...
...room property in Vancouver. Japan will see its first open in March in Tokyo, and Europe later this year in Paris. Others are planned for Miami, New York City and Vienna. In all, Rao plans to open 32 new hotels by the end of 2011, increasing the chain's number of rooms by more than...
Asia's media expansion has mirrored the fall of its dictators, as newspaper readers thrill at no longer getting just the day's propaganda. In Indonesia, the number of newspapers has increased from a few dozen when strongman Suharto was deposed in 1998 to roughly 800 today. The market is so buoyant that a new English-language paper, the Jakarta Globe, revved up its printing presses last November, just as several cash-strapped American papers were readying their final editions. "The Indonesian middle class is growing, and many households subscribe to two newspapers," says Ali Basyah Suryo, strategic adviser...
...guilty pleasure this year was Tropic Thunder, which I thought was hilarious and brilliant. I love big action movies. I was just watching Die Hard 3 with my kids, which I've seen a ridiculous number of times. Thoroughly, thoroughly enjoyed...
...incomes in the U.S. Steven Kaplan and Joshua Rauh quickly concluded that for all the outrage about the pay of corporate chief executives and their lieutenants, it didn't account for more than a sliver of the gains. And highly paid athletes and entertainers were too small in number to have much impact...