Word: omaha
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Dates: during 2000-2009
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...Another trend: a creeping problem in the Midwest. It's true that property markets never went wild in Des Moines, Iowa, or Omaha, Neb., the way they did in Merced, Calif., and Fort Myers, Fla., but this means even modest declines in home values can erase equity, especially for recent buyers who have less of a cushion against falling prices. In Iowa, 18.6% of homeowners have negative equity; in Nebraska the figure is 16.6% (both jumped more than three percentage points from September). (See pictures of struggling Cleveland...
...would never have considered attending a classical music concert?RK: Yes. In order to get audience members to come who normally wouldn’t, I go on AM call-in radio shows and offer four free tickets to people who seem to hate classical music the most. In Omaha, Nebraska, the winner was a woman who complained that classical music had no plot. I thought that was truly insightful—there are just notes going by, just random sounds. My job is to get people to follow the plot of the music and to understand the language that...
...Berkshire Hathaway Corp.: "Newspaper readers are heading into the cemetery, while nonnewspaper readers are just getting out of college. It's hard to make money buying a business that's in permanent decline." Here's how three of Europe's newspaper firms are trying to prove the sage of Omaha wrong...
Since 2008 Grameen has collected 1,700 borrowers in New York City, and last June it opened a second branch in Omaha, Neb. Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi...
...different because Grameen employees themselves are making the loans, not training an American bank to do it. In New York City, Shah Newaz, who started working for Grameen in 1982, hands out checks to borrowers at Grameen America headquarters - a sparsely furnished one-room office above a laundromat. In Omaha, Habib Chowdhury, who has worked for Grameen since 1985 and is a veteran of its Kosovo start-up, has found more than 250 borrowers since June and has already lent $378,000, mostly to Mexican immigrants stocking up on inventory for small businesses selling things like cosmetics, clothing and Herbalife...