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...recession will be in commercial real estate - and once again, Las Vegas is headlining. Even worse, the bottom fell out as casino owners were building, so a number of them couldn't replace construction loans with the financing that was once readily available to complete and open hotel-condo-casino projects. Deutsche Bank foreclosed on the $3.9 billion Cosmopolitan Hotel; only it couldn't find a buyer, so the bank is in the odd position of owning a casino - though given the way banks have operated in this decade, that seems like a logical business extension. Meanwhile, Station Casinos, Tropicana...
...nice enough, but every third one has a for-sale sign, and there are almost no cars in any of the driveways. She picks a house at random, and we go to the back. She figures the odds are high that a squatter has left a door or window open. Indeed, the bathroom window has already been pried open, and the screen is bent, so I bend it a little more and squeeze myself through onto the toilet seat and then open the porch doors and let Boemio and her husband in. There's a Rolodex's worth of real...
...Back to School program responded to criticism that the plan does nothing to ensure that each child's $200 allotment will actually be spent on school supplies. "Parents will do right by their children," says Mimi Corcoran, director of the Special Fund for Poverty Alleviation at Soros' Open Society Institute. "We really didn't have a concern about parents' spending the money incorrectly. They know what's best for their children. No strings attached was important...
...available to the general public at both the Bozeman and Belgrade city halls on a first-come, first-served basis, limited to two per person. In a departure from the invitation-only presidential town halls of the previous Administration, the White House is not screening town-hall attendees, leaving open the likelihood of anti-Obama protesters showing up. There are many who may want to do so. The opposition to so-called Obamacare has been quite active in Montana, which lies along the route of a 12-state, $1 million bus tour organized by Americans for Prosperity, a GOP-linked...
...Nick Davis, head of the English private security firm Anti-Piracy Maritime Security Solutions, told the BBC that a sinking was unlikely as the cargo would have been spotted floating in the open waters. "I strongly suspect that this is probably a commercial dispute with [the ship's] owner and a third party, and they've decided to take matters into their own hands," he said...