Word: optioning
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...renter, you might want to think about one other option: homeownership. "Prices have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost...
...target of international outrage. The resolution, on which the Bush Administration abstained but declined to use its veto as it so often has done on Israel's behalf, also demanded that Israel open the border crossings into Gaza, and called for reconciliation between Fatah and Hamas, an option long opposed by Israel...
...1800s, it stood by while banks failed. That's not a real option today. The modern world simply isn't prepared to survive a financial shutdown. But handing banks cash and hoping things will work out is no solution either. What's needed is a new beginning: new management, new investors, new boards of directors, in some cases new institutions. That's how Citi, and the financial system in general, returned to health in the past. And that's what the next stage of the bank bailout will have to emphasize if it's going to stand a chance...
Indeed, to understand the evolution that led to Tuesday's announcement, it is worth returning to the 2005 negotiations in which GM was forced to buy itself out of the cumbersome put option in its alliance with Fiat. The then brand-new CEO of the Turin company, Sergio Marchionne, emerged as a tough-as-nails dealmaker as he sat across the table from top GM executives. The Italian-born, Canada-raised Fiat chief told his American counterparts they would cough up the full value of the put option or battle it out in court. GM blinked, and the huge payout...
...minutes from the time flight 1549 struck what is now believed to be a flock of birds and when it touched water, the two pilots in the cockpit were tasked with deciding what options they had as they glided dangerously over northern New York City. The choice of landing in water likely seemed the best option considering those circumstances. Pilots are trained to bring planes in for a smooth landing on water the same way that they would on land, keeping landing gear stowed to make the plane more boat-like. They also have different ditching checklists depending on whether...