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...that too. But at the time it was legal, just like drinking an iced tea is legal. The baseball players, the football players, the hockey players - everybody I knew in every professional sport was using it to up their game, or to heal injuries, or to stay at their peak. And everybody thought it was safe...

Author: /time Magazine | Title: Hulk Hogan | 10/30/2009 | See Source »

...forget, too, that a fair number of Wall Streeters got wiped out because their wealth was tied to their firm's stock price. Dick Fuld, the former CEO of Lehman, had shares and options worth about $1 billion at their peak. He got less than $1 million when he sold them after the firm went bankrupt. (He still took home, before taxes, $490 million from his stock-based compensation, so don't cry for him.) James Cayne, CEO of the defunct Bear Stearns, was in a similar situation. If Fuld and Cayne had known their firms were as badly...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

...investors overreact when they jumped into the sector last March and drove REIT prices up 97% from that trough? Not exactly. REIT valuations were extremely cheap, as the sector had lost 73% of its value from its peak in February 2007. "REITs were priced in the first quarter like they were going bankrupt," says Robert W. Baird & Co. director David AuBuchon. (Read "Commercial Real Estate - the Economy's Anvil...

Author: /time Magazine | Title: REITs and Commercial Real Estate's Victims | 10/28/2009 | See Source »

...this triggered a flurry of dedicated mutual funds, value managers, ETFs and hedge funds to move into the sector in a big way, notes Bilerman. Although the FTSE NAREIT All REIT Index surged 97.6% from the group's trough on March 6, it's still off 50% from its peak in February 2007, according to the NAREIT. So investors are willing to pay up for REITs based on their longer-term outlooks and potential windfall in the distressed real estate market, says Bohjalian. REITs touted as likely buyers in the distressed market are Simon Property Group, Vornado Realty Trust, Boston...

Author: /time Magazine | Title: REITs and Commercial Real Estate's Victims | 10/28/2009 | See Source »

...Laikipia, has begun a study to measure the effects of the training on wildlife. (The army contends that there have been no serious disturbances to the animals since it boosted its training program.) And by 2011, the army says, it will no longer conduct major training exercises during the peak tourist season. (Read "Kenya's Blackboard Jungle...

Author: /time Magazine | Title: In Kenya, Can War Games Coexist with Wildlife? | 10/27/2009 | See Source »

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