Word: petered
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...scandal seemed ready-made for the British tabloids. First, Peter Robinson, the head of Northern Ireland's government, admitted that his 60-year-old wife Iris had embarked on an affair with a teenager two years ago. Then came the allegations that she had obtained $80,000 from two property developers to help her lover set up a café and that Peter Robinson, upon learning of the deal, failed to report it. Finally, following days of lurid headlines, the political fallout began...
...tradition that goes back to Ivan the Terrible and Peter the Great, in which political leaders used symbols of Russian grandeur - including an entirely submissive church - to create greater support for the regime," says Jean Gueit, rector of the Nice cathedral. "Russian society has been so disoriented and adrift following the changes of the past 20 years that Putin is playing the old nationalist game to snap people out of it by responding to simplistic messages and emotions. Part of that is rebuilding the equally shattered Russian Orthodox Church and help it snatch up all these parishes abroad...
Take into account property damage, and things become even more complex. The amount of destruction depends on the density of development, the mix of commercial and residential property, various construction characteristics and the location of a building's contents, says co-author Peter Dailey of AIR Worldwide, which specializes in catastrophe modeling. Surge damage typically affects lower floors; in a single-story warehouse, for example, most of the contents are at risk, while in a hospital they would be distributed over many floors...
...increase in cheaper foreign-sourced goods can lead to inferior quality and buying decisions being made in favor of price over quality," says Peter Wong, an executive director with HSBC in Hong Kong. Vietnam, too, could lose in this scenario, as many of its manufactured products compete directly against Chinese goods on the global marketplace on the basis of lower cost...
Nowhere was that more true than in the ill-conceived investment to turn the twinned 11,000-unit middle-class housing complex known as Stuyvesant Town and Peter Cooper Village, built originally to accommodate World War II veterans, into luxury housing, for which limits on yearly rent increases are chucked in favor or whatever the market will bear. The prospectus offered by the lead investors, Tishman Speyer and Larry Fink's asset-management fund BlackRock, imagined evicting 50% of rent-regulated tenants in just a few years. But tenants fought back and won in a court decision that also undercut...