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Eric W. Hutchins, chairman of the Rowe Parcel Committee in Rockport, oversaw the management of a small field of eight acres the town bought for watershed purposes and as an open space for recreation. Hutchins said he noticed during the winter of 2003 that the manure pile kept on the field was being gradually depleted and is now nearly gone...
...Nias, which sits near a fault line, no early-warning system is likely to be fast enough. Last week, 30-year-old construction consultant Yason Waru and his cousin Darni were sifting through the pile of rubble that was once their house. Built just a year ago, it was reduced to a 3-m-high heap of bricks, zinc roofing and chunks of cement in less than five minutes. "When the quake hit we had no time to save anything but ourselves," says Waru. Certainly, they received no earthquake warning from local officials. Because the reality is, it's still...
...media feed the euphoria. Indian TV viewers are now treated to a regular CNBC program called Wizards of Dalal Street, showcasing the wisdom of local investment gurus. Another channel, NDTV Profit, offers a rival show called Big Fish, as well as one called Sensex and the City. Indian publications pile on with headlines like THESE IPOS CAN MAKE YOU A SUPERSTAR INVESTOR...
...looked smart again when Chinese banks decided to clear their pile of nonperforming loans off the books as a first step to steadying the wobbly financial system. Anticipating a dealmaking frenzy, Chao and his team did their homework before potential buyers came knocking. A consortium led by the Morgan Stanley Real Estate Fund hired Chao and won the bidding on the first and biggest chunk, $1.3 billion in loans from Huarong Asset Management, in 2001. Such successes have made Chao fairly fearless. Last fall, during a staff retreat in Phoenix, Arizona, he led three lawyers from China on a three...
...looked smart again when Chinese banks decided to clear their pile of non-performing loans off the books as a first step to steadying the wobbly financial system. Anticipating a dealmaking frenzy, Chao and his team did their homework before potential buyers came knocking. A consortium led by the Morgan Stanley Real Estate Fund hired Chao and won the bidding on the first and biggest chunk, $1.3 billion in loans from Huarong Asset Management, in 2001. Such successes have made Chao fairly fearless. Last fall, during a staff retreat in Phoenix, Ariz., he led three lawyers from China...