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...renters - has been a staple of strong real estate markets for years. What was different over the past few years was how widespread this Dickensian business model had become, largely fueled by Wall Street money seeking high rates of return. Another difference was how much the general investing public - through university endowments and pension funds - became party to such morally dubious schemes. Consider it another footnote to the Gilded Age we just passed through. (See pictures of Americans in their homes...
...From a public policy standpoint, you can make a strong case that it is not desirable [for Wall Street money to be in this market], and equally strong you can say that housing regulators or authorities in New York and most other cities have been asleep at the wheel for the last five and 10 years - this stuff is going on everywhere," says Guy Cecala, CEO of Inside Mortgage Finance Publications, a stable of industry newsletters, who worries that the very idea of affordable housing is under threat...
...Zingaro arena, hitherto evocative of an Elizabethan theater-in-the-round. Now it is the audience that is at the center, arranged upon a pyramidal seating structure. Encircled by a riding track and massive screens upon which shadows are projected, the structure gently rotates throughout the show, the public in effect becoming captives at the center of an ever turning galaxy of dreamlike, equine imagery...
...point lead in the race. If she loses, many will place a significant share of the blame on her weakness as a candidate. She ran a lackluster campaign, seemingly unaware of the danger she was in. When the Boston Globe asked her why she held so few public events, she replied dismissively, "As opposed to standing outside Fenway Park? In the cold?" - a reference to one of Brown's online videos. If that weren't enough to alienate Red Sox Nation, she probably finished the job when she suggested in an interview that the team's legendary pitcher Curt Schilling...
...timing and pace of withdrawal to the successful completion of this election. Though it is unlikely that Sunni parties will again boycott the election or return to violent tactics, the parliament's sleight of hand could be a warning that however much the White House and the American public would like to close the tragic book on Operation Iraqi Freedom, a stable and democratic Iraq is far from mission accomplished...