Word: reals
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...want to grab his chin - Gordy is always in some sort of awkward motion - and hold him still so you can look into those clear, clean eyes of his and figure him out. Prasad directs to this unnerving fluidity; in the first scene in which we get a real sense of Gordy's character, he and Martine are talking in the backseat of the convertible as it whips along the highway and the wind tears the words out of their mouths. It seems Gordy needs the world to move faster than he does in order to simply...
...consumer is very, very fearful - they have no idea where the bottom of this market is and they're very concerned that if they buy a piece of real estate now, that two or three years from now they'll see further significant erosion in the value of their property," says Andrew Herzberg, co-founder of Sirius Value Protection LLC, a closely-held company based in New York...
Andrew Herzberg shrugs off such concerns. He says it all comes down to how the assets are managed, how the real estate performs, and, if all else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight year period. He says he has two banks, Wells Fargo and Credit Suisse, on board to manage the assets and even lend money against the home in year eight if needed. On top of that, he says talks are underway to bring in a reinsurer. "The reinsurers...
...field, noting that he and his brother Kenneth have spent decades in the investment banking arena, with Kenneth having worked at such firms as the Carlton Group and Madison Equities and Andrew having worked as a trader at Rosenthal & Co., and Societe Generale. "We have collectively been in the real estate business - the parties combined - for about 60 years." He adds that the program would not be financially viable in the current environment, though, without...
...unknowability of third-quarter statistics, figures closely associated with growth - capital investment and permits for new construction projects - showed double-digit declines. Overall unemployment stood at 11.3%, while the out-of-work figure for those between the ages of 15 and 24 was estimated to be just over 24%. Real unemployment figures, however, are suspected to be significantly higher, given that large numbers of the unemployed do not register with the Labor Ministry. Says an Iranian journalist, who asked for anonymity: "They have manipulated the definition of who is jobless so they can keep the figure close...