Word: recoups
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...While the resorts may initially struggle to recoup their costs, Singapore, nevertheless, is likely to see the benefit sooner. Casinos will likely help create tens of thousands of new jobs for Singaporeans, as well as entice tourists from across Asia. "The Singapore government sees the casinos as a means to an end," explains Credit Suisse's Chan. "They want visitors to come to Singapore and spend money on entertainment and hotels and shopping, not purely on gambling." Citigroup expects the casinos to help push up visitor arrivals to 12.8 million by the end of 2011, roughly a third higher than...
...city could recoup its investment if the developer sells enough million-dollar condos to Vancouver residents after the Olympics are over. That may have been a reasonable expectation in the real estate go-go days. Yes, the digs are nice, and the development has won kudos from environmentalists for the energy-efficient design of the complex, which has green roofs and will reuse rainwater, and for its easy access to public transportation. Metro Vancouver housing prices have rebounded from the worst recession lulls - year-over-year condo prices were up 15% in January - but it's still not the best...
...checking to determine its legitimacy. Details of the proposed deal were then leaked to the media, plunging Chancellor Angela Merkel's government into a public moral dilemma. Should it pay the $3.5 million the informant was reported to have demanded - which the media said could help the country recoup some $140 million in lost tax revenue - or turn down the offer because it amounted to rewarding criminal behavior? (See a TIME photo-essay on East Germany...
...idea to the rest of the bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry and smaller banks. Economists I know don't think that idea is either fair or sensible from a policy standpoint...
...challenge from his boss, played by Peter Dinklage, who is clever and sharp as usual, to go out on the road on a fraud investigating involving an allegedly totaled vintage car. The car belongs to a stripper named Tasty D Lite (Entourage's Emmanuelle Chriqui) who is seeking to recoup wages lost from her inability to work. John is teamed with a veteran investigator named Virgil (Romany Malco, who played Conrad in the early seasons of Weeds). (See the top 10 art accidents...