Word: rental
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Dates: during 2000-2009
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...wedding I attended in Iran, for example, was at a rented garden in Karaj, on the outskirts of Tehran. Men and unveiled women mingled late into the night, periodically slipping flasks out of their purses and jackets. The cops never showed up. No one knows exactly who owns the rental gardens of Karaj, but the owners clearly work with the authorities' tacit permission. The rental fee--about $6,000 an evening, exorbitant by local standards--should guarantee that the party will be safe from the police. The popularity of the gardens, however, has dwindled in recent months. Authorities have stepped...
...Square is losing its tradition of supporting locally owned establishments, the real issue going forward is the loss of businesses that support the Cambridge community Our main concern with corporate enterprises entering the Square is not their influence on tradition but rather their ability to meet student needs. Rising rental rates have led not to an oppressing commercial atmosphere, but rather to an insipid conformity. Today a total of four different banks occupy prime real-estate in the square—an entirely superfluous number considering their identical function. Property owners—Harvard amongst them—should consider...
While private equity plodded along, Silverman built HFS into one of the stars of the 1990s stock-market boom. The company expanded into real estate, then rental cars (Avis). Its share price rose almost 2,000% in four years, and Silverman's net worth rocketed toward $1 billion. He was hailed as a genius. Then, in 1997, he merged HFS with direct-marketer CUC to form Cendant. CUC was an e-commerce pioneer, giving Silverman a tangential link to the Internet bubble. Under CEO Walter Forbes, now awaiting jail, CUC was also a pioneer at fabricating earnings, Silverman later discovered...
...paychecks remained large enough to attract criticism though, and even as Silverman steered Cendant to a profit peak of $2 billion in 2004, investors were unimpressed. So he heeded their grumbling and broke up the company. The hotels became Wyndham Worldwide, rental cars the Avis Budget Group, travel distribution (Orbitz, Galileo) Travelport, and real estate Realogy. Blackstone bought Travelport last year, and now Realogy belongs to Apollo...
...present values, half a U.S. cent. Outside, two men in suits and sunglasses, possibly secret-service agents, watched as I left court. Though the local authorities had let me go, there was no guarantee I would avoid being interrogated again by Mugabe's secret police. I jumped in my rental car and, calculating that the authorities would expect me to head south to South Africa or west to Botswana, drove 373 miles north to Zambia. An hour after nightfall, the road became muddy. It seemed to be raining. A rumbling filled the air. I looked left, and there, silver...