Word: resorted
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Dates: during 2000-2009
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...Wall Street is still a scary mess, but don't resort to putting your cash under the mattress...
...Benelux governments took a 49% share in Fortis' banking units in their own countries. The part-nationalization of Belgium's biggest lender, which, with a worldwide staff of 85,000, is Europe's largest to be bailed out so far since the credit crisis began. It was a last resort, coming after all efforts to flog the bank or its parts to rivals amounted to nothing. Fortis agreed to dump the once-prized stake in ABN, which weighed heavily on its balance sheet...
Secretary Henry Paulson is requesting unprecedented powers to resolve and dispose of billions of dollars of mortgages and mortgage-backed securities that would turn the Feds into the liquidator of last resort for business deals gone bad. Those powers, should Congress grant them, would come on top of authority Paulson was quietly granted earlier this summer to resolve the Fannie Mae and Freddie Mac messes. And the federal fire sale may not be limited to problem portfolios at home; there are reports that some of those entities subject to Treasury's purchase-and-resale powers may be foreign...
...began working for a real estate brokerage firm in Dubai, it seemed impossible not to make money. Foreign buyers from Europe and the U.S. were flocking to the Gulf to get a slice of the oil boom and take advantage of the region's loose tax laws and resort lifestyle. Developers competed to launched one headline-grabbing mega-project after another: a ski slope inside a shopping mall, luxury skyscrapers, condos on artificial islands shaped like a giant palm tree. "It was crazy," says Khan, 25, now a marketing executive for Clifton, a real estate agency in Dubai. "Projects would...
...Scarborough, everyone knows who Alan is. Playwright Alan Ayckbourn was an 18-year-old actor when he first came to this resort town on the coast of North Yorkshire, England, in the 1950s and joined a theater company run by Stephen Joseph, Britain's pioneer of theater-in-the-round. After starting to write his own plays, then working as a radio-drama producer for the bbc, Ayckbourn returned to Scarborough, where in 1972 he became artistic director and chief playwright-in-residence for what is now called the Stephen Joseph Theatre. It is there that nearly...