Word: sales
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...plan unraveled within two months. Only two units were "sold," prosecutors say, and a bank wire transfer of $690,000 to an account held by Rivera led to the arrests. The bogus sale price of the homes may have been the giveaway. "Generally, where there's been the fastest price appreciation is where we've seen the greatest incidents of mortgage fraud," says John Mechem, spokesman for the Mortgage Bankers Association...
...that he has now largely won. With Bear Stearns, which the Federal Reserve forced into a fire sale to JPMorgan Chase, he cashed his checks quietly. But in the case of Lehman Bros., Einhorn engaged in a riveting public campaign to goad the firm into confessing its shortcomings. In mid-June, it more or less did. Einhorn, 39--a soft-spoken, baby-faced hedge-fund manager previously best known for winning $659,730 at the 2006 World Series of Poker--had briefly made himself the most important crusader for financial morality on Wall Street. Which may say less about...
...have been launched in recent months. "There are a few hundred iPhone porn sites now in use," says Farley Cahen, vice president of business development for AVN Media Network, the adult industry's trade body. Many others are currently in the works targeting the iPhone 2.0, which goes on sale July...
...brings together the work of 30 of his generational peers from mainland China - designers aged around 30 and therefore born at the dawn of the country's economic liberalization. Very little of the book consists of applied graphics - the retail posters, brochures, advertisements, packaging and point-of-sale material that are the designer's daily duty. Instead, the work is mostly theoretical: experimental typography, avant-garde illustration and imaginary commissions. One can, to some degree, condone this editorial policy. Having spent the past few decades preoccupied with either communism, industry or cultural identity, Chinese designers deserve the freedom to simply...
...bottling plant there of depleting and polluting groundwater. Two years later, the local government forced Coke to shut down the plant. In 2006, when a New Delhi research group found high levels of pesticides in Coca-Cola and PepsiCo's locally produced soft drinks, several Indian states banned their sale. The incidents were particularly worrisome because they hurt Coke's brand in a rapidly developing market that's considered key to future growth...