Word: shan
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...virtually every metal was voracious, they got stuck with stiff price increases. But the deal could give Chinalco, which already owns 9.3% of Rio, additional stakes in the mining company's choicest deposits of copper, iron ore and bauxite. The secretary general of China's Iron and Steel Association, Shan Shanghua, has already hinted that Chinese buyers could have some additional clout at the bargaining table...
Some trades are cross-country, but others are within the same town. Consider the case of Christopher and Melissa Petrocco and Lyca Shan. The Petroccos began feeling cramped in the three-bedroom town house they shared with their two boys in Alpharetta, Ga. Eight miles away, Shan was living alone in a 3,300-sq.-ft. (307 sq m) home that was becoming too expensive and time-consuming to maintain. Though both parties had listed their home with a real estate agent--the Petroccos for two years, Shan for three months--they were unable to sell and had resigned themselves...
From there, a swap unfolds like a standard real estate transaction. Both sides have to be approved for loans. On Dec. 30, the Petroccos sold their townhome to Shan for $197,000 and bought her house for $289,000. The Petroccos now pay $500 more than they used to each month on their mortgage. Shan pays $550 less a month and squirreled away the profit...
...Shan, the trade could not have come at a better time. Shortly after the closing, she was laid off from her job as a project manager at a large communications firm. "This was a lifesaver for me," she says of the swap. "Now that I have a layoff package and a smaller mortgage payment, it takes a lot of the pressure...
...Jake rents from Trinity Property, which also owns the rest of The Garage, the 50 Church St. building, the Harvard Square Parking Garage, and the Smith Place near Alewife. Tompkins said that he did not know who would fill the vacancy. —Staff writer Shan Wang can be reached at wang38@fas.harvard.edu...