Word: short
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Dates: during 2000-2009
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...bring great fortune. A few years ago, Peter Jackson, the Lord of the Rings movies, planned a big-screen version of the Halo video-game universe and tapped Neill Blomkamp to direct it. When that project collapsed after a few months, Jackson proposed that Blomkamp turn his science-fiction short Alive in Joburg into his first feature film. It would be set in Blomkamp's native South Africa, focus on the country's traumatic tradition of apartheid, have characters who speak in unfamiliar accents or unknown languages, boast no star power - the lead actor had never acted in a movie...
...entire city of John Dillingers, feeling guiltless for stealing from the banks. Boemio is well aware that short selling isn't ethical and is exacerbating Vegas' economic problems. People, she believes, should make their payments, accept their paper losses and ride out the crash. "Guess what, a______s of Las Vegas. That's what gambling is about. That's what investing is about," she says. "It's greedy. But we're all doing it. Because why not?" It's very hard, she says, to suffer as the one honest person in a town of successful con artists...
...into a house. So the agent created a separate contract, never shown to the bank, that said the new buyer had to purchase a $60,000 Persian carpet from the seller - a check his mortgage company, which was sucking up hundreds of thousands of dollars in losses on the short sale, would never see. When the buyer - who was happy just to get a deal on the house - asked if the Persian carpet was really worth $60,000, the agent looked at him as if he were insane. "I bought it at Wal-Mart," the agent told...
...casino in Macao, China, in 2004. Adelson didn't hesitate, taking all he could get and building an entire mini-Vegas in Macao called the Cotai Strip, along with huge casinos in Singapore; he also doubled his Vegas space by adding the Palazzo to his Venetian hotel. In a short time, he has accumulated a debt-to-earnings ratio of 6.8 to 1 in the U.S. Then the loans stopped coming, and his stock price sank from $144 to $1.42 in March. (It now hovers at about $12.) That's his crane parked between the Venetian and the Palazzo resort...
...goal is to achieve development in the south that would convince southern citizens to vote for unity. We think that six years as a transitional period is a short time to rebuild an area the size of southern Sudan. It is not an easy task...