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...managed to keep the project going through a desperate battle for financing deals with Dubai World, a number of people who signed up for condominiums are looking to bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months earlier this year by pumping $140 million, almost a quarter of its monthly revenues, into the project. MGM sold off Treasure Island at a bargain price: Phil Ruffin, the buyer, paid the equivalent of $225,000 for each room on the property; CityCenter's rooms cost about $1.5 million...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...this situation we decided to give the south the right of self-determination and gave ourselves a period of six years with the goal of building trust between southern citizens and northern citizens and to cultivate a culture of peace, because most of the youth in the south today were born and raised during...

Author: /time Magazine | Title: Omar al-Bashir Q&A: 'In Any War, Mistakes Happen on the Ground' | 8/14/2009 | See Source »

...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...

Author: /time Magazine | Title: Omar al-Bashir Q&A: 'In Any War, Mistakes Happen on the Ground' | 8/14/2009 | See Source »

TIME: How will the U.S. recovery play out? Biggs: The surprise is going to be how strongly the U.S. - and the world for that matter - emerges from this thing over the next six to nine months. History says the steeper the decline, the steeper the recovery, and I think we'll see that play out. In addition, we've had unprecedented amounts of stimulus, both fiscal and monetary, as well as coordination by governments and central banks around the world. I think we are going to have a very steep recovery that is going to last for another...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...also expect we'll get some surprises on the business side. Businesses overreacted to the severity of the recession - they cut capital spending, they cut advertising, they cut employment very, very dramatically. They overcut. In the next six months, we are going to be in a period where businesses hire back aggressively and spend on capital equipment and advertising and all those things very aggressively. (See 10 big recession surprises...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

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