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Still, Herzberg's Sirius Value program is far from a slam-dunk fix for the housing slump. Under the program, which received a provisional patent from the U.S. Patent and Trademark Office last month, the developer or homebuilder must give 20% of the purchase price to Herzberg's group as a fee for the put option - a payment that many developers may be reluctant to cough up. "20% is astronomically high!," says one analyst, who did not wish to be named. "What builder would give away 20% when they're doing 5% or 10% [pretax] margins? If they gave away...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

...announcement than with intensified concerns about hung parliaments, as was reported widely in the British press, says Daragh Maher, deputy head of global foreign exchange strategy at Credit Agricole in London. In some ways, that's encouraging. If a single opinion poll was able to trigger the kind of slump seen Monday - in a volatile day of trading, sterling eventually closed 1.7% down on the dollar - an actual hung parliament might be expected to cause the venerable currency to collapse. And while it's true that speculators are adding to the pressure on sterling - the value of short positions...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

...gulf is more than just Dubai. Neighborhood rivals - some of them much wealthier than Dubai thanks to much bigger oil and gas deposits - have emerged from the financial crisis in better shape than their badly bruised neighbor. The gulf region is poised not only to recover from the global slump this year, but could become the second most important center of world economic growth after the economies of east and south Asia, according to John Sfakianakis, chief economist for Banque Saudi Fransi in Riyadh and Crédit Agricole in Paris. "The world has always been too focused on Dubai...

Author: /time Magazine | Title: The Lessons of Dubai | 2/22/2010 | See Source »

...Rawlings’ strength alone cannot explain Harvard’s struggle on the power play, as last night’s poor performance on special teams was not a one-time occurrence, but, rather, continued a season-long slump...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: Special Teams Failures Prove Especially Critical, Dooming Harvard to Last Place | 2/9/2010 | See Source »

...clear even in the album’s better moments: Vampire Weekend are not a “great” band. “Contra” is overall a decent album, and finds just the right balance of advancing and holding ground to prevent a sophomore slump. This pragmatism and the group’s talents have seen them achieve considerable success. Just don’t expect them to ascend to anything more remarkable...

Author: By Chris R. Kingston, CRIMSON STAFF WRITER | Title: Vampire Weekend | 2/2/2010 | See Source »

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