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...benefits of using a REIT structure are threefold: private-equity firms can access equity capital quickly, use shares as currency in making future acquisitions and distribute a dividend to attract investors, says Steven Marks, managing director at Fitch Ratings...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

DIED Though his renovation of the Guggenheim Museum in New York City drew mixed reviews, Modernist architect Charles Gwathmey, 71, counted among his fans Hollywood A listers like Jerry Seinfeld and Steven Spielberg, for whom he designed lavish homes...

Author: /time Magazine | Title: Milestones | 8/17/2009 | See Source »

...also allow meat drop-offs, making it easier for farmers to dispose of carcasses. Though most restaurants are operating in Asia, there are also a few others in Africa. Anywhere from five to 100 vultures may descend in a day at South Africa's Camp Jambulani vulture restaurant, ranger Steven DuToit tells TIME. (Read "The New Age of Extinction...

Author: /time Magazine | Title: A Restaurant for Vultures. Literally | 8/15/2009 | See Source »

...federal stimulus money, was accused of cheating on his wife and lost control of the legislature, having his vetoes overridden more times than any other Nevada governor. Budget cuts have closed the only hospital cancer wing for uninsured patients. "We're on the bottom of every bad list," says Steven Horsford, majority leader of the Nevada senate and de facto head of Nevada's government, who tried and failed to enact a corporate income tax. The state is so desperate, the legislature even considered a state lottery. Which is about as good a revenue plan in Nevada as opening...

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

...only option to get around. Moala's flight was ferrying a group of 12 passengers to the tiny village of Kokoda, 50 miles northeast of the capital Port Moresby. Onboard flight CG4684 was co-pilot Royden Soauka, and a tour group of nine Australians and their local guide Steven Jaruba, a local businessman. By early on August 14, three days after the crash, authorities reported a 14th person may have been on the plane, a local mine worker who was not listed on the passenger manifest...

Author: /time Magazine | Title: Australia Mourns Its Plane-Crash Victims | 8/14/2009 | See Source »

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