Word: stevenson
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Dates: during 2000-2009
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...certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't troughed yet. With foreclosures still rising and unemployment expected to approach 10.5% in mid-2010, home prices are expected to tumble another 10% over the next six months before bottoming, says Robert Stevenson, managing director at Fox-Pitt Cochran Caronia Waller. And he expects prices to remain depressed until at least 2011. (See high-end homes that won't sell...
Still, many analysts believe the 2009 stock run-up among homebuilders has gotten ahead of the sector's pending recovery. "The stocks have gone too far, too fast," says Rob Stevenson, managing director at Fox-Pitt Cochran Caronia. Stevenson isn't surprised by the insider selling at Toll Brothers: "We think the group has gotten overvalued and that a pullback is likely." After all, he notes, "they're still not producing a profit...
...Helena near Calistoga, Calif., is known as "the stairway to heaven" for its panoramic views of the Napa and Sonoma valleys. These views, however, soon may be off-limits to visitors - the latest victim of the Golden State's staggering budget crisis. The trail sits within Robert Louis Stevenson State Park, one of up to 100 state parks in California that might be closed by Labor Day to help eliminate a budget gap of $26 billion. While the Department of Parks and Recreation isn't releasing a list of potential sites on the chopping block, the stairway-to-heaven park...
...doesn't actively promote the information, it has slowly been getting more attention from Beijing residents concerned about the city's air quality. "The U.S. Embassy has an air quality monitor to measure PM 2.5 particulates on the Embassy compound as an indication of air quality," says Susan Stevenson, a State Department spokesperson. "This monitor is a resource for the health of the Embassy community." She cautions that citywide analyses cannot be done from a single machine, but because the embassy has the data available, it makes it available to others. (Read "How Twitter Will Change the Way We Live...
...Still, for all the needling - bankers were submitted to three hours of lawmakers' questions - taxpayers got little in the way of detail about how or why the banks blew it. Stevenson insisted the HBOS board "was all over" risk management and "stress-testing." It was external factors, he said, that ultimately did it for the bank. Goodwin claimed that at "no point did anyone get the scale or the speed of [the slowdown], and that was what was so damaging about this...