Word: township
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...task is expected to be formidable. Part of the job of the chief restructuring officer will be to dispose of real estate such as closed factories. GM assembly plants in Pontiac, Mich. and Wilmington, Del., as well as power-train plants in Livonia, Flint and Ypsilanti Township, Mich., Parma, Ohio, and Fredericksburg, Va., were just added to the list. The automaker also is shutting underutilized stamping plants in Indianapolis and Mansfield, Ohio; and closing warehouses in Boston, Jacksonville, Fla., and Columbus, Ohio, all by the end of this year. Workers at all nine plants and the three warehouses were told...
...Tata Housing Development, the real estate arm of the giant Tata group, is poised to start building apartment-style homes priced from $7,800 to $13,400 in a township being planned at Bhoisar, an industrial suburb located 31 miles (50 km) north of Mumbai. Like the Nano, which was designed to bring some middle-class comforts to the masses, the homes are geared for the hundreds of millions of Indians making less than $5,000 a year who are unable to afford decent dwellings. "We have realized that there is an opportunity at the bottom of the pyramid," says...
...Buyers are already flocking to the Tata construction site at Bhoisar. Overwhelmed by the response, the company is beefing up security to handle the rush. Customers can book flats by paying an initial installment of $200; successful applicants will be chosen by lottery. The Bhoisar township, the first phase of which will have 1,244 apartments, is expected to open for occupancy in two years...
...future. The social-work student says he has lost hope of going back to school because the government-owned University of Zimbabwe (UZ) has been closed since last year. "Drinking is the only constructive activity I have," he says as he passes the time in Nzvimbo, a rural township in Chiweshe, about 150 km north of the capital, Harare. "What else...
Raleigh is part of a new generation of South African filmmakers determined to take back the country's stories and invest them with a spirit that goes deeper than skin. He produced 2005's Tsotsi, a film about a township hoodlum who steals a car - and the rich black couple's baby in its back seat - which shattered once and for all the naive but, among outsiders, popular notion that all South Africa's stories can be framed in terms of black and white. Another is director Michael Raeburn, who has just released Triomf, a bleak examination of a poor...