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...otherwise respectable-sounding prospectuses offered to investors to explain how they could service high debt on mortgage-backed securities. "The borrower anticipates to recapture approximately 20%-30% of the units [roughly within the first year] and 10% a year thereafter," explained a prospectus for a portfolio of buildings in upper Manhattan being bought by Apollo Real Estate Advisers (now AREA Property Partners), with a primary mortgage from a Credit Suisse subsidiary. The normal turnover rate in cheap or moderate rent-regulated apartments in New York City is 5.6%, according to data from the New York City Rent Guidelines Board...
...competency of Prime Minister Yukio Hatoyama's administration. While scandals come and go in Japan, some observers wonder if the young government that swept the Liberal Democratic Party (LDP) out of more than five decades of single-party rule is resilient enough to ride this storm, with the Upper House elections slated for July. (See pictures of Japan's relationship with the world...
Biega chipped the puck up to his linemate along the right boards, and Leblanc sped through the Big Green zone before wristing a shot past O’Neill into the upper left corner...
...content, if not happy. They wore modest clothing that neighbors likened to those of religious Muslims, and they had Ratzon's image tattooed on their bodies. The children's names all included a version of Ratzon's own. One wife had Ratzon's portrait tattooed on her upper left arm, his head surrounded by snakes with the legend "Goel Ratzon, my love forever." A similar tattoo on her upper right arm portrayed him with a cobra crowning his head and the legend "My Goel, my love." Her neck was inscribed twice: "To Goel, with love...
This breed of Muslim activists, most of them educated and from the middle and upper classes, aggressively embraced a stricter - and increasingly violent - version of Islam. The young Nigerians rebelled against the existing order of their rich and politically well-connected parents in northern Nigeria. "They abhor the stupendous wealth their parents have accumulated and they don't want to have anything to do with them," says Abdulmumin Sa'ad, a professor of sociology at the University of Maiduguri. (See the Nigeria connection of the Detroit terror suspect...