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Funny he should mention that word. There is currently $3.5 trillion in outstanding commercial real estate debt, with much of it related to properties purchased at exorbitant prices during the real estate boom that ended in 2007. Many private equity players and hedge funds used heavy leverage - borrowing up to 80% of the purchase price - to acquire the properties and are now struggling to generate the cash flow needed to service the debt and meet debt calls. Bach estimates that about $500 billion in commercial real estate debt will come due each year for the next few years...
...Target saddled up to the poker table. On Oct. 19 the retailer announced it would also sell preorders on seven of these books for $8.99. (Target.com has since matched Walmart.com and Amazon on all 10.) Walmart responded by dropping its price by another penny, to $8.98. There's no word whether Walmart then stuck out its tongue and yelled "Nah, nah, nah, nah, nah, nah" to its rivals. (See TIME's 2008 holiday buying guide...
...much word on the contest's criteria, but if the honor of having your design emblazoned on shirts that some students will cherish for years isn't enough, the other incentives should make it worth your while. The creator of the best design will receive not only a free t-shirt, but also a "patented" gift basket "guaranteed to numb your body with pleasure, or at least have some cool goodies in it." Flyby isn't sure what these super extra awesome awards might be (besides that it probably won't be a basket of fruit and cheese...
...process of researching this article, I had to look up the meaning of “community rating” and “guaranteed carry,” which are apparently incredibly important aspects of the reforms currently being considered. I have not read a single word of any of the bills or proposals being considered—and I would not be too surprised if you hadn’t either...
...self-evident. Clad in a burgundy polo shirt, his signature hair standing at attention, he is focused, energized and relentlessly on message, fusing ward-style populism with a preacher's rhythmic cadences as he blasts the cabal of politicians responsible for his ouster. Not since Holden Caulfield has the word phony gotten such a workout...