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Word: worthely (lookup in dictionary) (lookup stats)
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...goal of this financial finagling: to pocket the difference between the $400,000 loan and the actual $216,000 purchase price, and then simply abandon the home and force the banks to foreclose - sticking them with property worth far less than the amount they had loaned. It was a textbook attempt to beat the system: fraudulent paperwork, straw borrowers, all concocted by real estate professionals...

Author: /time Magazine | Title: Inside a Florida Mortgage Scam | 6/25/2008 | See Source »

Movies are certainly a growth industry in India. A study by PWC and the Federation of Indian Chambers of Commerce and Industry earlier this year put annual growth in "filmed entertainment" over the past three years at 17%. The industry is now worth $2.4 billion a year. Though that is less than a tenth of Hollywood's take, India's industry should double in the next five years, while its American counterpart will be lucky to grow 15% or so in that period. The business side of Bollywood, once a byword for dodgy tax deals and shady financing, has gone...

Author: /time Magazine | Title: Spielberg's Bollywood Wedding | 6/23/2008 | See Source »

...love of the sport. I wrote a piece about this, and the referee organization contacted me. They can't get referees because the referees now have to put up with the abuse of the parents and they just don't want to do it. It's not worth it to them. Parents push their kids to the point of... abuse. You have eight-year-old kids who have injuries that grown athletes, professional athletes don't get until their thirties or forties. Overuse injuries, repetitive strain injuries. That's a clear reflection of parental pushing of kids...

Author: /time Magazine | Title: Are You Turning Your Child Into a Wimp? | 6/23/2008 | See Source »

...Scott Fitzgerald famously observed that the very rich are different from you and me. Perhaps. But just like everyone else these days, they have been won over by the convenience of online shopping. Around 80% of high-net-worth consumers - in Western societies defined as those with annual gross income and assets of at least $500,000 - use the Internet daily, and they regularly buy products online. A great opportunity for luxury goods, right? One would think so, but only a third of the world's premium brands sell their goods online, according to a new study by consultants Forrester...

Author: /time Magazine | Title: Getting Luxury Goods Online | 6/23/2008 | See Source »

...contested question, but the contest is increasingly going to forms that are not broad, flat, pale and gray. In a world being radically reconfigured by Gehry, Zaha Hadid and Daniel Libeskind, Ando represents the continuing relevance of a more reductive strain of 20th century Modernism. When the Fort Worth museum was commissioned, Ando, now 66, had built widely in Japan but not much outside. By the time it opened six years ago, he was firmly located on the international short list of architects that everybody was after...

Author: /time Magazine | Title: Tadao Ando's Elegant Simplicity | 6/19/2008 | See Source »

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