Word: broker
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Real estate broker David Brownell says a 30% discount might not be enough. Condos around the city that were selling for between $500,000 and $750,000 in 2004 are selling today for less than $300,000. Brownell says if he had marketing money to spend, "one of the last places I would think of trying to invest it is promoting [condos at] CityCenter. I don't think there's a great demand...
...Miami it was the Cuban exile lobby, which saw in Eliancito a way to stick it to Fidel Castro. (One local judge, who ruled that Elián's Miami relatives should have custody of him, turned out to be a client of a powerful exile political broker pushing for Elián to remain in the U.S.) Today in Rio it's the politically connected lawyer relatives of Sean's stepfather - and if you think Brazil's admittedly impressive social progress of late means that powerful families can no longer manipulate the courts, especially when poking...
Some card companies are tackling the punishing economy with humor. DCI Studios has a Christmas card that doubles as a "new guide to the stock market." Some useful terms: "Broker: What we are this year compared to last year. Merrill Lynch: What we want to do to Merrill. Liquid assets: beer, scotch, vodka, whatever helps...
...corrupt, ineffective and a tool in the hands of a foreign invader, and Afghans are mostly gloomy about the prospects for reforming it. While Karzai could be forced to respond to some egregious cases of corruption, his instinct will be to continue to use the power of patronage to broker local support. Corruption and nepotism may be just as much as a symptom of the weakness of the central government as its cause. Even in the times of greatest stability, Afghanistan has been governed from the center via a loose consensus among powerful regional and ethnic leaderships. Karzai might...
...Pakistani soil is Pakistan's need to maintain leverage in Afghanistan, where the U.S. presence is viewed as temporary. Indeed, some Pakistani observers suggest that even if a U.S. surge is successful, it will at best lead to a negotiated settlement with the Taliban, in which Pakistan would play broker...