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...says Jim Helton, the general manager. "That makes it harder for me to sell cars, because I'm giving people fewer choices." The dealership's owners were planning this summer to spend millions of dollars on a complete renovation and expansion of the façade, showroom and service area. Rising credit costs, combined with slow truck and SUV sales, forced the dealership to shelve the entire project. "Customers are still coming in, but they're walking away without a car," says Helton. "And it's largely because of credit...
...increasingly hard by margin calls and shareholder redemptions, forcing them to sell investments to raise cash. Yet amid the panic, Weiss admits he's turning bullish: "People are freaking out, and it's a good time to make money when everybody is freaking out." One shell-shocked area where he's finding extraordinary bargains: illiquid funds with troubled investments in property. "You might very well lose all your money," says Weiss, "but there's a chance of making enormous returns...
...personal travel. The event was described by Sean M. McCreery, a staff assistant in the English department, as “smaller than usual.” Along with the spontaneity of the reading, it fell on the same day that two other major poets gave readings in the area, including John Ashbery at MIT. Armantrout read from “Verse” and from her most recent compilation, “Next Life,” as well as from unpublished works. Reading with rapidity and inflection, she created images of life characterized by elements of the everyday...
...side window. CPD spokesman Mark C. Trant said that while the department does not compile official crime statistics until the end of the year, the level of crime around Harvard has remained at its normal level for this time of the year. “People start targeting this area more often in the fall because students come back so there are more people around,” he said. He said that CPD has stepped up its vigilance recently, assigning extra bike patrols to the Cambridge campus. —Staff writer Jamison A. Hill can be reached...
...global capital flows as those in New York, London or Tokyo. But Chinese regulators believe the slow, deliberate pace of reform has helped insulate the country from the worst of the current market turmoil. Consider China's banks. Five years ago, by all accounts, they were a disaster area, plagued by bad loans, lack of capital and poor management. In 2003 nonperforming loans made up 17.9% of their total portfolios, according to government figures. By the end of last year, that figure had plunged to just 6.7%. Over the same period, according to a study by Nicholas Lardy...