Word: exception
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...take title to) the property they're buying. Hilton and Meritage, as well as a host of other large developers like Pulte Homes, are playing even harder ball: they now demand that a homebuyer forfeit the profit if selling a home before the minimum period of one year (except for hardship reasons). Hilton says Meritage already has several cases pending in court against investors who violated those contract terms. "We weren't doing this a few years ago because the investors were few and far between," says Hilton. "But now it's an out-of-control activity that we simply...
With bucolic Crawford, Texas (pop. 705, except when President Bush takes his August vacation there) and its environs groaning under the weight of Cindy Sheehan's protest, protesters protesting Cindy Sheehan's protest and the media covering it all, locals are beginning to long for the days when their rural roads were dusty and, well, empty...
...search-engine outfit called Baidu, a.k.a. China's Google, launched an IPO in the U.S. The stock was initially priced at $27--and closed at $122.54 after its first day of trading, a move that evoked nothing if not the infamous dotcom bubble of the 1990s. Except that no one believes China's Internet boom is a bubble, given that there is so much potential growth...
...search-engine outfit called Baidu, a.k.a. China's Google, launched an IPO in the U.S. The stock was initially priced at $27?and closed at $122.54 after its first day of trading, a move that evoked nothing if not the infamous dotcom bubble of the 1990s. Except that no one believes China's Internet boom is a bubble, given that there is so much potential growth...
...This entire affair reminds me too much of typical middle school-clique infighting?except that 13-year-olds don't hold the power of life and death over millions of people. What can we do to ensure that positions of power are held by more responsible, cooperative, civil adults? Jo Virgil Austin, Texas...