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...morning of April 19, the private-equity firm Apollo Management acquired Realogy--the company behind real estate brokerages Coldwell Banker, Century 21 and ERA. It was not, by modern standards, a huge transaction: the sale price was $8.5 billion, nowhere near the $39 billion that private-equity titan Blackstone Group recently paid for Equity Offices Trust...
...makes war on all that is just and beautiful. Children is written in Tolkien's full-on high-heroic style, which is sometimes hilariously dorky and faux-archaic, and as a short subject it never achieves the towering operatic grandeur of the trilogy. But it's still a huge pleasure to be back in Middle-earth and see it in a younger, wilder era. There's plenty of lore for scholars, and plenty of dwarves and balrogs and mighty smiting for the casual fan. Just one warning: it's a dark tale with a flawed hero, full of ruinous accidents...
That kind of hotel really annoys Andrew Cosslett. So do concierges who act as though they are always too busy booking dinner reservations for the royal family to talk to you. "If you're a frequent business traveler, the differences at the margin are the things that make a huge difference," he says. "So what happens to your bag when you arrive at a hotel tells you all you need to know about that hotel's understanding of you, right...
...risk that it might not? The answer to the first question is easy: the growth of the global economy, outside of the United States, has rarely been stronger than it is now, and China is a big part of that story. It's true that China is racking up huge trade . surpluses with the United States (and Europe), and will continue to do so far into the future. But many companies in many industries have hitched themselves to China's extraordinary growth, and have made bets on the future that assume steady, rapid and sustained growth there. Forget about...
...disastrous set of events. For the three young men who were accused, significant damage has already been done. All three have had to take a leave of absence from Duke, losing a year of playing NCAA lacrosse and a year of attending college. Their families have incurred huge legal fees and public humiliation. Many people following the case have assumed that the three are rapists, a label that even now will be hard to shed...