Word: interests
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...trade policy is that Washington can't afford to get tough with China on trade because Beijing buys so much U.S. Treasury debt. Washington can't even say "Boo" to the Chinese, this argument goes, without risking that China would take its money and go home, driving U.S. interest rates up in the process...
...first pass, that might not make a whole lot of sense. If homeownership is on the decline, shouldn't apartment buildings be swamped with interest? As it turns out, those two things don't neatly seesaw. The demand for apartment rentals is largely linked to employment. When people - especially young adults, who are prone to rent - don't have jobs, they're more likely to stay with family or find a roommate instead of renting a place of their own. Plus, in the wake of escalating home foreclosures, condos not selling and investor properties sitting unflipped, there are units from...
...have come down in some areas so much, renters can even start considering buying," says Gleb Nechayev, a senior economist at Torto Wheaton. He looked across markets at the average monthly cost of buying a condominium, assuming a 20% downpayment and annual fees of 1.5%. Even after adding in interest on the loan, buying an apartment in certain markets - including Las Vegas; San Diego; Orlando, Fla.; Sacramento; and Fort Lauderdale, Fla. - came out to be cheaper than the average rent price. In West Palm Beach, Fla., buying cost 20% less...
...James Clavell novel of the same name. As a casting choice, Pierce Brosnan could not have been improved upon, playing the taipan, or chairman, of Struan & Co., which is modeled on the real-life conglomerate Jardine Matheson. Deborah Raffin - white of stocking and padded of shoulder - is the love interest and Ben Masters plays a silver-haired corporate raider. A pouting, 21-year-old Tia Carrere gives a splendid performance as a mistress by the name of Venus Poon. (See 10 things to do in Hong Kong...
...that Lehman Brothers would fail. Those musings, however, have not sat well with Seoul. Now Park has been taken into custody by the government and, according to his lawyer, faces a maximum five-year prison sentence for allegedly spreading false information with the intention of harming or threatening public interest. Late last week, Park was denied bail...