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Since June, at least eight entities, including such high-profile names as Apollo Global Management, Colony Capital LLC and Starwood Capital, have filed with the Securities and Exchange Commission to launch initial public offerings of new real estate investment trusts (REITs). The plan is to use proceeds from the IPOs as well as government financing programs to either purchase or originate real estate loans and mortgage-related securities on the cheap. (See pictures of high-end homes that won't sell...
Still, at least seven more IPOs are in the pipeline, including offerings from Colony Capital, Apollo, Alliance Bernstein, Bayview Asset Management (which is partly owned by Blackstone Group), Ellington Management Group, Western Asset Management and AG Financial Investment Trust...
...With India's rise on the global stage, women too, are prospering. This makes them reluctant to quit high-paying jobs in their home cities in India and move to the West, where they are unlikely to get working visas or jobs, at least for the first few years. "I'm a very career- oriented girl, so I can't just leave and sit at home for a year" says Gupta. "I want to work and I want to focus on my career. These things matter." Amar likens arranging marriages to shopping for food. "It's like a department store...
Politicians know there are plenty of ways to spice up a dull election campaign. Organize a rousing rally. Bring out the celebrity endorsements. Or maybe just show a little cleavage? That's Vera Lengsfeld's election strategy, at least. The 57-year-old candidate for Germany's Christian Democratic Union (CDU) has the country abuzz over her provocative campaign posters, which feature photos of Lengsfeld and CDU compatriot Chancellor Angela Merkel in low-cut tops, accompanied by the slogan "We Have More to Offer...
...voice coming through the public-address system was familiar yet strange. I had not heard it in at least 27 years, not since I had traveled to the sacred Madhu Shrine in northern Sri Lanka in August 1982 when I was a child and on pilgrimage with my family: "Aandavane" ("Oh, Holy Lord" in Tamil), "Aandavane." The words spread through the church compound where half a million others had made the same journey to see Madhu Matha, the Mother of Madhu, in her sacred precincts...