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...businesses such as law firms, investment banks, car companies and retailers cut jobs and move to less expensive offices, the commercial real estate industry is collapsing with astonishing speed. None of the unfinished buildings were erected with cash from the developers. Banks put the money up for the physical location and structure, and perhaps even the rent from tenants, as security deposits in most cases. The land is no longer worth much. The buildings are half empty or unfinished and tenants are leaving, and, in many cases, defaulting on their leases. Lawsuits to get payment of those obligations are long...

Author: /time Magazine | Title: Commercial Real Estate: The Banks' Next Big Problem | 3/20/2009 | See Source »

...problem is that Citi's payment plan is not consistent with executive-compensation rules put into place by the stimulus package. The American Recovery and Reinvestment Act signed by Obama on Feb. 17 says banks that have received money from the government's $700 billion Troubled Asset Relief Fund are barred from paying cash bonuses to their top executives. They can pay stock bonuses equal to as much as a third of an employee's salary, but the employee is not allowed to sell those shares until the government's money is paid back by their company...

Author: /time Magazine | Title: Citigroup Plans Big Bonuses Despite Rules Against Them | 3/20/2009 | See Source »

...regardless of the outcome. “We’re excited about the attitude the kids have,” Tillman said. “We can beat anyone,” Smith said. “But at the same time, we have to remember that we put our pants on one leg at a time like everyone else. Going into spring break, it’s about preparation...

Author: By Justin W. White, CONTRIBUTING WRITER | Title: Crimson Prepares to Battle Quakers | 3/20/2009 | See Source »

...following weekend.“We’re hoping to be a little more consistent and play some complete games,” senior Tom Stack-Babich said. “We’ve played well in parts of each game, but we really need to put the hitting together in order to get some good games down south.” Harvard will open a three-game series today against Centenary College (9-3) and then stop by Monday at the University of Louisiana-Monroe (10-8). Following two night games at No. 5 Louisiana State University...

Author: By Colin Whelehan, CONTRIBUTING WRITER | Title: Harvard Heads South for Spring Break Trip | 3/20/2009 | See Source »

...conducts a humorous investigation into the pitfalls of a life lacking in bromance. “Here’s the deal,” Robbie Klaven (Andy Samberg) informs Zooey, his future sister-in-law. “Peter’s always been a girlfriend guy. He put all his focus and energy into relationships, and all his dude friends just fell by the wayside.” With a wedding date fast approaching and a severe dearth of male acquaintances, California realtor Peter Klaven (Paul Rudd) arranges a series of uncomfortable “man-dates?...

Author: By Roxanne J. Fequiere, CONTRIBUTING WRITER | Title: I Love You, Man | 3/20/2009 | See Source »

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