It’s true: if you are a small homeowner, the bank owns you. If you had the good fortune to be up to your eyeballs in tens of millions of dollars in debt, you own the bank.
Two men carjacked the two deliverymen outside a Walgreens on the corner of 41st Street and Pine Tree Drive Friday morning and forced them into the refrigerated cooler of their own truck.
Had you invested $1,000 in most companies controlled by our New Establishment members on the market high of October 12, 2007, your wallet would be considerably lighter.* How much lighter? We crunch the numbers after every closing bell to show what that thousand dollar investment is worth.
the 100 people, companies, institutions, and vices most responsible for the economic mess
67. Miami and Las Vegas.
Was there any place on earth more swept up in the housing mania than Miami? Was there any place more caught up in the no-money-down, instant-refi, you-can-always-flip-it-for-a-profit-tomorrow, build-it-and-they-will-come frenzy that drove the construction of …
Police say their captors included people who put up $165,000 for a Memorial Day weekend event in Miami Beach. The promoters allegedly were forced to make phone calls to relatives to wire them money.
Divorce is as common in the Florida Keys as fresh grouper and cold beer. Census statistics released this week show that Monroe County - which includes the cluster of 1,700 islands floating off South Florida - has the second-highest proportion of divorced residents. A little more than 18 percent of t…
Najibullah Zazi, the Denver man believed to be the central figure in a terror plot against the New York City transit system, has officially been indicted on charges of conspiracy to use weapons of mass destruction against persons or property in the United States.
Luxury hotel owners risk defaulting on their debt as the recession cuts occupancies and the credit crunch constrains refinancing
A $90 million loan secured by the Four Seasons San Francisco, a 277-room, five-star property, is 90 days delinquent and foreclosure proceedings have begun…The Dream Hotel, a 220-room hotel on West 55th St in NYC that features 300-thread…
The number of ‘for rent’ signs is multiplying. A list of restaurants that have closed in Coconut Grove is growing. 21, in the past year. Fed Chief Ben Bernanke says “the recession is likely over”. Tell that to Coconut Grove merchants. One local shop owner says that bar business on a typically busy w…
“Yesterday, the man who called the Holocaust a lie spoke from this podium. For those who refused to come, and those who left in protest - I commend you, you stood up for moral clarity. But for those who stayed - I say on behalf of the Jewish people, my people and decent people everywhere - have you no shame? No decency? What a disgrace, what a mockery of the charter of…
In his tapes, Taylor Branch tried to capture President Clinton’s unvarnished perspective on matters from the consequential to the comic.
Boris Yeltsin’s late-night drinking during a visit to Washington in 1995 nearly created an international incident. The Russian president was staying at Blair House, the government guest quarters. Late at night, Clinton told Branch,…
Where are the real estate professionals? The number of new real estate licenses the state issues has dropped dramatically over the past four-plus years, falling from almost 47,000 in 2005 to about 8,300 so far this year, the state says.
Was there any place on earth more swept up in the housing mania than
Miami? Was there any place more caught up in the no-money-down,
instant-refi, you-can-always-flip-it-for
build-it-and-they-will-com
…