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Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.
Persons: Blackstone, , BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, ​ ​ McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres
The last time people told Biden not to run, they were catastrophically wrong and he'll not forget that. And I plan on staying deeply involved," Biden told a Connecticut NBC affiliate in January of 2016. AdvertisementAdvertisementAfter the 2016 election went the way Biden had feared, he didn't hesitate to make his case. In 2016, Biden thought he could win. Biden won back enough white, working-class voters to shore up the breached "Blue Wall" by enough of a margin to deliver him the presidency.
Persons: Biden, , Joe Biden, Donald Trump, Obama, State Hillary Clinton, Lee Myung, bak, Yuri Gripas, Hillary Clinton, dogging Clinton, Barack Obama, Beau, Clinton, Jewel Samad, Getty Images Biden, Biden gamely, monomaniacally, Jake Tapper, Biden didn't, Evan Vucci Organizations: Service, Democratic Party, Trump, U.S, State, State Department, REUTERS, NBC, Getty Images, Clinton's, Connecticut NBC, University of Pennsylvania, Biden, Democratic, Independents, Clinton Locations: Washington, Pennsylvania , Ohio, Michigan, Connecticut, South Carolina
Shipping is one of the biggest polluting industries in the world, but Maersk is looking to change that. The world's second-largest shipping firm presented the first containership powered with green methanol – an alternative fuel that allows these ships to emit less CO2 compared to traditional vessels. However, green methanol is costly and scarce. Analysts are concerned whether Maersk and other shipping firms will struggle to secure enough supply to achieve their carbon ambitions. Is powering ships with green methanol the solution to one of the world's heaviest polluting industries?
Persons: Vincent Clerc, Ulrik Bak, SEB Organizations: Shipping, Maersk Locations: Copenhagen
REUTERS/Kim Hong-Ji/File PhotoSEOUL, June 29 (Reuters) - South Korean President Yoon Suk Yeol on Thursday picked a conservative scholar and an outspoken critic of North Korea's human rights record as the country's new unification minister handling relations with Pyongyang in a cabinet reshuffle. Kim, 63, served as a presidential secretary for unification and a human rights envoy under the conservative Lee Myung-bak and Park Geun-hye administrations. North Korea has long rejected criticism of its rights conditions as part of a plot to overthrow its rulers. Kim is the right person to pursue a "principle-based" and consistent North Korea policy, said Yoon's chief of staff, Kim Dae-ki. The unification ministry's role ranges from cross-border dialogue and exchanges to studying human rights abuses in North Korea and helping defectors resettle in the South.
Persons: Kim Hong, Yoon Suk, Kim Yung, Yoon, Kim, Lee Myung, Kim Jong, Kim Dae, Jang Mi, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South, REUTERS, Sungshin Women's University, North, Thomson Locations: Korean, South Korean, Paju, South Korea, SEOUL, Pyongyang, North Korea, North Korean, Korea, United States
[1/3] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. Switzerland's credibility as a stable, predictable country had been upended by moves like the decision to wipe out the holdings of Credit Suisse bondholders, he said. Under the takeover deal, holders of Credit Suisse AT1 bonds will get nothing, while shareholders, who usually rank below bondholders in compensation terms, will receive $3.23 billion. "In that sense I also see a prosperous future for the financial centre because we have hundreds of very well capitalised banks and very successful wealth management and asset management banks." Reuters Graphics Reuters GraphicsReuters GraphicsOthers were more skeptical about the future, highlighting a reluctance to confront mistakes at Credit Suisse or take responsibility for the aftermath.
Factbox: What's on the table for the Kishida-Yoon summit?
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +3 min
[1/2] South Korean President Yoon Suk-yeol speaks at an interview with Reuters in Seoul, South Korea, November 28, 2022. Kishida is considering visiting South Korea as early as this summer, Kyodo has reported. G7 INVITATIONKishida may extend an invitation to Yoon to attend the G7 summit set to take place in Hiroshima in May, several media reported. EXPORT CURBSThe two leaders could confirm their countries' intention to resolve Japan's high-tech material export curbs against South Korea. Japan tightened restrictions on the export of high-tech semiconductor materials to South Korea in 2019 as a row over how to compensate wartime labourers flared.
SEOUL—South Korean President Yoon Suk -yeol pardoned former President Lee Myung-bak, setting the disgraced leader free from his 17-year prison sentence for bribery and embezzlement. Mr. Yoon granted special pardons to 1,373 people on Tuesday. The most high-profile beneficiary was the 81-year-old Mr. Lee, who has been serving his prison term since October 2020. His prison sentence was suspended in June due to ill health. Mr. Lee has regularly received outside hospital treatment for health problems including diabetes.
Biologists, anthropologists, and information theorists do think that social networks, like Musk's bird app, show at least some signs of being flocks. "Elon's tweet is basically espousing the invisible hand of social behavior," Bak-Coleman says. In this construction, a social network might have become a collective superintelligence, had capitalists left it to its — our? Under Musk, Twitter has entered the dance-off phase. I'll be sad if the Twitter superintelligence starts singing a Kubrickian cover of "Daisy" and implodes into a pile of melting isolinear chips.
GOP Insider readers: Dump Trump!
  + stars: | 2022-11-11 | by ( Kayla Gallagher | ) www.businessinsider.com   time to read: +26 min
Insider asked its Republican readers to send in their thoughts on Donald Trump following the GOP's dismal midterm performance. Subscribers to Insider's newsletter were asked two questions: Do you agree with the GOP insiders who blame Trump? Andrew Lichtenstein/Corbis via Getty Image— Joe S.I don't blame Trump per se. Olivier Douliery/AFP via Getty Images— Julia T.I think Trump, DeSantis AND the GOP are EXTREMELY dangerous for our Democracy. The Republican Party needs to get away from the extremists in the party or the Republican Party will no longer exist.
Prima femeie aleasă preşedinte al Coreei de Sud, Park Geun-hye a fost condamnată în 2018 la 30 de ani de închisoare pentru corupţie şi abuz de putere. Joi, dosarul a ajuns pentru a doua oară la Curtea Supremă, care a confirmat sentinţa de 20 de ani de închisoare. În vârstă de 68 de ani, Park Geun-hye, care a boicotat de mult timp audierile, spunând că nu este un proces echitabil, a fost absenţă joi. De asemenea, ea a fost condamnată la doi ani de închisoare pentru încălcări ale legislaţiei electorale, pedepsele nefiind contopite. Fostul şef de stat Roh Moo-hyun s-a sinucis în 2009 după ce a fost interogat pentru suspiciuni de corupţie la adresa familiei sale.
Persons: detenţie, instanţă, Choi, Moon, Roh, Lee, Lee Myung - Organizations: Supremă, Park, Samsung Electronics, sil, Partidului Democrat Locations: Coreea de Sud, preşedinte Park, preşedinte, Coreei de Sud, Park, preşedintă, coreene
За сына, который ранее был замешан в серии скандалов, политик поручился в ходе интервью CNN, пишет New York Post. «Мой сын, моя семья не будут вовлечены в бизнес, который находится в конфликте или же не находится на достаточном расстоянии от президента и властей», — подчеркнул Байден. Как отмечает издание, на протяжении нескольких недель, предшествовавших президентским выборам в США, Хантер Байден неоднократно привлекал внимание прессы и оппонентов его отца из Республиканской партии. При этом сам Байден ранее заявлял, что никогда не обсуждал с сыном его дела на Украине. В частности, стало известно, что россиянка перевела в общей сложности 3,5 миллиона долларов на счет американской компании Rosemont Seneca Thornton LLC, соучредителем которой является Хантер Байден.
Persons: Джо Байден, Хантер, Байден, Хантер Байден, Байденмладший, Байденстарший, Барак Обамы, Байденамладшего, Вадим Пожарский, Пожарский, Рон Джонсон, Чак Грассли, Байден Хантер, Юрий Лужков, Елена Батурина Organizations: CNN, New, Seneca Thornton LLC, BAK USA, Демократическая партия, Республиканская партия Locations: New York, США, Украина, Делавэр, Вашингтон, Белый дом, Москва
Malaysia food: Top 40 dishes to try
  + stars: | 2017-11-30 | by ( Justin Calderon | Cnn Travel Staff | ) edition.cnn.com   time to read: +20 min
A fish curry popular throughout peninsular Malaysia, it’s commonly made with freshwater fish or stingray. Gulai ayam kampungThis chicken curry dish can be cooked in a number of ways. Chai tow kwayIn this dish, rice flour and grated white radish is mixed and steamed into large slabs or cakes. These are cut up into little pieces and fried with preserved turnip, soy sauce, fish sauce, eggs, garlic and spring onions. A Peranakan dish, chicken curry kapitan has a tangy flavor made from tamarind juice, candlenuts, fresh turmeric root and belacan (shrimp paste.)
Persons: doesn’t, you’ll, Mee goreng mamak, mamak, it’s, Yun Huang Yong, Nasi kerabu Don't, nasi kerabu, Ayam, ayam percik, Nasi lemak Nasi lemak, Dan Tham, CNN Nasi lemak, Nasi lemak, john, Rahman Roslan, John, rendang, TENGKU BAHAR, Nasi kandar Nasi, Laksa, Popia, basah, popia basah, Roti jala Curry, Cendawan, cendawan, sass, Sambal, Baba, they’re, Murtabak, Muhammad, Asam, Hussin, it’d, Tepung, tepung pelita, Rojak, shouldn’t, Malaysia’s, piring, Putu piring, hodge, , Roti, flatbread that’s, mee goreng, Lor, lor bak, bak, Ikan bakar, Melanie Wood, Char kuey teow, Norman Musa, , Chai, Goreng, kapitan, Kaya, Wonton mee Wonton mee, China's, Chai Kee, mee, Chef Norman Musa, Nazlina Hussin Organizations: CNN, Creative, AFP, Getty, Flickr, hawker, Ais Locations: Malaysian, Malay, Malaysia, malaysia, Kelantan, Asia, Kuala Lumpur, TENGKU, AFP, Bangkok, Shanghai, Vietnam, Fujian, China, Penang, Melaka, Thailand, Singapore, Indonesia, pandan, satay, India, Kelana Jaya, sweeten, lor, melaka, Southeast Asia
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