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The wealthy have been buying up yachts and jets without having to put much cash down. Borrowing against yachts or jets at the point of purchase — or shortly after — means customers can put up little to no cash to close the deals. Depending on the desirability of the asset, banks extend loans from half to nearly 100% of its value. Another benefit of lending against yachts and jets is that clients can still enjoy them during the loan. At Bank of America, 80% of its yacht-backed loans are for existing private bank clients, according to Verbit.
For the first decade-or-so of his life, Menz told Insider he lived in "pretty extreme poverty" in Flint, Michigan. Menz told Insider that he realized early on in his career that he wanted to be his own boss. While the income wasn't much, Menz told Insider that it was expected, and why he kept his full-time job. So he bought the laundromat business for $75,000 and the building for $170,000. In 2016, Menz bought a fourth laundromat for about $35,000.
Italian food: Classic dishes everyone needs to try
  + stars: | 2021-02-17 | by ( Silvia Marchetti | ) edition.cnn.com   time to read: +24 min
CNN —Think of Italy and you’re likely to think of food first and all the beautiful places to see second. The original ancient recipe is protected by the Azdore, “pasta priestesses” who prepare fresh tagliatelle for clients each day across the region at fresh pasta boutiques. Malloreddus alla CampidaneseMalloreddus alla Campidanese is a tasty gift from the Italian island of Sardinia. ShutterstockHand-made squared ravioli with zig-zag edges filled with roasted meat, these are usually eaten either with veal broth, a rich meat sauce or with butter and sage. Pasta, meat, cheese, vegetables, tortellini, eggs, sausages and even fish are mixed together with besciamella sauce and placed inside the dough, which is then folded and cooked in an oven.
10 oldest airlines in the world
  + stars: | 2019-03-04 | by ( Miquel Ros | ) edition.cnn.com   time to read: +12 min
Here are 10 of the oldest airlines in the world still in operation. Pan American World Airways subsequently acquired a controlling stake in the company. Qantas was nationalized by the Australian government after World War II and reprivatized in the ’90s. After World War II, Aeroflot became the largest airline in the world, as air travel was often the only means of transportation available to bridge the vast expanses of the Soviet Union. Czech Airlines (CSA)Czech Airlines, the national airline of the Czech Republic.
Persons: Avianca, JUAN MABROMATA, SCADTA, Stanislav Sergeev, MICHAL CIZEK, Finnair, DANIEL SLIM, ANDREJ ISAKOVIC, Jat, Jasper Juinen, Dan Kitwood Organizations: CNN, Finnair, Czech Airlines, KLM, Passengers, Dutch, Havilland DH, Croydon Airport, Junkers F13, Pan American World Airways, SCADTA, Servicio, Qantas, Northern Territory Aerial Services, Avro, Aeroflot Aeroflot, Junkers, Aeroflot, Concorde, Communist, BOAC, CSA, Eastern Bloc, Prague City Air, DC, Delta Air Lines, AFP, Delta, Pan, Northwest Airlines, Air Serbia Air Serbia, Aeroput, Jat Airways, Etihad, Air Serbia, British Airways, Qatar Airways, International Airlines Group, British Airways British Airways, British Overseas Airways Corporation, British European Airways, Cambrian Airways, Northeast Airlines Locations: Finnish, Czech, Amsterdam, Batavia, Jakarta, New York, Colombia, AFP, Barranquilla, Germany, Colombian, SACO, Latin America, Australia, Queensland, Northern Australia, Asia, Pacific, Soviet, Moscow, Nizhny Novgorod, Russian, Soviet Union, Cuba, Murmansk, Russia, Czech Republic, Czechoslovakia, CSA, Prague, Americas, Africa, East, West Germany, Finland, Tokyo, Europe, China, East Coast, Middle, Serbia, Yugoslavia, Serbian, Air, Iberia, Madrid, Barcelona, South America, London, Paris, Devonshire
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