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4 résultats trouvés

  1. This proposal is like nothing I've seen before! Kind of like a car crash, you are kind of disgusted by the scene, but you can't stop yourself from looking! Source: designboom Designer: Shahira Hammad
  2. J'aime les anecdotes qui ont valeur symbolique... By DAMIEN CAVE Published: January 12, 2009 MIAMI — A financial adviser from Indiana disappeared into the Alabama woods early Monday after faking a distress call and parachuting from a small plane that crashed in Florida. The police in three states were looking for the pilot, identified as Marcus Schrenker, 38. No one was hurt in the crash. According to the police in Santa Rosa County in the Florida Panhandle, where the plane went down, Mr. Schrenker turned up safely about 220 miles north of there. And there is evidence that Mr. Schrenker was an experienced pilot who might have been trying to fake his own death. His life seemed to be unraveling. Court records show that Mr. Schrenker’s wife filed for divorce on Dec. 30. A Maryland court recently issued a judgment of more than $500,000 against one of three Indiana companies registered in his name — and all three are being investigated for securities fraud by the Indiana Secretary of State’s Office, a spokesman, Jim Gavin, said. Mr. Schrenker has at least a decade of experience as a pilot, according to the airport in Anderson, Ind., where he departed Sunday evening. But the police said that within hours of taking off, he issued a distress call. He told air traffic controllers that he was bleeding profusely and that the windshield of his Piper PA-46 turboprop had imploded. The control tower told him to try to land nearby, but instead he “appears to have intentionally abandoned the plane after putting it on autopilot over the Birmingham, Ala., area,” the police in Santa Rosa County said. He next appeared in Childersburg, Ala., about 30 miles to the southeast, when he approached local officers at a store and said he had been in a canoeing accident. He was wet from the knees down and carried what the police described as “goggles that looked like they were made for ‘flying.’ ” After checking his Indiana license, the officers drove Mr. Schrenker to a hotel. After learning of the abandoned plane, they returned, but his room was empty. Witnesses said a man believed to be Mr. Schrenker wearing a black toboggan cap had run into the woods next to the hotel. He has not been seen since. The telephones at Mr. Schrenker’s home and one of his companies, Heritage Wealth Management, have been disconnected. His piloting skills, however, can be seen in a YouTube video in which he flies under bridges in the Bahamas. “This stunt,” it says, “should not be tried by any pilot that wishes to stay alive.” http://www.nytimes.com/2009/01/13/us/13plane.html?_r=1&hp#
  3. Cooling housing market exposed to crash Prices, demand drop after record growth Alia McMullen, Financial Post; Canwest News Service Published: Friday, August 08, 2008 Edmonton's housing market is estimated to be more than 10 per cent overvalued.Ed Kaiser, The Journal, FileEdmonton's housing market is estimated to be more than 10 per cent overvalued. TORONTO - A big decline in commodity prices could spell disaster for Canada's housing market, which already appears to have entered a "sustained downturn," David Wolf, an economist at Merrill Lynch Canada, warned on Thursday. He said while the risk of a housing market crash was small, an "outright bust" in commodity prices would make the scenario "a rather more serious threat." The recent trickle of data has shown a significant slowdown in the country's housing market, following its record pace of growth. Demand has eased, supply continues to creep up, credit conditions remain tight, and house-price growth has turned flat, with declines in some regions. The value of building permits in June fell a seasonally adjusted 5.3 per cent from the previous month, indicating that construction activity in the coming months would likely be lower, Statistics Canada figures showed Thursday. The data is notoriously volatile, but the trend rate of growth for residential building has declined since the beginning of the year. "Canada's housing market is entering a sustained downturn, in our view," Wolf said. "It does look like Canadian houses finally got too expensive, and builders too aggressive, for the underlying demand environment." He estimated that markets with the strongest price growth in recent years, such as Regina, Saskatoon, Vancouver, Victoria, Calgary, Edmonton, Sudbury, and Montreal, were all more than 10 per cent overvalued. On a national basis, Wolf predicts house price growth to remain flat. Merrill Lynch expects commodity prices to moderate over the medium term, a scenario that would aid in the housing market downturn but not cause an outright bust. Others, such as CIBC, have a more bullish forecast for commodities, namely oil, expecting prices to continue to rise. This would continue to support Canada's terms of trade by bringing in higher export revenue relative to the amount spent on imports. But Wolf said the risk of a housing crash would become "a serious threat" if the recent correction in commodities continued because it could cause the terms of trade to deteriorate. The price of light crude has fallen about 18 per cent since peaking at a record high of $147.27 US a barrel on July 11 continued. Light crude for September delivery settled at $120.02 US a barrel in New York on Thursday. "The takeoff in commodity prices since 2002 has driven an enormous improvement in Canada's terms of trade, accounting for much of the strong growth in Canadian national income that has, in turn, provided the fundamental underpinning for the housing market boom," Wolf said. A Bank of Canada working paper by senior analyst Hajime Tomura released earlier this year argued that a decline in the terms of trade would likely cause house prices to fall. It said that "if households are uncertain about the duration of an improvement in the terms of trade, then house prices will abruptly drop when the terms of trade stop improving."
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