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menafn.com…

(MENAFN) Greek Tourism Enterprises Association’s (SETE) director, Andreas Andreadis, said that in 2011′s first seven months, the number of foreign tourists coming to the country grew 10 percent, …

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Greece welcomes 10% more tourists from Jan-July

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Huffington Post…

NEW YORK – Sooner than expected, the International Monetary Fund will have a new managing director. For more than a decade, I have criticized the Fund’s governance, symbolized by the way its leader is chosen. By gentlemen’s agreement among the majority shareholders – the G-8 – the managing director is to be a European, with Americans in the number two post and at the head of the World Bank.

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Stiglitz: IMF Chief Must ‘Continue Along The Reform Path’

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Investors Jump Back Into Rebounding Hotel Market

June 2, 2011

With the U.S. hotel sector firmly in recovery mode, the number of large hotel investment sales has continued to rise in the second quarter. More properties are coming onto the market in response to a growing amount of capital seeking hotel investment, with private-equity funds, institutional buyers and other types of buyers joining REITs in the competition for high quality lodging assets. The already-hot pace of deals seems to have accelerated…

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Todd Akin: Cutting Defense Would Deal With ‘Wrong Problem’

April 21, 2011

By Colin Clark Editor, AOL Defense WASHINGTON — The battle over the defense budget took a new turn, with The New York Times issuing a rare lead editorial about defense in which it called for steep cuts to some of the Pentagon’s biggest weapons programs. In reply, one of the most senior House experts on defense rebutted the paper’s call for major weapons cuts. The Times editorial said the Pentagon should: terminate the Marine Corps version of the Joint Strike Fighter; cut the rest of the Joint Strike Fighter buy in half; kill the V-22 Osprey tilt-rotor program; slice one carrier group and reduce the number of air wings by one. At the same time, the paper did not call for any cuts to the number of military personnel. It did call for a cut of 10 percent to the civilian Defense Department workforce. Rep. Todd Akin (R-MO), chairman of the House Armed Services seapower and projection forces, dismissed the Times ‘ reasoning. “If you took a look at the numbers from 1990 to the present, what you find is that in military strength in macro numbers, the number of soldiers, the number of ships, the number of aircraft is 50 percent of where we were in 1990,” Akin said. The real budget problem, Akin said, is that civilian entitlements “are out of control.” You could cut the entire defense budget, as well as all non-defense discretionary spending — which does not include entitlements — and you would just get to a balanced budget at the cost of “no prisons, no state parks, no House, no Senate, no departments of Energy, Commerce, Justice…” Entitlements, Akin said yesterday at a ceremony at Boeing’s F/A-18 plant here to celebrate delivery of the 500th Boeing Super Hornet, have grown from 4 percent of the Gross Domestic Product in 1965 to 13 percent now. Over the same period, defense spending dropped to 4 percent of GDP from 9 percent. Akin’s conclusion: “So cutting defense is dealing with the wrong problem. Defense is down; defense has been cut. ” Last week’s GOP budget plan called for virtually no cuts to the defense budget. The man in charge of the F-35 program, which would suffer most grievously should the Times ‘ recommendations be adopted, replied very carefully today that the decision to cut would have to come from someone above his pay grade. Vice Adm. David Venlet told me that large cuts would increase the price of each plane, something the eight allied countries that plan to buy substantial numbers of the plane, would find painful. When a country reduces the number of a weapon it buys, that often dramatically increase the politically sensitive unit cost of the system. That can set up a death spiral where the price becomes politically unsupportable and the system is killed. Venlet met yesterday with the senior acquisition official from each of the nine: the United Kingdom, Italy, the Netherlands, Turkey, Canada, Australia, Denmark, and Norway. Israel also plans to buy F-35s but is not considered a program partner since it is not helping to fund the research and development phase. Britain has already pulled out of the short takeoff and vertical landing (STOVL) variant of the F-35, as part of its defense budget scrub. Italy, which plans to buy substantial numbers of the more expensive and complex STOVL version, is especially concerned about any more reductions to that program. The admiral noted that the test program has accelerated substantially since the beginning of the year. The three models of the F-35 have collectively flown 1092 hours. The air force version, known as the F-35A, has logged 295 flights for 520 hours. The carrier version, known as the F-35C, boasts a more modest 53 flights with 81 hours, but the carrier version is quite similar to the air force version. Its greatest testing will come during carrier takeoffs and landings. The complex and troubled Marine version of the plane, the F-35B, has made 379 flights for 490 hours in the air, Venlet said. The program faces an important Defense Acquisition Board meeting at the end of May and the Pentagon has begun talks with maker Lockheed Martin about the fifth early production contract. “We are going to need to show that costs are under control,” said Venlet, who is becoming a master of the careful answer as he guides the largest defense program in American history. Launching in Spring 2011, AOL Defense will provide news, insight and tools about the defense sector. Follow Colin on Twitter at @colinclarkaol . Follow defense news on Twitter at @aoldefense .

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Cohesive Information Solutions, Inc. Hires Mike Beasley as Vice President of Strategic Accounts

April 4, 2011

KENNESAW, GA–(Marketwire – April 4, 2011) – Cohesive Information Solutions, Inc., the number one reseller of Maximo/Tivoli software in North America, announced today the hiring of Mike Beasley as Vice President of Strategic Accounts. Mike brings 25+ years sales experience serving the utility and oil and gas industries.

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The Curse Of Negative Equity

February 21, 2011

As more than $113 billion worth of home equity has vanished from South Florida’s housing market in the past five years, the number of homeowners with mortgages that are larger than the values of their properties has become enormous. More than 300,000 South Florida mortgages–or 43 percent of them–are currently underwater, the highest level in decades, if not ever. That’s about four times the number of homes in foreclosure.

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Saint Kitts and Nevis: Emerging luxury property market

February 21, 2011

The property market in the Federation of St Kitts and Nevis remains vigorous, as the number of air flights into the islands increases.

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10 Ways Wall Street Crushes Retail Investors

January 26, 2011

In the late 1990′s and early 2000′s, the number of individual investors surged thanks to the rise of the Internet. As information became instant and ubiquitous, and the fees associated with making trades decreased, people took advantage of their ability to do their own research and retail trading peaked.

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Audrey Watters: Update to Higher Ed Classification System Shows Huge Growth in Private, For-Profit Institutions

January 20, 2011

The Carnegie Foundation for the Advancement of Teaching released an update to its classification system today, a revision to one of the leading frameworks for describing institutional diversity in U.S. higher education. The update finds two “striking changes” in higher ed: a dramatic increase in private, for-profit institutions and an increase in institutions whose programs focus on professional fields like business and health. The Carnegie Classification offers researchers a standardized way to describe and compare institutions. The system represents some of the main differences between colleges and universities in the U.S, monitoring things like undergraduate and graduate programs offered, enrollment profiles, and school size and setting. The classification framework was originally published in 1973 and was last updated in 2005. The update released today includes the most recent national data. According to Chun-Mei Zhao, the project’s director, more schools are offering professional programs at both the undergraduate and graduate level that are “less selective and non residential.” She says this trend has been “triggered by the growth of the private, for-profit sector” and adds that “this suggests that the higher education landscape is shifting further away from the traditional model of the liberal arts college.” Since its last update, 483 newly classified institutions have been added (bringing the total to 4633). 77% of these are private, for-profit institutions. On the contrary, the growth in public and private, not-for-profit institutions has been small, only 4% and 19% of the newly classified schools respectively. The classification framework also points to the increase in the number of what it calls “professional focus” institutions — schools that award more than 60% of their degrees in professional fields. The number of institutions that grant more than 60% of their degrees in arts and sciences, on the other hand, fell by 5%. Health profession programs increased by 6% at both for-profit and not-for-profit institutions. Business and management programs increased by roughly the same percentage, but the growth was almost entirely at for-profit schools. Also notable in today’s figures: substantial growth in the number of traditional two-year colleges, as well as the number of two-year colleges starting to offer bachelor’s degrees. The Chronicle of Higher Education suggests that the growth of for-profit schools might be slightly exaggerated by the Carnegie Classification lists the individual campuses of the University of Phoenix, ITT Technical Institute, DeVry University and the like as separate institutions. The Chronicle cites at least one university official who’s “cool” on the significance of the new numbers, contending that the growth in the number of these private, for-profit institutions may be a question of supply, but not necessarily demand. Indeed, recent enrollment figures from the University of Phoenix revealed a 40% drop in enrollment in the last quarter of 2010.

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Video: U.K. Constructors Build Homes for Rent as Demand Rises

December 23, 2010

Dec. 23 (Bloomberg) — Bloomberg’s Poppy Trowbridge reports on an increase in the number of Britons renting homes instead of buying, spurring constructors to build more homes for rental rather than sale.

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Bluesocket Announces Appointment of Industry Veteran Chris Koeneman as Vice President of Worldwide Sales and Marketing

October 25, 2010

BOSTON, MA–(Marketwire – October 25, 2010) –  Bluesocket announces the appointment of industry veteran Chris Koeneman as Vice President of Worldwide Sales and Marketing. Chris Koeneman further strengthens the leadership team of the company, as Bluesocket continues to lead the market as the number one supplier of virtual wireless LAN networking.

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McGraw-Hill Federal Credit Union Names Sharon Warshany as Business Development Executive

October 14, 2010

EAST WINDSOR, NJ–(Marketwire – October 14, 2010) –  McGraw-Hill Federal Credit Union (MHFCU) has just announced that Bordentown resident Sharon Warshany has joined the credit union to fill the newly created position of Business Development Executive. Warshany will be responsible for increasing the number of companies, known as Select Employee Groups, or SEGs, whose employees can bank with MHFCU.

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US Home Values Seen Losing 17T Mortgage Rates Increase

October 12, 2010

Home values in the US are projected to drop by over 17 trillion this year due to continued increases in the number of foreclosures and expiring tax credits for homebuyers according to Bloomberg

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Video: Romania’s Remittances Fall as Work Abroad Becomes Scarce

August 26, 2010

Aug. 26 (Bloomberg) — Bloomberg’s Nicole Itano reports from Romania on the fall in the number of young workers sending remittances home to support their families due to a lack of jobs abroad.

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Video: U.K. Sees Boom in Apprenticeships Amid Slow Jobs Market

August 19, 2010

Aug. 19 (Bloomberg) — Bloomberg’s Olivia Sterns reports on the increase in applications to apprenticeship programs in the U.K. amid a slow jobs market and after the government capped the number of university places available.

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Underwater Mortgages: Nearly One Quarter Of Mortgage Borrowers Owe More Than Their Home Is Worth

August 8, 2010

By the end of the first quarter of 2010, the number of mortgaged residential properties with negative equity had declined slightly to 11.2 million, down from 11.3 million at the end of 2009, according to a report issued by real estate analytics firm CoreLogic. The bad news: Those 11.2 million loans make up roughly 24% of all U.S. mortgages. Add the 2.3 million borrowers who are close to slipping underwater (those with less than 5% equity), and the numbers rise to 13.5 million — 28% of mortgages.

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Why Are Americans Fleeing The Job Market?

July 6, 2010

Are we about to see a wave of Americans giving up on the labor market? The Bureau of Labor Statistics’ June jobs report saw the labor market lose 652,000 workers — a defection so large that it caused the nation’s unemployment rate to drop from 9.7% to 9.5%, not because jobs were created, but because the number of people in the workforce declined.

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This Week in Retail: Toys R Us Files $800 Million IPO

June 2, 2010

Toys R Us Inc. filed a preliminary registration statement this past week with the U.S Securities and Exchange Commission for a proposed initial public offering of its common stock. The offering will consist of newly issued shares but the number and price…

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Transocean Beefs Up PR To Manage Fallout From Oil Spill

May 17, 2010

An offshore drilling company tied to the massive Gulf oil spill is boosting its lobbying and public relations team as the number of congressional inquiries expands. Transocean Ltd. recently signed Capitol Hill Consulting Group, which includes a former Democratic congressman and a top energy advisor to then-House Majority Leader Tom DeLay (R-Texas), to lobby for an undisclosed sum, according to federal lobbying records.

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Sweethearts-In-Crime Financial Scams Are On The Rise: Reuters

April 16, 2010

While statistics are hard to come by, the number of married couples caught engaging in insider trading, stock manipulation or running a Ponzi scheme appears to be on the rise. In the past three years, at least a dozen legally joined couples have been charged with securities fraud by U.S. regulators or prosecutors.

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Signs of Hope Seen in Investment Sales Activity

March 3, 2010

Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million…

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Share of long-only investments will reduce – APK

February 26, 2010

bonds. According to Bhm, funds do have to have the courage to invest in market segments such as distressed debt because there are still some opportunities in sectors where the drop in price was unrelated to fundamental data. He also confirmed the number

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CoStar Group Purchases a 2008 Class A LEED Gold-Certified Office Building

February 5, 2010

BETHESDA, Md., Feb. 5, 2010 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP) the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced the Company has purchased an office building at 1331 L Street, N.W. in Washington, D.C., through a wholly owned subsidiary, for $41.25 million where it plans to locate its Headquarters.

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CoStar Group to Report Fourth Quarter and Full-Year 2009 Financial Results on February 24, 2010

February 1, 2010

BETHESDA, Md., Feb. 1, 2010 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, will announce financial results for the fourth quarter and full year of 2009 following the market close on Wednesday, February 24, 2010. Management will conduct a conference call to discuss the fourth quarter results and the company’s outlook for 2010 at 11:00 AM EST on Thursday, February 25, 2010.

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Value of Distressed Commercial Real Estate in South Florida?

January 8, 2010

Earlier this week, we discussed a report by Grubbs & Ellis that provided a “forecast” of South Florida’s commercial real estate market. According to the report, in 2010 landlords can expect to see an increase in the number of vacancies …

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CoStar Group Introduces Another Industry First: Commercial Real Estate Activity for the Entire U.S. Displayed Online in Real Time

November 30, 2009

BETHESDA, Md., Nov. 30, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced that, for the first time ever, online viewers can watch the constant flow of activity occurring throughout the commercial real estate industry on CoStar’s website at www.costar.com.

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Noted Real Estate Economist Dr. Norm Miller Joins CoStar Group to Direct Integration of PPR’s Industry-Leading Analytic and Forecasting Assets With…

November 13, 2009

BETHESDA, Md., Nov. 13, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced that Dr. Norm Miller will join the company as Vice President of Analytics. The appointment is effective January 1, 2010.

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CoStar Group Named One of "America’s 200 Best Small Companies" by Forbes Magazine

November 3, 2009

BETHESDA, Md., Nov. 3, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced that it was named one of “America’s 200 Best Small Companies” by Forbes magazine. The annual ranking appeared in the issue dated November 2, 2009 and on Forbes’ website at www.forbes.com/200best.

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Foreclosure Increases at the Real Estate Markets Upper Ranks (Turks.US)

October 14, 2009

Current data show an evident rise in the number of foreclosures in the real estate market’s luxury sector. Most of the foreclosures in June, 30% to be exact, are homes belonging to the upper ranks of the housing market; a significant 16% increase from the crisis three years ago.

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Premier Advisory Firm Studley Expands Access to CoStar Group’s Information, Continues Trend Among Major Clients Upgrading to Full U.S. Data Set

October 7, 2009

BETHESDA, Md., Oct. 7, 2009 (GLOBE NEWSWIRE) — CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced that leading global tenant advisory firm Studley significantly increased its access and use of CoStar’s commercial property and tenant data. Studley is the latest major commercial real estate services provider to expand its access to CoStar’s entire U.S. database of researched and verified property listings and tenant information.

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Banks Likely to Increase Loans for U.K. Real Estate (Update1) (Bloomberg)

October 6, 2009

A total of 23 banks said they would loan more than 20 million pounds ($32 million) to a buyer of U.K. commercial real estate, Savills said in a statement today, citing the results of a September survey of more than 100 lenders. That’s almost double the number that said so in March, Savills said.

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Jones Lang LaSalle starts online auction joint venture – Chicago …

September 16, 2009

Jones Lang LaSalle and other real estate firms see the potential for a growing market for distressed commercial real estate as the number of commercial property defaults continues to climb and are hoping the online auction approach will …

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Jones Lang LaSalle starts online auction joint venture – Chicago …

September 16, 2009

Jones Lang LaSalle and other real estate firms see the potential for a growing market for distressed commercial real estate as the number of commercial property defaults continues to climb and are hoping the online auction approach will …

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Hotels, Retail Properties Make Up More Than 63% of Largest Problem Loans

September 9, 2009

Declining property performance and increasing CMBS defaults remain the chief contributors to a sharp increase in the number of troubled loans within the U.S. CMBS market. The addition of 432 commercial real estate loans totaling approximately $5.2…

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Number Of Chicago Millionaires Drops 16 Percent

July 20, 2009

A recent study shows a decline in the number of Chicago millionaires as well as a drop in nine other metropolitan areas in the country.

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CoStar Group Acquires Property and Portfolio Research, Inc., Leading Provider of Global Real Estate Analysis and Market Forecasting

July 20, 2009

– CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information and marketing services to the commercial real estate industry, today announced the acquisition of Property and Portfolio Research, Inc. (PPR), a leading, independent provider of

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