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Life companies have the ability to offer flexibility in terms and structure that CMBS, just by the nature of the market, can't offer. Life companies are not winning business because they are giving that last dollar, but they can be competitive on pricing and structure of terms. |
Like I told a kid on the bench, 'There are going to be a lot of people not sleeping either way tonight,' because it was that type of game. Either you were not going to sleep because you were upset that you lost or you were not going to sleep because of the excitement of it all. |
Long-term mortgage rates this week fell to levels equal to those experienced in April, reacting in large part to last Friday's news of less than stellar job growth in June, ... This is good news for those who are still house hunting, as lower rates mean more affordable housing. |
Low price of natural gas inputs, provision of world class port services, tax exemption for a renewable period of five years and encouragement of foreign capital in natural gas-based industrial projects led to the implementation of many projects with a total cost of $13 billion. |
Magellan continued to generate robust cash flows through the quarter, allowing us to extend our string of quarterly distribution increases to 20 since our initial public offering in early 2001. We remain committed to our stated goal of 8% to 10% distribution growth during 2006. |
Maine is just coming out of a severe budget crisis, and government services remain below their levels before the 2001 recession. Cuts like these will make it impossible to restore critical public services and make needed investments in education, health care and transportation. |
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Maybe Birmingham will be more concerned about their league position and this might not be as important to them as staying in the division. I feel I've got a big enough squad to cope with playing in three competitions and all I can say is that I'd have rather been drawn at home. |
Miami has produced results which speak to them being a great team. We've done a little bit of the same, but we can't control what Florida State or Miami will do. However, we can certainly try to play on their weaknesses. Hopefully we know what we can do and what we can control. |
Michael is a seasoned general manager and a 30-year veteran of the information technology business. With his customer-centric focus and unique balance of strategic insight, operational expertise and technology and financial knowledge, Michael is a strong asset to Cisco's board. |
Mike requested a meeting with the full board of directors, and I was happy to oblige. Mike has not told me exactly what it is he wants to say, or what he expects out of the meeting, but it will be useful to hear his side of a story that has obviously stirred up so much emotion. |
Mike told me that he would not be seeking a renewal of his contract for personal and family reasons, even though we had reached agreement on its terms. We both agreed that it would be in his and the team's best interests if he stepped down immediately. This has come as a shock. |
Mike's response was that he didn't really have to prove himself, ... So he wouldn't agree on an extension based on a performance level. And I respect his view that he felt he didn't have to prove himself. But there's also a view that coaches have to prove themselves every year. |
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