Does shovel-ready mean ready for burying?
These infrastructure projects are usually on the back burner because they ought to be there.
Jonathan Weber
Latest work
Culture
Lending for ultra-luxury Western resorts: dumb, dumb, dumb
As resorts for the wealthy such as Yellowstone Club, Tamarack, and Promontory tumble into insolvency, you have to wonder what the lenders such as Credit Suisse and Lehman Bros. were thinking. Here's another tale of toxic assets, poor diligence, and no backup plans.