Depressed commercial land prices belie the creative maths on firms' balance sheets, and threaten the solvency of the banks that have lent to them.
" A sad incident at LaGuardia Airport today as a depressed 757 landed and burst into tears".
A trim, understated intellectual who tugs his beard when he talks, he is almost the definition of the nation's cosmopolitan, well-traveled elite, even as Sejny sits in the far reaches of Poland's economically depressed rural lands.
Crown Communities, an Atlanta-area builder, had snapped up suburban land at depressed prices and was erecting billboards that crowed, "Houses from $47 a square foot".
Now that President Nursultan Nazarbaev plans to diversify the oil-dependent economy and develop agriculture and the depressed rural areas, however, land reform can no longer be put off.
Often the land is in depressed parts of a town, he said, or in odd locations, such as a hillside or an industrial zone.
And the third prong of the attack is to fight the Republicans to a standstill in the rest of the state, especially in the Appalachian east and south-east, which is politically a finely-balanced mix of hilly agricultural land and the depressed mill-towns that are dotted along the Ohio river.The city strategy is likely to bear the most fruit.
He said the debt was due to be repaid by sale of the land, but a depressed housing market had hindered the sale.
They don't want to appear disloyal by selling stock in their own companies or selling land at current depressed prices.
