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Willy Northpole and the Phoenix hip-hop scene explode
Customers and cashiers stare at the 5-foot-11, 180-pound man, who is dressed in a pink bonnet, pink shorty dress, and white patent leather shoes. Gold heart-shaped earrings twinkle beneath his carefully curled hair. Under his dress, you can see his diaper. He takes his place in line with a carry-all basket full of juice and Gerber baby food. "Oh shit! It's Baby Man," says one cashier, a Hispanic kid who's heard the legend but has never been a witness to the spectacle. "It's like Sasquatch!" he says. "You don't believe it exists until you see it."
And even then, you're likely to think Baby Man is the star of a hidden-camera TV show, a singing telegram, or maybe on his way to a costume party. But Windsor is for real. This is no spoof.
The customers waiting in line behind Windsor -- a 54-year-old semi-retired singer and actor, and "full-time adult baby/diaper lover" (AB/DL) -- are giggling, then grimacing. More>>
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Waterstone Capital Advisors Pays Over $1 Million to Defeasance Clients
CHARLOTTE, N.C., Oct. 31 /PRNewswire/ -- Waterstone Capital Advisors, LLC an established defeasance consulting firm, has just announced their financial product, whereby commercial real estate borrowers can receive a present value cash payment for their share of the residual float from a CMBS loan at the closing of a defeasance transaction. This program allows commercial mortgage borrowers to monetize their share of the future residual value of their defeased CMBS loan. Waterstone Capital Advisors is changing the rules in the CMBS defeasance industry once again by offering to pay their clients for the right to act as the successor borrower in the defeasance transaction. Waterstone Capital Advisors recently wrote a check in excess of $200,000 to one of their clients who took advantage of a unique defeasance opportunity, which enabled them to recoup all third-party expenses associated with the defeasance and put money back in their pocket. More>>
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Wall Street-Backed Finance
Some warning signs are already surfacing. Germany's public-sector union yesterday called for an 8% pay raise for its 1.3 million employees, as workers in both the public and private sectors have started demanding higher wages ahead of a coming round of salary negotiations in Europe's largest economy." December 18 - Bloomberg (Svenja O'Donnell and Jennifer Ryan): "Bank of England Governor Mervyn King comments on the global credit squeeze... 'The reason for the rise in spreads was not due to a shortage of cash. The large banks are now awash with cash. The issue is not whether they have enough cash. The issue is whether they're willing to lend. In recent weeks, what has become evident is that banks are concerned about the capital position of other banks. They do not know where the losses from an array of investments in financial instruments will come to rest. More>>