Have To Laugh To Look At Each Other
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Animal
Bird
California
Rubber Duck
Sonoma
Sonoma County
Toy
USA
Window Display
duck
CA
Have To Laugh To Look At Each Other
Tags
Animal
Bird
California
Rubber Duck
Sonoma
Sonoma County
Toy
USA
Window Display
duck
CA
The West Pier was was closed in 1975 and was subsequently severely damaged by fires and storms, with the remaining iron structure being partially demolished in 2010.
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Brighton
pier
west pier
structure
iron
urban
decay
seagulls
birds
sea
water
clouds
sky
lines
vertical
waves
iron structure, storms, fires, west pier
Morgan Stanley, the No. 6 US bank by assets, said it sold its stake in Revel Entertainment Group, the developer of a half-built casino resort in Atlantic City.
Morgan Stanley sold its stake to an investor group led by Kevin DeSanctis, chairman and CEO of Revel Entertainment, according to a filing yesterday with the Securities and Exchange Commission. Morgan Stanley didn't take a pretax loss or gain on the sale, according to the filing.
Morgan Stanley wrote down the value of its stake by about $1.2 billion last year, recognizing a loss of about 98 percent, after deciding to sell the holding.
The SEC asked Morgan Stanley to explain why it waited until last year to report the losses, according to letters released in November.
The sale came on the day Revel said it raised $1.15 billion to restart construction. The resort, located at the northern end of the Atlantic City boardwalk and budgeted at about $2.4 billion, is expected to open in mid-2012, Revel said on that day.
Morgan Stanley told the SEC in letters last year that before its decision to sell the stake, it had consolidated Revel and compared the book value of the investment with undiscounted cash flows to check whether a charge was warranted.
revel entertainment group, atlantic city boardwalk, kevin desanctis, securities and exchange commission, morgan stanley, investor group, us bank, pretax loss, casino resort, stake, securities and exchange, losses, assets, ceo
Saying Good-Bye to Winter
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Angelina
Color
Lighting
People
Seasons
Shadow
Snow
Sunset
Time of Day
Walking
Weather
Winter
Jersey City
New Jersey
United States
Nikon D300
105 mm f/2.8
Hamilton Park
USA
good bye, citynew
on top of the world
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pine
tree
green
white
winter
snow
cold
ice
footsteps
freezing
hill
mountain
outpost
outlook
blue
sky
city
landscape
skyline
horizon
afternoon
hdr
contrast
person
woman
girl
arms
out
shadows
highlights
people