For the year to date, the Challenger employment report announced employers have announced 587, 592 job cuts, down 8.1% from 639, 229 announced at this point last year, with housing-related losses in the financial, construction, and real estate sectors accounting for 97, 509 of the pink slips.

FORBES: U.S. Jobs Outlook: Weak, Not Dreadful

He found his calling, though, by teaming up with Salvador Rodriguez and pairing U.S. banks and real estate investment trusts with Puerto Rican construction outfits just as a housing boom was getting under way.

FORBES: Paradise Found