Word: amounting
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...June, the number of new houses being built unexpectedly jumped from the month before. The Census Department recently reported that June also showed an increase - a small increase, but one nonetheless - in the amount of money going toward residential construction. Housing permits, which also speak to builder confidence, are creeping up too. As an Aug. 10 report from Oppenheimer Asset Management put it, "this part of the housing market appears to be finding its footing." (See pictures of a modernist house...
...seen an uptick in the number of people buying houses - both existing homes and new ones. But still, according to the Oppenheimer report, "the demand side of the equation is less than impressive." Nearly a third of existing-home sales are currently to first-time homebuyers - a wildly disproportionate amount. What happens to those buyers once the $8,000 first-time homebuyer tax credit evaporates at the end of this year? Even with home prices a steal in many parts of the country, whether demand will hold up - especially with the countervailing force of tighter credit - is a real question...
...there are questions surrounding the quality of its performance. The People's Bank of China, the central bank, is giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies participating in infrastructure construction. Skeptics are frightened by the amount of cash being shoveled out the doors. The central bank recently announced that new loans in June totaled $224 billion. That was more than double the previous month's amount and brought new bank lending in the first six months of the year to nearly $1.1 trillion, exceeding the total...
...started to get the hang of moving under my own steam. From a fitness perspective, the Trikke is low impact and feels a bit like an elliptical machine in the gym. It works your legs and upper body. Once you get used to it, it's an enormous amount of fun. I brought the Pon-e home for a week and got confident enough to take it for some pretty good rides around town. My best moment was tailing a tiny electric car, presumably with a smug environmentalist behind the wheel, on a narrow road. I considered following...
...matter how much PE they got during school hours, when you look at the whole day, the kids from the three schools moved the same amount, at about the same intensity. The kids at the fancy private school underwent significantly more physical activity before 3 p.m., but overall they didn't move more. "Once they get home, if they are very active in school, they are probably staying still a bit more because they've already expended so much energy," says Alissa Frémeaux, a biostatistician who helped conduct the study. "The others are more likely to grab...