Word: busting
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...denying that a sharp rise in rates would pose problems for the housing market, as would continued job cutting in an economy that is failing to pick up steam or, possibly, a deeper scandal at embattled mortgage firm Freddie Mac. Here are three ways to prepare for a bust...
HEDGE Keep the house, but dump any other real estate assets. Stocks of home builders, mortgage lenders, movers, furniture companies and real estate investment trusts will sink if the housing market goes bust. In his book The Coming Crash in the Housing Market, author John Talbott suggests selling these stocks short or buying "put" options on them. Both strategies produce gains as stocks fall. These sophisticated moves should not be made without consulting an adviser...
...obvious choice as TV's favorite dad. His show has a bold spin (he plays a childless husband who takes in his sister's kids while she's in rehab), and the ratings are strong. My trouble with Bernie, though, is his kidside manner. "I'm gonna bust your head till the white meat shows!" he hollers in one episode; "I'm gonna kill one of them kids," he says in another. All in good fun? Perhaps. All too common...
...businessman, Yusuf formed the committee in the early 1990s when Karachi was stricken by several kidnappings and murders a day. "It was turning into a city of death," he says. By setting up a data bank and electronic surveillance of criminals, Yusuf and a few honest cops managed to bust many of the major kidnapping gangs. These criminals were often linked to cells of sectarian killers and terrorists. "They all steal cars and buy and sell illegal weapons," Yusuf says...
...inebriated throngs prompted the Harvard University Police Department to shut the party down two hours early. The bust even led the Cambridge Licensing Commission to deny Mather House a liquor license for its spring formal and to temporarily rescind a permit that allowed any House dining hall parties to run past 1 a.m.“We wanted to throw a wicked cool party,” Fox says. “It was unprecedented and had many more people than we originally thought would be coming...