Word: buyer
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...toward the cost of buying back the club from its unpopular owners, Tom Hicks and George Gillett, failed to gain momentum. Ongoing uncertainty over their plans for the club - Hicks and Gillett are expected to step down as co-chairmen this week amid the search for a buyer - has meant a revised fundraising effort "won't be going anywhere at the moment," admits James McKenna, secretary of Liverpool supporters' group the Spirit of Shankly. If the fans' rebellion fails to build momentum before the soccer season draws to a close next month, however, the same may be true for Labour...
...BlackBerry. But with the release of the iPad, Apple is an overdog for the first time. The smell of backlash is in the air. The blogosphere and tech magazines are ready to pounce. Apple has overreached itself. What is this device? Who needs it? (See TIME's Tech Buyer's Guide...
...looming expiration of two major federal programs - the home-buyer tax-credit initiative and the Federal Reserve's $1.25 trillion mortgage-securities-purchase program - likely won't wipe out the recovery currently under way in the battered housing sector, but it could stall it, experts...
...other expiring program - the federal home-buyer tax-credit program, which offered an $8,000 credit to first-time home buyers - was so successful at luring home shoppers into the decimated market last year that the government extended it into 2010 and expanded it to include a $6,500 credit for non-first-time buyers. About 2 million families used the credit in 2009, and an additional 2.2 million to 2.4 million will take advantage of it this year, according to Lawrence Yun, chief economist with the National Association of Realtors. Approximately 800,000 of the transactions have involved home...
...There are already signs of how fragile the rebound truly is. The latest month-over-month data show sales have slowed in recent months despite low mortgage rates and the home-buyer tax-credit program. New and existing home sales fell 2.2% and 0.6% respectively from January to February, and unsold inventory rose 9.5% during the same period. Some of February's sluggishness could be explained by cold, snowy weather that blasted the Eastern seaboard, but the precise impact of this is hard to know...