Word: buyer
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Dates: during 2000-2009
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...biggest thing to hit the municipal-bond market in a generation," says Amy Resnick, the editor in chief of The Bond Buyer, which tracks the muni market. "It's clearly been a success as a means of stimulating the economy...
...like nice tea shops, where salespeople behind a counter open glass jars so you can smell the Sugar Kush, look at the Purple Urkel under a magnifying lens and ask about the effects of Hindu Skunk. At the Farmacy, I spun a wheel to determine my first-time-buyer gift and was handed a pot lollipop. If the pot-dispensary people ran General Motors, the recession would be over. Although GM cars would be engineered to just stare idly at the road for hours. Which is more than they're good for now. (See TIME's photo-essay "The Great...
...whether from a lack of resources (it has long begged Congress to fund computer upgrades) or a lack of judgment - will haunt the agency for years. Loans it backed in 2006 and 2007 are souring at a particularly high rate because of seller-financed down payments; when a home buyer isn't the one ponying up equity, there is more than twice as much chance that the loan will go bad. That practice is now gone, but the FHA is still expecting more than 20% of the loans it insured during those two years to eventually default...
...honest," says designer Perwani. "The West can make a better black dress than anyone else. We also believe that if you are going to show something in the international market, it should be international with your own regional flavor. That's what the real buyer is looking for." At Milan, his busy and brightly patterned dresses - culled from the clothes of the Baluch tribes and vivid Pakistani truck art - he says evoked instant cries of "Bellissimo, bellissimo...
...that shift from talk to action continues, the consequences could be severe and wide-ranging. Central bankers are the currency market's buyer of last resort, and thus the private sector's view of the dollar's value and stability can be heavily influenced by what they do. Still, there are many constraints to how far and fast the dollar falls. The issue facing central bankers is a complex one. They may wish to limit their exposure to a weakening dollar, but they don't relish the ugly fallout from doing anything to further weaken it. "We certainly...