Word: buyer
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Dates: during 2000-2009
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...they'd jumped to $7,400. His house is now valued at more than $900,00 - and if he were to sell it, the new owner would be staring at an annual tax bill of almost $20,000. "That's a big reason I'd have trouble finding a buyer for this house, and why I'd have trouble buying a new one here myself," says Martinez, who now works two jobs in order to pay his tax and insurance bills. Unless Martinez wants to leave South Florida, "I'm essentially in jail in my own house...
Stevenson isn't a buyer at an exclusive boutique. She's a store manager who decides what items to accept for resale at a secondhand-clothing shop called Buffalo Exchange. It's part of a growing chain of stores in a growing industry, and it just may be the cool place to find trendy fashions at a fair price this summer. These are not the musty, downmarket stores of yore. The best ones are as carefully curated as a Soho boutique; put a premium on current styles, not vintage novelties; and turn a healthy profit...
...time being, at least, Beijing will continue to be a buyer of U.S. Treasury debt, helping keep interest rates low and the U.S. economy out of recession. But Paulson must know that the current trade relationship with China is seriously out of whack, and that something needs to give on the currency front sooner rather than later. He will no doubt try his best to persuade China that it is in its own interest to move faster - much faster - on the currency front this week. Whether China will listen is another matter...
Meanwhile, the Albright-Knox auctions will continue over the next several weeks. At least some of what's sold in them will go back up on public display, though not in Buffalo. The buyer of a circa 10th century granite statue of the Hindu god Shiva that went for just over $4 million was the Cleveland Museum of Art, which, unlike the Albright-Knox, already has a substantial Asian collection. But much of the rest will disappear into the possession of dealers and private collectors. In the way of such things, in due time some of it may well make...
...past decade-the financial crisis of 1997, the dotcom implosion of 2000, the downturn in the wake of SARS in 2003-it's easy to see why Asian men have prioritized work. "Since 1997, it's not been possible to get a bonus," says Wong, the Hong Kong buyer and father of four. Spurred by the fear that their incomes will dry up or their jobs will be cut, many men work longer hours in a bid to prove their indispensability...