Word: buyer
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Dates: during 2000-2009
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...foreclosure cases we now see in the office are no longer the people who got connived into taking inappropriate mortgages—mortgages that encouraged the buyer to pay only interest and not build equity in the house, or that would reset in 2 years and double their payments. These days, the typical homeowner facing foreclosure seems more likely to have simply lost a job—in a steel plant or a bank or as an auto-mechanic—and fallen behind on payments...
...mountain villages to towns on the dry plains of northern Nigeria, Nokia is everywhere. Supplying the end user with a smart phone in Western Europe and America is typically the job of cell-phone operators who will even subsidize the cost of a device in return for tying a buyer to a monthly plan. Not so in emerging markets, where users typically buy their phone independently. That means manufacturers need their own "very efficient distribution," says Sanford C. Bernstein's Ferragu. "And on distribution, nobody comes close to the strength of Nokia...
...have to go to Florida, though, to be reminded that if you're in the housing market right now, the thing you want to be is a buyer. Marked-down properties account for more than 30% of listings in 15 other cities, including Boston, Minneapolis, Milwaukee, Honolulu and Tucson, Ariz. Even that may be an understatement of the discounts that are to be had: houses that were taken off the market and then relisted at a lower price weren't included in the analysis. (See how Americans are spending...
Just don't pull out the noisemakers quite yet. The segment of the market that's reviving is very narrow. In May, some 29% of sales were to first-time home buyers. The federal government's $8,000 first-time home buyer tax credit provided a lot of the boost. That means if you're trying to sell a house that a first-time home buyer probably wouldn't purchase - anything that's not priced as a starter home - you're not likely to feel the benefit of a faster moving inventory. And if you're trying to sell...
...nuclear components. The destroyer U.S.S. John S. McCain - named for the father and grandfather of the Arizona Senator, both admirals - is trailing the 2,000-ton vessel. According to South Korean television, the ship is headed to Burma, a nation run by a military dictatorship and a suspected longtime buyer of North Korean weaponry. "If we have hard evidence" that the ship is carrying banned weaponry, Senator John McCain told CBS on Sunday, "I think we should board it." (Read "North Korea, the Coldest...