Word: buying
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...they decide not to," says Paola Sapienza, a finance professor at Northwestern University and one of the paper's authors. "It's very easy to do this in the U.S." Even though there are serious consequences to reneging on a home loan - including wrecked credit, not being able to buy another house for years to come, the cost of moving and the social stigma associated with being a person who does not honor one's commitments - lenders tend not to pursue former homeowners for the money they are owed because of the prohibitive cost of tracking down such people...
...Drivers, who on average have one-third of their tank filled, could rush out to fill their tanks, effectively tripling the demand for gas. That alone would send oil prices soaring. So, too, would speculation by investors who predict a drop in supplies. "Prices will rise, and people will buy futures," says Drollas. "Traders will buy because they are worried about their supplies." All that could send market prices rocketing - and deepen the global recession. It remains to be seen whether the market remains calmed by Obama's reassurances this week that military action against Iran...
...Buying, though, is different from conspicuous consumption. At the string of big-box retailers north of town, a few miles before city streets fall away and the horizon takes over, shoppers leaving Kohl's and Best Buy and Shoe Carnival are carrying bags - but not huge ones. In plenty of other places, that might be a sign of cutting back. Here in Bismarck, though, moderation is business as usual. Yes, Bismarckers like their things; it's rare to drive down a residential block and not see at least a few boats or RVs sitting in driveways. But splurging never really...
...congressional candidates, and her Twittering from Wasilla is like shouting from the top of Mount McKinley for all that it's heard in the lower 48. The only news that does break through nationally are tabloid items like her fights with Levi Johnston and David Letterman. "I buy that you want to spend more time with your family, the stress and demands of five children and a husband. I can buy that you want to push your conservative agenda. I would buy that she thought that she could do more on a national scale because of her popularity and because...
...crisis has become harder and harder to ignore, even as Krytikova is surrounded by more than 30 dolls that, when completed, will represent about $190 worth of merchandise for three days of work. "In 1999, we were able to buy a car, a garage, send one son to university and renovate our apartment on the money my husband and I made from making matryoshki," she says. "But today, you make such a small amount of money for such devilishly complicated work." She notes that since October, she's had to cut her prices by about $4 per doll. Factor...