Word: cashes
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...current financial crisis is the result of house owners who defaulted on their bond repayments. The obvious reason for this is flatly ignored. The sharp increase in crude-oil prices shortly before the financial crises sucked cash directly from the pockets of the consumers, which then forced them to default on their bond payments. Strong action is taken against cartels in business worldwide, but not against OPEC. It seems to be untouchable. The OPEC members are probably using all the cash sucked from the consumers to buy up stocks of companies in the industrialized world at half price. Unless...
...bonding over lavender oil and breast-feeding. At our local northwest London playground, my kids share the swing set with Kosovar refugees and the children of hedge-fund millionaires. Government vouchers for day care broke down class stratifications during Nicola's toddler years. Her classmates were the children of cash-strapped single mothers, middle-class professionals and the rich - a few arriving in chauffeured Bentleys...
...refused to bite, inflation passed into double digits in June this year, raising prices of construction material. Realtors overran their budgets and projects stalled, leaving skeletal structures dotting the landscape in big and small cities all over the country. Then came the liquidity squeeze, as the government sponged away cash from the system to control inflation. Home-loan rates went from about 7% to 12% and higher. People who bought struggled to pay, and potential buyers kept away...
...destitute that earnings are down: Many middle-class families pay for funeral services with profits from the sale of the deceased's property; with the British property market in free fall, the NAFD says families are opting for less opulent burial services. The reduction of earnings leads to cash shortages among undertakers, which means that many of them require loans to cover the expenses of welfare funerals as they wait for the government payment to come through. With credit dried up, the terms for these loans are becoming increasingly punitive, if they can be found...
...Monday, that achievement was recognized when the Mo Ibrahim Foundation awarded its annual good governance prize to Festus Mogae, who retired this year after two five-year terms as president. The prize achieved instant recognition when it was inaugurated last year because of its hefty cash incentive: $5 million over 10 years, $200,000 a year after that and an additional $200,000 a year for good causes espoused by the winner...