Word: cheaping
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...meantime, just as central banks in the U.S. and euro zone have pumped cheap cash into money markets to boost liquidity in recent weeks, the Bank of England announced plans to inject almost $30 billion into the U.K. system after the credit squeeze nudged up the rates banks were charging each other to borrow. The longer those rates remain high, the more mortgage providers will be forced to pass on the costs to homeowners, increasing the chances of a consumer spending slowdown and a weakening economy. That prospect - and the dramatic half percentage point...
...made it easier to get to the Arctic, so high oil prices have made it worth the hassle of doing so. This summer's activities were, in essence, attempts to claim the rights to seabeds that few considered worth a walrus's whiskers a generation ago, when oil was cheap and the ice was thick...
...foreclosures are scheduled for auction at county courthouses nationwide; so far this year there have been 440,000, according to RealtyTrac. Investors once lured by the prospect of flipping houses at ever inflating prices are now (if they sold in time) focused on scooping up distressed houses on the cheap and turning them into rentals. "There's a whole crowd of people who say, 'Wow, what an opportunity,'" says William Bronchick, president of the Colorado Association of Real Estate Investors...
However you get your hands on a house, it's important to remember that foreclosures are often cheap for a reason, like having a cracked foundation. Says Terry Dunkin, president of the Appraisal Institute: "Just because it's priced less than other houses in the neighborhood doesn't mean it's a great deal...
...entire life. Granted, it's a false choice to say that it's either sexless marriage or shipping the runts off to CBS reality camp. But beyond the cheap shock, I suspect Kid Nation has touched on a real anxiety in the era of extreme parenting: the horror, and yet the appeal, of children having lives separate from Mom and Dad's. Because even to a good parent, sometimes "kid nation" can sound like America by another name...