Word: cheaping
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...calculate or charge an actuarially fair price." It is essentially a moral-hazard argument. Lockhart believes that the government will never be able to accurately price the guarantees that Fannie and Freddie offer mortgage lenders and investors. And as long as the government is offering that insurance too cheap, banks will be encouraged to make loans they shouldn't. And that will lead to more losses for Fannie and Freddie down the road...
...many alarming personal accounts included in its 2009 Trafficking in Persons (TIP) report. According to the State Department, at least 12.3 million adults and children worldwide are subjected to forced labor, sexual servitude and stolen organs, with the global financial crisis heightening the problem through the increased demand for cheap labor, services - and even body parts. (See pictures of crime in Middle America...
...might expect, the service does not come cheap. The joining fee is over $80,000, with a roughly $20,000 yearly subscription, but Faure Beaulieu has sufficient faith in the product's appeal to already be planning a flurry of international membership drives. "I think more and more people are interested in wines these days. Even with the credit crisis, there's room for another model." Such confidence calls for a toast...
...consolidation, as part of an orderly advance. But investors are also increasingly anxious that stocks have risen too far and too fast relative to prospective earnings. Even after the decline on June 16, stocks still sell at more than 20 times their expected earnings for 2009 - far from cheap. (See pictures of scared traders...
...Asia for Cheap. Singapore Airlines is offering economy-class fares from Los Angeles, San Francisco, Houston and New York City (JFK only) at three price levels: round-trip tickets to Moscow, Tokyo, Hong Kong and Seoul cost $599; to Singapore, Bangkok, Bali and other cities in Southeast Asia, $699; and to Mumbai, Delhi, Karachi, Sydney and Perth, $899. Book by June 28 for outbound travel from July 1 through Nov. 30. All travel must be completed...