Word: costs
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...pocket-sized radios, televisions with integrated circuits and new tape recorder models. The following year, CES spread to nine floors across three New York hotels and attendees were buzzing about devices such as a tiny radio that could be worn on the wrist and a "Portable Executive Telephone" that cost more than $2,000, weighed 19 pounds and required users to obtain licenses from the Federal Communications Commission proving U.S. citizenship...
...Here's how it works: if the price of buying a house divided by the cost of renting an apartment is higher than usual, then houses are more expensive than they should be. A lower-than-normal ratio suggests good value. Changes in these data are of interest not just to potential buyers trying to figure out if it's time to finally jump off the sidelines but also to current homeowners wondering how much more pain they're due for, as well as to policymakers angling to prop up prices. At TIME's request, Moody's Economy.com ran numbers...
...that translates into actual home-price declines is a little tricky. After all, the price-rent ratio is based not just on home prices but on the cost of rentals too. So to figure out what will happen to home prices, you first have to make some assumptions about what will happen in the apartment market. Property & Portfolio Research does such a forecast, which is how Economy.com parlays price-rent ratios into projected house-price appreciation. Those figures tell us that the housing market remains a lumpy place - were price-rent ratios to return to normal, San Antonio would...
ExxonMobil spokesman Kevin Allexon told TIME that the company "shares concerns about the challenge of meeting the winter heating needs of those who cannot afford the cost." But "it is our view that government programs to assist low-income families with their heating-oil requirements are the best way to address these needs." Allexon is referring specifically to LIHEAP, the federal Low Income Home Energy Assistance Program. It is supposed to provide about $5 billion in home-heating-fuel aid, but in recent years it has seen only half that. President Bush even tried to reduce fiscal 2009 LIHEAP funding...
...attorney at the Massachusetts Law Reform Institute, voiced similar suggestions. “There’s some kind of tension between the amount of taxes paid—which is based on a fairly low number—and benefits received, which in a high wage, high cost-of-living state like Massachusetts is fairly high,” Monsell said. “I think increasing the taxable wage base to reduce the gap between employer payments and employee benefits would be prudent to consider.” —Staff writer Peter...