Word: creditably
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Cross sells several products that are also available at nearby Bob Slate Stationers and Black Ink. For example, Black Ink sells a metallic credit card case that is nearly identical to one sold at Cross. The case costs $5.95 at Black Ink and $12.00 at Cross. Bob Slate also has a Cross pen case at its Mass. Ave. location...
...figure isn't likely to hold. Inflation measured only 1.7% over the past 12 months, and economists figure it will clock in at well under 3% for the full year. Still, a reversal in the long-term trend will ripple through the economy. Rates for mortgages, car loans and credit cards will start moving higher. You should reduce your debt or lock in a fixed rate now. Higher rates also mean housing prices should cool. If you plan to sell your house, get to it; if you're a buyer, resist the urge to pay top dollar. Savers rejoice: rates...
...blame but so, apparently, is a sizable information gap, according to a survey out last week from mortgage financier Fannie Mae. Minorities are especially at risk of letting misperceptions prevent them from buying. For example, 73% of the general population know you don't have to have perfect credit to qualify for a mortgage. But only 57% of African Americans, 64% of Hispanics who speak mostly English at home and 22% of predominantly Spanish-speaking Hispanics recognized that pristine credit isn't a prerequisite. --By Barbara Kiviat
Quick, name the world's fastest-growing major developed economy. It's not in Europe, and it's not the U.S. Surprise, it's Japan, which turned in an impressive 6.4% annualized gain in the final quarter of last year. Much of the credit belongs to Fukui, who just completed his first year as head of the Bank of Japan. "Out of 100 points, I give his performance a 99," says Jesper Koll, chief Japan analyst at Merrill Lynch in Tokyo. Some have gone so far as to call Fukui, 68, the best central banker in the world...
...Credit Fukui's success to unconventional thinking. His predecessor, Masaru Hayami, frequently claimed there was little he could do to stoke Japan's economic fires after he lowered interest rates to zero. But Fukui has boldly set out a series of unorthodox monetary-easing programs designed to counteract the country's crippling six-year bout of deflation, flooding the nation with cash. "Fukui has been activist and interventionist," says Shuji Shirota, an economist at the Dresdner Kleinwort Wasserstein investment bank in Tokyo. Fukui's efforts are having an impact: consumer-price deflation slowed to 0.3% last year, compared with...