Word: discount
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Under the current NSP guidelines, cities are required to steer their buyout money into designated areas, usually zones with a high concentration of foreclosures and subprime home loans. The cities are also supposed to acquire the properties at a discount of at least 5% from current market value. But one of the risks of that stipulation, say housing experts, is that if the houses are bought up at too deep a price cut, especially with housing prices so depressed right now, it could force surrounding property values further down and instead exacerbate neighborhood destabilization. That's another reason many cities...
...immigrants flee. Said, a lanky 18-year-old, left his native Afghanistan two months ago and traveled by bus, foot and taxi through Iran and Turkey before puttering toward Mytilene with 10 others in a tiny motorboat. So far, he says, the trip has cost him $3,000, a discount price he got from a distant cousin, who helps operate a trafficking ring...
Smith did not discuss specific belt-tightening measures that might be necessary, and did not discount the possibility of a hiring freeze in his response...
...manufacturing. Throw in the partsmakers and other suppliers, and you have an additional 974,000 jobs. Together, says CAR, these 1.2 million workers spend enough to keep 1.7 million more people employed. That gets you to 2.9 million jobs tied to the Detroit Three, and even if you discount the figures because of CAR's allegiance, it's a big number. Shut down Detroit, and the national unemployment rate heads toward 10% in a hurry. (See Pictures of the Week...
Even Crimson Corner, an outdoor newsstand that sells discount Harvard t-shirts in Harvard Square, doesn’t escape the auspices of Harvard’s branding empire...