Word: drives
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Dates: during 2000-2009
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First, if a tsunami of private-equity players and REITs jump into the sector, competition for assets will heat up, which could drive prices up. If this happens, potential profits will shrink, says Tom Fink, senior vice president of Trepp LLC, a commercial-mortgage-research firm...
Nevertheless, two weeks ago, White House economic adviser Christina Romer signaled that the Administration would consider a new stimulus measure if it did not see strong results from the current package. Prominent economists like Joseph Stiglitz say more stimulus is necessary to drive the economy forward. A jobs program focused on the nation's hardest-hit regions could have an impact. Nationally, 1 in 5 construction workers are unemployed. According to the American Society of Civil Engineers, the nation has $1.5 trillion in unaddressed infrastructure needs. "Clearly there are projects that need to be done," says Shierholz...
...rich. Cash for clunkers (the official name is Consumer Assistance to Recycle and Save, a.k.a. CARS, but nobody calls it that) had customers scrambling to car dealerships in droves after it went live on July 27. Despite being in effect for only a few days, the program helped drive July auto sales to an annualized rate of 11.2 million vehicles, from just 9.7 million in June. In reaction, Wall Street economists have ratcheted up forecasts for third-quarter economic growth...
...this big news? What started the flurry was a comment on CNN's State of the Union by Health and Human Services Secretary Kathleen Sebelius that a government-run plan is "not the essential element" of the Obama Administration's drive to overhaul the country's health-care system. White House Press Secretary Robert Gibbs echoed that point on CBS's Face the Nation, where he said that Obama's "bottom line" is that there should be "choice and competition in the insurance market." Hardly a new development, considering that the White House and the President have been sounding pretty...
...state senator Tim Huelskamp, who believes there is a link between pornography and fantasy-driven criminal behavior. "Justice shouldn't have a price. What is the cost of one additional rape of a child, the cost of another young woman being a victim? Kansas families deserve an opportunity to drive freely down the highway without this kind of advertising...