Word: droppingly
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...this year, but it won't be until the end of 2010, maybe even 2011, that we'll see steady price gains," says Celia Chen, an economist at Moody's Economy.com. Chen and her colleagues predict that home prices, as measured by Case-Shiller, are due to drop some 30% from their early-2006 peak. We're only about two-thirds of the way there. (See pictures of Americans in their homes...
...think, housing is fairly valued, but we overshot on the way up, and it's very likely we'll undershoot quite a bit on the way down," says Patrick Newport, an economist at the analytics shop IHS Global Insight. His firm's forecast is for another 10% to 15% drop in NAR's median sales price before things start turning around next year - and that's assuming the economy begins growing again in the second half...
...According to SEC figures, enforcement levels went from 1,232 full-time employees in 2005 to this year's budget request for 1,093, an 11% drop. In the compliance office, the numbers went from 851 full-time staffers in 2005 to this year's request for 796, a 6.5% decline. (See pictures of the top 10 scared traders...
...recipe McDonald's has cooked up. Indeed, while most companies limped out of 2008 on slumping results that look likely to plummet in 2009, McDonald's on Monday announced earnings of $985.3 million in the fourth quarter of last year. While that near billion-dollar activity represented a 23% drop over the same period the previous year - due mostly to an extraordinary tax bonus accounted to 2007 books - McDonald's also revealed an 11% rise in fourth-quarter consolidated operating income to $1.5 billion on global sales gains...
...weapons flow into Gaza. But Gazans are worried that if the tunnels are closed, that could cut off the few threads of commerce and supplies leading into Gaza. "If Israel keeps the borders sealed off, we'll keep digging, and only Allah can stop us. Let the Israelis drop their bombs. Without the tunnels, we can't survive anyway," says Aymad. "And if a bomb catches me underground, well, they won't have to dig my grave...