Word: effective
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...renegotiating mortgages, a new program goes into effect tomorrow (it was part of the housing bill passed over the summer) that uses up to $300 billion in FHA guarantees to encourage mortgage servicers to move people out of adustable-rate subprime loans into fixed-rate loans with lower face values. And if Treasury owned a few hundred billion dollars worth of mortgage securities, it could put pressure on servicers to renegotiate loans rather than foreclose on them...
...looks to be a long and painful unwinding for Asia, for example. Even if the U.S. government can pass a plan to pump money into the financial system by buying bad mortgages - thus freeing up banks to lend money elsewhere - it won't "address the decimation of the wealth effect of the U.S. consumer," which many export-led Asian economies rely on, says Kirby Daley, senior strategist at Newedge Group, a financial services firm based in Hong Kong...
Then consider the wealth effect, much debated but empirically documented, which suggests that every dollar of increased household wealth will, over a period of time, convert to 3 to 5 cents of spending. Calculators, please: 0.03 times $1.2 trillion equals $3.6 billion in spending. In an economy that is two-thirds consumer spending, that's another growth driver. One other thing about the wealth effect is that it works splendidly in reverse too. There's the prospect that Broun and his colleagues could be serving up a double whammy to households across the country: declining stock market wealth in addition...
...Unlike retroviruses, which scientists have been using to create iPS cells, these viruses effectively disappear after a few cell divisions and do not integrate into the cells’ DNA. The effect of this is that adenoviruses are free from the chief adverse effect of genetic manipulation, which can turn on cancer genes and trigger malignant tumor growth...
...maybe they're too close to their own beats. Maybe the effect of a credit freeze is so obvious and transparent to them that they can't quite comprehend how anyone could not understand its impact. That's not a service to the audience, but it's the impression I've gotten at times even from business journalists I normally admire. Last night on PBS's NewsHour, for instance, an anchor put the question to the New York Times' Joe Nocera. I've heard him discuss business news in layman's terms masterfully on NPR for years; if anyone could...