Word: feds
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Whether the eight-year boom was really a bubble remains a matter of debate among economists. No less a sage than Alan Greenspan started warning of "froth" in the market in May 2005--and the Fed has raised interest rates 17 times, at least partly to dampen speculative housing activity. Yet the party outlasted several years' worth of doomsday predictions. And for every bubble guy, there's one who thinks prices overall are about right, given mortgage rates that are still low by historic standards and other measures of affordability. "My view is that the run-up of home prices...
...very few dogs in our Beijing neighborhood. Other people on my street kept pets. There were old men who hitched elegant bamboo cages to their bicycle handlebars every dawn to pedal their songbirds out to the park for a morning of refreshment. There were well-fed crickets, flocks of homing pigeons that hummed through the sky with whistles attached to their tails, the occasional rabbit. Genghis, however, was a novelty; he scared children and grown men alike...
...buyout firms are back, and there are more of them. The new boom is being fed by low interest rates, a no-go stock market and banks eager to lend. CEOs are more willing to listen since stepped-up regulation and a focus on short-term performance has taken some of the allure out of running a publicly traded company...
...instructions whenever going out, as if Dad's a new babysitter. Or they demand their husbands tackle half the duties, yet they resent it when Dad asks to be an equal partner in critical decisions, such as determining when their baby should undergo sleep training rather than be fed during the night...
...legislation on illegal immigration certainly seems to be. In Washington, the House and Senate appear no closer to resolving their impasse on the issue. In competing series of hearings, Senators are insisting on a guest-worker plan, while hard-liners in the House refuse to accept any such accommodation. Fed up with all that congressional talk and the lack of national legislation, cities across the U.S. are passing local laws to deter illegal immigrants from coming to town. An ordinance will go into effect this week in Vista, Calif.--a San Diego suburb--that requires employers to register with...