Word: firmness
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...doesn't matter. "In a lot of places, I 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...
Would a more powerful Maliki be good for the U.S.? The withdrawal deal served the interests of Barack Obama last year; both he and Maliki wanted a firm timetable, whereas President Bush opposed the idea. Officials close to Maliki say he was impressed with Obama when they met last summer. But the Prime Minister is no fan of the new U.S. Secretary of State, Hillary Clinton. Two years ago she expressed concerns about Maliki's sectarian sensibilities and called on the Iraqi parliament to replace him with a "less divisive and more unifying figure." Furious, Maliki said that Democrats such...
Whatever the magic, it's still working. As toy stores around the world feel the chill of recession, the Rubik's Cube is in the middle of a comeback. Global sales reached 15 million last year, up 3 million over 2007, according to Seven Towns Limited, the British firm that licenses all of Rubik's creations. When New York City toy retailer FAO Schwarz reintroduced the Cube 18 months ago it became one of the store's Top 20 selling toys within weeks; sales have stayed steady despite the economic downturn. In Britain, Cube sales are up 300% over...
...hope - a cautious hope - is that Agriprocessors, which went bankrupt in November, will soon be sold. An Israeli firm, Soglowek Nahariya Ltd., made a $40 million offer this month to buy Agriprocessors and a smaller subsidiary plant in Nebraska. "A sale is likely," says Joseph Sarachek, a court-appointed trustee temporarily overseeing Agriprocessors' operations. "This is a real buyer." But he adds that the offer is the opening bid in what will probably be a March auction for the plant, which was once the nation's largest kosher meat producer and once Postville's major employer, with 968 workers...
...rumor has been given credence by Vogue's recent issues, which are skinnier than a Slavic model. The January issue has 44% fewer ad pages than the same month last year, according to Media Industry Newsletter. Wintour's detractors have always conceded that she has a firm grasp of the advertising end of the pole - if this is slipping, they ask, could she be in the endgame...