Word: household
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Penny stocks--those that sell for under $5 over-the-counter--are the slot machines of the equity market. Care to risk a couple of quarters? It's tempting, with the established exchanges now brimming with household names like Corning in the penny-stock range. The fiber-optic-equipment maker was once a $100 stock. Now it trades near a buck fifty. Wireless-phone company Sprint is at $9.25; computer retailer Gateway, $3.58; Sun Microsystems, $3.66. How can you lose? But as anyone who has been cleaned out by a 25[cents] slot can tell you, this is risky territory...
...demand slackens, prices can hold if sellers simply wait a normal length of time for the right buyer to surface. Increasingly, that buyer is a new American. Greenspan can get breathless describing "the incredible rise in immigration," which he says accounts for "a third of the rise in household formation" and "has been a major factor holding the price level of homes up." Today more than 1 in 10 Americans is foreign-born, compared with 1 in 20 in 1970. This influx of citizens, mainly from Latin America and Asia, will help drive demand for an additional 1.1 million homes...
...South Shore, which is undergoing an economic rebound, some neighborhoods are organizing against a possible influx of the poor, who they fear will lower property values. Nearly 80% of families relocated by the CHA in the past three years wound up in neighborhoods that are almost entirely black, with household incomes averaging $15,000 or less a year. Berryman says she would prefer not to move into a mixed-income neighborhood. "The first time something goes wrong in the neighborhood, I know they'll blame it on the poor people...
Aladdin and Hercules are household names because their cartoons are spinoffs from successful full-length animated movies. Kim Possible is a new, original series starring a red-headed high school cheerleader who saves the world when she’s not in class. These cartoons are meant to target kids six to 14 years old, but I proudly admit to being an addict...
...seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just a few short years ago, traditionally risk-averse European savers were piling into stocks at a breathtaking pace, transforming not just household finances but the balance of economic power. (Or so it seemed.) But now even in the U.S., where half of all households were in stocks or stock funds, that faith in equities is being challenged. And European investors may actually be more disillusioned, and could prove even slower to return...