Word: lating
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...program did reduce inventories. Will this affect manufacturers' incentives over the next few months? For the next four to six weeks, it will result in a drop in incentives for most categories. Once the additional production starts arriving on the lots, probably starting in late September, we will see the incentives start to climb back up, and that should last for the rest of the year. (See pictures of the best-selling cars in China...
...mortgage sector continue to surface. Another number out this week was the delinquency rate among loans backed by the federal housing agency Freddie Mac. The number of people 90 or more days behind on their mortgages continues to rise - in July, 2.95% of Freddie Mac loans were late, up from 2.78% the month before, and 1.01% a year ago. Furthermore, a new study from the credit-rating agency Fitch found that among people falling behind on payments, fewer and fewer are able to catch up. Looking at a set of mortgages that had been bundled into securities, Fitch calculated that...
Soon after the first long-distance pipelines were laid in the Northeast in the late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel...
...President of the U.S. It continued when Pyongyang released a South Korean businessman it was also holding as a hostage, and it intensified last weekend, when North Korea sent a delegation of officials - including its chief spymaster, head of intelligence Kim Yang Gon - to the funeral for the late South Korean President Kim Dae Jung. The delegation stayed an extra day, requesting and getting a meeting with South Korean President Lee Myung Bak. According to South Korean news accounts, they carried a "conciliatory message" from Kim Jong Il. Historically, the North's intention has been to evoke a "euphoric reaction...
...Pashtuns across the south backing Karzai, and Tajiks, the second largest ethnic group, rallying in the north behind Abdullah, the son of a Pashtun father and Tajik mother. Abdullah is also more closely identified with the Northern Alliance, which ousted the Taliban - a largely Pashtun movement - from power in late 2001. (Read about the Taliban threat to disrupt the election...