Word: low
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...most significant trouble with the real estate markets, both residential and commercial, is that the buyers have disappeared. They are not even making "low ball" offers. With real estate sales in gridlock, foreclosures and defaults become more likely. The incentives for owning a home worth much less than the mortgage are hard to identify. Some people simply walk out of their homes and mail their keys to the bank...
...basic plan behind that bookstand is still solid,” O’Brien said. “My business plan was in three years to have six tables and 15 to 20 low-income homeless people working there, spread throughout Cambridge and Boston...
...single adult male can make $50 to $100 a day,” O’Brien said, pointing out that Supplemental Security Income—government assistance for low-income and disabled individuals—only provides about $650 a month...
...fighter jets—is the sort of military project that the New York Times crowd loves to hate. It is incredibly expensive, it has not been used in either Iraq or Afghanistan, and it seems to be entirely useless in a world where our foes prefer decidedly low-tech means of destruction. Critics, including current Secretary of Defense Robert Gates, have been vocal in their calls to end procurement of the controversial fighter jet, currently stalled at 183 aircraft. But with all due respect to Secretary Gates—who has rescued the Pentagon from the nearly criminal incompetence...
...most big banks which occurred at the end of last year. Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and JP Morgan (JPM) have already made cuts or are candidates to do so. Firms in media from The New York Times (NYT) to newspaper chain McClatchy (MNI) are low on income and high on debt. Any company with dwindling cash will be on the list of firms which are likely to need dividend reductions to preserve their balance sheets...