Word: marketic
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...want to put money into a house that's worth less than what they owe. That finding, from a paper by economists at the University of Chicago, Northwestern University and the European University Institute, raises some doubt about the approach the Obama Administration has taken toward stabilizing the housing market. The current approach focuses on whether or not homeowners can afford their monthly payments, and largely ignores the fact that some 20% of homeowners owe more than their house is worth - a situation known as negative equity, or being "underwater," which, according to the paper's findings, may itself trigger...
...analysts are jittery this week following comments on Sunday by Vice President Joe Biden that were widely interpreted as a green light to Israel to bomb Iran's nuclear facilities. Many in the industry have long viewed such an attack as a prelude to a nightmare in global energy markets: Iran retaliating by sinking oil tankers in the Strait of Hormuz, blocking the route by which most Persian Gulf oil travels to world markets. "We will be in deep, deep trouble," says Leo Drollas, deputy director and chief economist of the Center for Global Energy Studies in London. "The market...
...Despite the renewed threat of disruption, major oil-consuming countries are in a strong position to withstand any new market shocks. Global stockpiles are at their largest in about five years because of the downturn in demand brought on by the recession. Many countries also created large strategic oil reserves after the 1979 experience. And in an effort to stabilize oil prices, both the U.S. Congress and the Obama Administration are considering clamping down on speculation in energy futures, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, on Tuesday. Speculation is one factor believed by economists...
Sources: Number of uninsured: CDC, 2006 data; poll data: ABC News/Washington Post, June 18-21, 2009; potential enrollees to a public plan: the Lewin Group, April 2009; insurance-company market share: National Association of Insurance Commissioners
...largest contracts in the history of the game, many of which smell suspiciously of price gauging. Now that the Nationals have secured the right to sign Strasburg, Boras is reportedly demanding a $50 million contract for his young client. This ridiculous sum is simply not the fair market value for a pitcher who has never played an inning of pro ball. Moreover, teams pass the cost of such inflated contracts along to the fans in the form of increasingly unaffordable ticket prices. Because Strasburg’s career remains largely uncertain, the Nationals can afford to—indeed, should...