Word: meaning
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Stengel's national-service plan would butcher the very Republic he seeks to preserve. His proposal would require funding and create organizations for any number of corrupt officials to exploit. Such a plan would also obliterate the spirit of volunteerism, whose very nature and definition mean participation without incentives--monetary or otherwise. Americans do need to band together for the betterment of our delicate Republic' but amplifying the government's already expansive role and excessive expenditures is no answer...
However you get your hands on a house, it's important to remember that foreclosures are often cheap for a reason, like having a cracked foundation. Says Terry Dunkin, president of the Appraisal Institute: "Just because it's priced less than other houses in the neighborhood doesn't mean it's a great deal...
...dire talk to the bank just yet. At the Economic Cycle Research Institute, an outfit with a good record of at least noticing when recessions have begun, the indicators still point toward growth--albeit less convincingly than two months ago. "Having a jobs report come in negative does not mean that a recession has started," says managing director Lakshman Achuthan. But the risk is there, and Achuthan guesses it will worsen if loan markets fail to calm down. If a month from now a borrower with good credit still can't get a jumbo mortgage at a reasonable rate...
...been rising sharply in Europe, Australia, South Africa and China. Two countries at the leading edge of this boom, the U.K. and Australia, saw housing markets sputter in 2004 and 2005 but then recover. This may indicate that a quick recovery is possible in the U.S. It could also mean that the global boom will end only in a global bust--and U.S. mortgage troubles are now ominously making themselves felt around the world...
...least possible that we're due for an epic decline in prices. "People think that home prices go up a lot," he says. "But home prices in 1990 were at about the same level as in 1890." Shiller allows that the scarcity of property near the coasts might mean prices there will remain high, but then notes, "We can't make any more of the land, but we can build huge high-rises on the beach...