Word: modeste
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...modest fall in prices is hardly the end of the world for those who are still sitting on mountainous profits amassed during Britain's years of plenty. But for more recent buyers, now stuck with rising interest payments on ever less valuable houses, there is mounting fear - and a belated realization that property is not a one-way bet, after all. "It's always good to remind people that investing in long-term, expensive assets is a risky business," says Michael Ball, professor of urban and property economics at the University of Reading Business School. The current wobble has "brought...
...series of interest-rate cuts by the Bank of England since December has so far failed to tame mortgage interest rates; the average rate on a two-year fixed deal with a modest deposit rose to 6.94% in April from 6.6% the previous month. Annual inflation in the U.K. hit 3% in April, well beyond the government's 2% target, making further cuts soon highly unlikely. The central bank offered in late April to swap around $100 billion of lenders' old mortgage debt for safer government bonds, but the effect on the housing market has been muted. "It certainly...
...United Kingdom to back the reforms, even if London would have liked to go further by scrapping direct payments to farmers altogether, and end price-fixing mechanisms. However, with France and Germany lining up a trenchant defense of the CAP supports, Fischer Boel's hopes for a modest health check are already provoking a furious reaction from the stubborn patient...
...review of the first movie, "Spielberg" is German for "play mountain.") In Raiders the logo became a mountain in South America; in the second film, Temple of Doom, a bas-relief on a Chinese gong; in The Last Crusade a big boulder in Utah. This time, suggesting more modest aspirations, or maybe kiddingly deflecting the audience's gargantuan expectations, it's a weeny prairie dog hill, from which a critter emerges just before being nearly run over by speeding cars. We're in Nevada, near Area 51, and it's 1957, a time of rock 'n' roll (Elvis's "Hound...
...finally, while 10,000 titles sounds like a lot-Netflix claims it's the biggest selection available anywhere - it's still relatively modest. While we could watch all seasons of The Office, there were no HBO series, for instance. A Netflix spokesman pointed out that the company launched its DVD subscription business in 1999 with a mere 3,900 titles; it offers 100,000 now. So, while it's not yet video dial tone, we're off to a great start...