Word: modeste
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...only to affluent urban areas, is insulting to the millions of middle-class Iranians who have suffered the most under his tenure. As a rule, affluent Iranians aren't much affected by high inflation and unemployment. As the foreclosure crisis in the U.S. has shown, it is people of modest or low income who feel the pinch when an economy falters...
Medialdea is a modest man, but as he watches the gawky birds poke through the water for food, he beams. "Because of our artificial intervention, the natural environment is improved," he says. "The point isn't to make use and conservation compatible. The point is to use in order to conserve...
...which is what really drives real estate prices. A 2006 study of mortgage rates and New York City housing prices going back to 1975 by Lucas Finco of Quadlet Consulting found no correlation between lower mortgage rates and higher housing prices, or vice versa. In fact, some think a modest rise in interest rates could be good for housing demand. "For the fence sitters, rising interest rates could be the motivation they need to buy," says Steven Wieting, Citigroup's US economist...
Steves' approach to travel is suited for a time of economic distress. He encourages readers to go to Europe through what he has long called its "back door," like a neighbor, staying in modest hotels, eating in local cantinas, for what he believes is a more casual and authentic journey. "It's spending less but experiencing more," Steves explains. "Ideally, you are welcomed as part of the party rather than put up with as part of the economy." Steves roots his followers not in a city's tourist meccas but in neighborhoods like Trastevere in Rome and around...
...Popular Majority (UMP) claimed first place with 27.9% of the Euro vote. The result marks the first time a sitting French President's party has won a European election since 1979. That success in avoiding the traditional midterm European protest vote was all the more significant against Sarkozy's modest 43% approval rating, as well as polls indicating the public continues to frown on how he and his government have responded to the global financial crisis. Despite all that, ruling conservatives came within four points of Sarkozy's commanding 31.1% score during the first round of French presidential polling...