Word: moneyitis
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...great pricing inefficiency arises because this natural gas speculator is following a predefined plan - and the plan is publicly known. Plus, it's a foolish one. A fund that invests in long-term natural gas prices is taking needless risk in placing significant money in the short-term futures market...
...days, though, everything has come undone again. GM's management, which now includes U.S. government appointees after Washington's massive bailout of the Detroit firm, is split. Some on the board want GM to sell its European operations and focus on the U.S. market. And GM cannot use money from U.S. taxpayers to restructure Opel. (See pictures of General Motors factory-scapes...
...money well spent? To get an answer, TIME contributor Joseph Szczesny spoke with Jesse Toprak, vice president of industry trends and insights at Truecar.com, a car-sales-data website. Toprak has more than 15 years' experience in the automotive industry, including nearly nine years with Edmunds, one of the largest sites for consumer information on the Internet...
...cities saw a 1.4% gain between May and June. That's only the second time the index has risen since the summer of 2006 (the other time was the month before). Once you adjust the data for seasonality - the fact that houses tend to sell for more money in the warmer months - the increase in July was actually the first since May 2006. Home-price data from the Federal Housing Finance Agency, which tracks homes with mortgages owed or guaranteed by Fannie Mae and Freddie Mac, also showed a May-to-June gain, of 0.5%. (See pictures of Americans...
...that no one has actually proposed any such plan for the U.S. President Obama has talked about whether it made sense for his dying grandmother to receive a hip replacement. Kennedy himself observed that he never needed to worry about his coverage - "I have enjoyed the best medical care money (and a good insurance policy) can buy," he wrote in Newsweek - and called for the day when all Americans could expect the same. But as a matter of public policy, as opposed to private choice, was the cost and ordeal of Kennedy's treatment worth the extra month of life...