Word: price
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...held a global popularity contest, there's little doubt the International Monetary Fund would finish last. Over the past 30 years, the Washington-based agency has aroused fear and loathing throughout much of Africa, Asia and Latin America because of the tough conditions it imposed on governments as the price for its financial assistance. When its role dwindled to near-irrelevance earlier this decade as the world economy expanded strongly, few tears were shed. Taking over as managing director in 2007, Frenchman Dominique Strauss-Kahn warned its directors that, "what might be at stake today is the very existence...
...most community auctions across the country. Desperate for new revenue streams, auctioneers have started selling basic grocery store items to help pick up the slack. Hungry for bargains, shoppers have started bidding on fruits and vegetables. As long as the final offer comes in below the grocer's retail price, they'll save a few bucks on the essentials. "Right now, the auction business is in a downfall," says Raymond Toler, owner of Raymond's Auction House in Archdale, N.C. He started running monthly grocery auctions in October, after hearing that they were becoming popular among other auction companies...
...Auctions only work for shoppers if they do a little research. Consumers need to know the price of a given item in the local grocery store, and discipline themselves not to bid above that number. Such self-restraint is no easy task. "We joke all time about the Little Debbies," says Chris Crepeau, owner of Michigan Auction Sales in Holt, Mich. "People always want those specific snack cakes, and pay too much for them." The auction process sweeps up some shoppers - I just want to win, darn it, no matter how much I pay for that dog food. Others figure...
Demand for more moderately priced homes is weak as well. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University in Atlanta, estimates that each year between 2002 and 2006, some 68,000 permits for new homes were issued here, even as only 30,000 jobs were being added annually. "Now," Dhawan says, "it's catching up." The shrinking corps of real estate agents here are taking desperate measures, like offering two-bedroom condos for the price of a one-bedroom unit...
...every observer believes the implicit threat of EPA regulation will be enough to force cap-and-trade opponents to fall in line. After all, the main criticism of cap-and-trade is that it may result in a rise in energy prices as carbon becomes more expensive (indeed, making fossil fuels more costly relative to clean renewable fuels is the point). Advocates argue that new green jobs created by acting on climate change will more than offset the price of cap-and-trade and that, in any case, the long-term cost of delaying on global warming will...