Word: price
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...apart is independent films. Alongside the rental program, YouTube is launching a program called "Filmmakers Wanted" that provides a platform for independent filmmakers to handle their own marketing and distribution via YouTube without relying on studios. According to the blog post that announced the plan, "They can decide the price of their videos and the rental duration; they can decide when and where their content is available; and they can keep 100% of their rights...
...that with his wife's $13,000 salary as an office administrator, the couple estimated that they could afford a $260,000 apartment. But after more than a year of searching, and touring some 50 potential homes, they're still renting. In the heated market, sellers kept raising the price thousands of dollars just as Chen and his wife were on the verge of closing a deal, he says. Or worse, apartments listed at affordable prices were often sold within minutes at sums beyond Chen's comprehension. "In the end, we had no choice but to give up," he says...
...China heads into 2010, its economic policymakers will have to juggle how to control the property market for consumers like Chen without debilitating it or harming the overall economic recovery. "While the authorities aim to contain property-price increases, they are highly mindful of the importance of stability in the sector, as it bears upon consumption and employment," Jing Ulrich, managing director of China equities for JPMorgan, wrote in a research note. It's a tricky balancing act. But it's a task the other countries still struggling to emerge from the global downturn would envy...
...Home sales last year increased in value 80% over 2008, according to the National Bureau of Statistics. That pace has slowed in recent weeks as buyers like Chen are now looking for government intervention. In late December, Premier Wen Jiabao promised action to help keep housing prices in check. "As the property market is recovering rapidly this year, housing prices in some cities are rising too fast, which deserves the great attention of the central government," he told Xinhua, the state-run news service. During Thursday's press conference announcing the 2009 GDP numbers, Ma too acknowledged that "the price...
...Some property developers and economists have called China's housing market a bubble. Whether the government can gently deflate it is an open question. Beijing's past efforts to control housing prices have been unsuccessful, says Shanghai-based economist Andy Xie. One flaw is that local governments rely on land sales for about one-third of their revenue, which gives them an incentive to keep prices high. "Somehow, the market keeps going up," Xie says. "People think the government is not sincere about tightening. How would the biggest beneficiary let the price fall...