Word: priced
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...market is looking for ways to claim that housing is finding a bottom and that it is possible that a recovery in home prices in the wings. While there may be some pick-up in sales in the most depressed markets including Nevada and Florida, there is no sign that prices are rising. Clever buyers are moving in to buy homes in foreclosure, but the prices of these houses are so low that their sales may actually bring down the average price of the homes being sold in those markets...
...financial might in Europe. The region is already one McDonald's best in terms of sales growth. It can afford to finance the rent and construction costs for new locations. It has a nearly bottomless marketing budget. And, in most cases it can and will undercut Starbucks on price...
...when the military ended its practice of intentionally fuzzing the satellite's signals for security purposes. Overnight, navigation devices became 10 times more accurate and swiftly became standard equipment in a slew of industries, from commercial fishing to freight-hauling. Consumers have also rushed in as the size and price of GPS receivers have dropped; they're growing increasingly common in phones, wristwatches and even dog collars. Adventure seekers use GPS for a game called geocaching, a kind of satellite-based treasure hunt that currently boasts more than 800,000 active "caches" waiting to be found around the world...
...budget deficit - lower than Medvedev's new prediction - would be enough to exhaust the government's $113 billion Reserve Fund, which is generated mostly through oil and gas export revenues. But he said that since the government is tightening spending and basing its budget on "conservative" oil price forecasts of $50 a barrel in 2010, $52 in 2011 and $53 in 2012, he believes the fund could begin replenishing itself as early as in 2011. Part of the reason for Russia's current predicament is earlier over-optimistic estimates for oil revenues, which make up anywhere between a third...
...Vladimir Osakovskiy, strategy and research head at Unicredit Bank, "The major message was that in the future the government will develop the budget using conservative oil price estimates. What we're seeing right now is an effort to clean up the mess." And what analysts will be eyeing with increased interest in coming months is whether the differences over the budget mark a new stage in Russia's most important political relationship: the one between Medvedev and Putin...