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...selling points of CityCenter was that a slate of condos was planned to give the project some semblance of urbane flair. But the high-rise-condo market is in dire shape. Murren says MGM Mirage has 50% of its condos under contract, but it also recently announced a 30% price reduction to lure in new buyers as well a financing package to help buyers afford to close the deal...
Still, Congress faces a heavy burden in searching every nook and cranny for ways to fund the health care reform bill's $849 billion price tag. Jim Manley, a spokesman for Senator Reid, dismisses suggestions that women are being targeted and notes that Senators are looking everywhere for ways to fund the bill. "There was a point a few weeks ago when Senator Reid needed some additional revenue for this bill - the goal was to keep all the financing within the health care arena, and in the end, he decided to include this provision in the bill," says Manley...
...worldwide headlines, Parker's victory will have little resonance on a statewide scale. Houston is a place where Republicans like Governor Rick Perry and his primary challenger, Senator Kay Bailey Hutchison, go for fundraisers, not votes. Indeed, the moderate GOP votes that Parker won may come at a price for Republicans in primary races. Candidates endorsed by Log Cabin Republicans, a GOP gay-rights lobby, have come under fire from noted anti-gay campaigners, including Houston physician Steven Hotze, whose political action committee sent out a last-minute anti-Parker flyer. Hotze is also reported to have pressured statewide Republican...
...Group, a market-research firm, says the average price for LCD TVs was down 22%, to $535, during the week of Black Friday. Notebook-computer prices dropped 26%, to $500, and unit sales of computers increased a whopping 63%. Prices for netbooks, the lighter, more portable cousin to traditional laptop computers, also dropped. Camcorder prices fell 33%. And these days, the deals extend beyond Black Friday. "One of the phenomena we are seeing is that retailers are really stretching the promotional period," says Ross Rubin, consumer-electronics analyst at NPD. "Retailers are looking to prime the pump...
...appropriated some of the traditional arguments of the conservative Christians who see themselves as defenders of Christmas. A popular rallying cry of the foot soldiers in the war on Christmas is "Jesus is the reason for the season." Often, however, it seems that being able to score a half-price Nintendo DSi and a "Merry Christmas" from the checkout clerk is the real prize. The Religious Right has spent decades casting secular culture as the enemy. And yet instead of critiquing the values of the consumer marketplace, many conservative Christians have embraced it as the battleground they seek to reclaim...