Word: pricing
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...foreign-currency reserves, a hefty budget surplus, a negligible national debt and an economy that remains on course to grow by 7% this year. The fount of much of the nation's newfound wealth - oil and gas - isn't affected by these banking liquidity problems. As long as the price of oil stays somewhere above about $70 per barrel, the windfall profits will continue to roll in. Moreover, only about 2% of Russian households - the very affluent - own stocks, so the market plunge won't affect the population at large...
Then there is the debt that set off this crisis: mortgage debt. Overly easy mortgage borrowing financed the house-price bubble. The bursting of that bubble set off the chain reaction of financial implosions that we are experiencing at the moment. Yet you rarely hear politicians calling it a bubble. In fact, constantly rising real estate prices seems to be regarded as some kind of natural right, or at least a natural state to which we must return as soon as possible. Getting prices "moving again"--which means moving higher--is one all-but-explicit goal of the Paulson bailout...
...Unacceptable Price The picture of two Afghan children wounded by a U.S. air strike that accompanied the article "Collateral Tragedies" [Sept. 15] literally took my breath away - like a kick to the chest. I wonder if those in favor of our military actions could look into these children's eyes and explain to them why America is right to do this to them and their families. All the arguments in the world will never justify the fear and pain reflected in those children's faces. Kelly Czermerys, Hunter...
...Alpizar said. While there are students who regularly attend these sessions, there are also many curious newcomers. “It’s an unbeatable value! There’s food, beer,” Sergio Prado ’09 said about the $10 ticket price that covers both drinks and food. “I’ve loved beer for quite a long time. Our whole blocking group loves beer. This just seemed like a good idea.” He added that, throughout last year, he and his blocking group tried to find...
...will the Federal Government know what price to pay for the mortgages it buys? It won't. Even on Wall Street, no one knows how much the mortgage securities are worth. The government will hire experts to determine their value, but because so many are "sliced and diced" concoctions - made up of pieces of literally thousands of mortgages created and peddled and pushed together by Wall Street - the soundness of the underlying loans will prove difficult to ascertain. Many members of Congress want to make sure the government pays fire-sale prices for the assets to protect taxpayers from...